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Transition to voluntary winding up

The CA sets out a number of events which trigger a transition to winding up. They are:

  • The passing of a resolution to that effect at the second meeting of creditors.
  • The failure of the company to execute a DOCA following a resolution requiring it to do so.
  • The passing of resolutions terminating the deed and that the company be wound up. Other triggering events are set out in the Regulations. See Transition to voluntary winding up.
  • The making of a court order terminating the deed.
  • Where a deed specifies circumstances in which the deed is to terminate and the company is to be wound up, those circumstances happen.