PART 3: Winding Up
- Section 1: General
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Section 2: Voluntary Winding Up
- Article 58 - Circumstances in which a Company may be wound up voluntarily
- Article 59 - Notice of resolution to wind up
- Article 60 - Commencement of winding up
- Article 61 - Effect on business and status of Company
- Article 62 - Avoidance of share transfers and membership changes after winding up resolution
- Article 63 - Declaration of solvency
- Article 64 - Distinction between 'Members' and 'Creditors' Voluntary Winding Up
- Section 2A: Members' Voluntary Winding Up
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Section 3: Creditors' Voluntary Winding Up
- Article 70 - Application of this Section
- Article 71 - Meeting of creditors
- Article 72 - Appointment of Creditors' Committee
- Article 73 - Directors' powers
- Article 74 - Vacancy in office of Liquidator
- Article 75 - Progress report to the Company and creditors' at year's end
- Article 76 - Final meeting prior to dissolution
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Section 4: Compulsory Winding Up
- Article 77 - Circumstances in which Company may be wound up by the QFC Court
- Article 78 - Definition of inability to pay debts
- Article 79 - Application for winding up
- Article 80 - Application for winding up on grounds of interests of the QFC
- Article 81 - Voiding of property dispositions and alteration of membership
- Article 82 - Consequences of winding-up order
- Article 83 - Choice of Liquidator at meetings of creditors and contributories
- Article 83A - Directors' powers
- Article 84 - Appointment of provisional Liquidator
- Article 85 - Creditors Committee
- Article 86 - Power to stay winding up