Section 121Part 5 — Company Restructuring and Winding Up
Removal of voluntary liquidators
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A voluntary liquidator may be removed from office by a resolution of the company in a general meeting convened especially for that p urpose.
A general meeting of the company for the purpose of considering a resolution to remove its voluntary liquidator may be convened by any shareholder or shareholders holding not less than one fifth of the company ’ s issued share capital.
Whethe r or not a general meeting has been convened in accordance with subsection (2), any contributory may apply to the Court for an order that a voluntary liquidator be removed from office on the grounds that that person is not a fit and proper person to hold o ffice.