Section 122Part 5 — Company Restructuring and Winding Up
Resignation of voluntary liquidator
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Where two or more persons are appointed as joint voluntary liquidators, they may resign by filing a notice of resignation with the Registrar, so long as at least one of them continues in office.
Except as provided in subsection (1), a voluntary liquidator wishing to resign shall —
prepare a report and accounts; and
convene a general meeting of the company for the purpose of accepting that person’s resignation and releasing that person fr om the performance of any further duties, and shall cease to hold office with effect from the date upon which the resolution is passed.
In the event that the company fails to pass a resolution accepting that person’s resignation, the voluntary liquidat or may apply to the Court for an order that that person be released from the performance of any further duties.