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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 248

248.(1) A company may be wound up voluntarily

(a)when the period, if any, fixed for the duration of the company by the
articles expires, or the event, if any, occurs, on the occurrence of which the
articles provide that the company is to be dissolved, and the company in
general meeting has passed a resolution requiring the company to be wound up
voluntarily;

(b)if the company resolves by special resolution that the company be wound up
voluntarily;

(c)if the company resolves by extraordinary resolution to the effect that it
cannot by reason of its liabilities continue its business, and that it is
advisable to wind up.

(2) In this Act "a resolution for voluntary winding up" means a resolution
passed under any paragraph of sub-section (1).

© 1960 Crown Copyright

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