A company can be wound up voluntarily by its:

Question

Quizplus · Accepted Answer

A company can be voluntarily wound up by its shareholders. This involves passing a resolution to wind up the company and appointing a liquidator to sell off its assets and distribute any remaining funds to its creditors and shareholders. This process is initiated by the shareholders and requires at least 75% of them to pass the resolution. Employees, directors, and the CEO do not have the authority to wind up the company voluntarily.

A Company Can Be Wound Up Voluntarily by Its