A voluntary winding up of a company officially commences when:

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The voluntary winding up of a company officially commences when the shareholders pass a special resolution to wind up the company. This resolution must be passed at a general meeting of the company’s shareholders, and must be supported by at least 75% of those shareholders who are entitled to vote. Once the resolution has been passed, the company will then commence the winding up process, which will involve the appointment of a liquidator to manage the affairs of the company, dispose of its assets, and distribute the proceeds to its creditors and shareholders.

A Voluntary Winding Up of a Company Officially Commences When