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What are Members' Voluntary Liquidation Process?

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Simple Liquidation

Members Voluntary Liquidation process is helpful for the business who do not wish to continue their operations even if they are solvent. This kind of situation arises when the director thinks that it is not variable for them to carry on the business even though it is not suffering from any kind of losses yet. This process is adopted to wind up the business by realising its assets and paying off the debts of creditors as per their seniority. This whole process requires the supervision of insolvency practitioners and this kind of liquidation can take place only after the approval of the shareholders. Below are members’ voluntary liquidation steps that need to be performed to complete this process. To know more visit our website.

 

 

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