THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 491 CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY

491(1) (Special resolution)

Subject to section 490, a company may be wound up voluntarily if the company so resolves by special resolution.

491(2) [Lodgment of copy; publication]

A company shall:

(a) within 7 days after the passing of a resolution for voluntary winding up, lodge a printed copy of the resolution; and

(b) within 21 days after the passing of the resolution, cause notice of the resolution to be published in the Gazette.