Liquidate a company

About this business activity

A company may be liquidated if it is insolvent, meaning it cannot pay its debts. A company may also be liquidated if the directors believe it is in the best interests of the company and its shareholders. Finally, a company may be ordered by a court to be liquidated if it has been involved in fraudulent or illegal activity.

Section 84 Directors Meeting Minutes To Put Company Into Members Voluntary Liquidation (mvl)

This is a legal document called "MVL: Minutes of directors' meeting to place a company into members' voluntary liquidation." It is a precedent board minutes for use at a directors' meeting convened to place a solvent company into members' voluntary liquidation (MVL) under section 84(1)(b) of the Insolvency Act 1986.

What to watch out for

  • The company's solvency
  • The company's directors
  • The company's members
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    Relevant Contract Types

    πŸ“‘ Board minutes

    A board minutes is a document that covers the minutes of a board meeting. It includes the date, time, and location of the meeting, as well as the names of the board members present. The minutes also include a summary of the topics discussed and any decisions made.

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