The resolution to place a company into voluntary liquidation will be voted upon at an extraordinary general meeting of shareholders. This meeting is usually convened by the board of directors upon their instruction of an insolvency practitioner to assist them with the process. The insolvency practitioner will ensure that adequate notice is provided to all shareholders and that a quorum is in attendance pursuant to the company’s memorandum and articles of association. We will also assist the directors in preparing a statement of affairs and a report containing various information that must be presented to creditors prior to the appointment of a liquidator.
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