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Companies Act, 1973 (Act No. 61 of 1973)

Chapter XIV: Winding-up of Companies

General

343. Modes of winding-up

 

 

1) A company may be wound up-
a) by the Court; or
b) voluntarily.

 

2) A voluntary winding-up of a company may be-
a) a creditors' voluntary winding-up; or
b) a members' voluntary winding-up.