Board Resolution for Voluntary Liquidation

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Document Overview

A Board Resolution for Voluntary Liquidation is a formal decision made by the directors of a company to recommend to shareholders that the company be wound up voluntarily under the Insolvency Act, 2015.

It is the first formal step in the voluntary winding-up process.
The resolution records the directors’ decision that the company:
- should cease operations,
- appoint a liquidator to wind up its affairs, and
- prepare for a members’ special resolution that formally commences liquidation.

When a company decides to liquidate voluntarily, the following documents are typically prepared together:
- Board Resolution for Voluntary Liquidation
- Declaration of Solvency (if solvent)
- Statement of Assets and Liabilities
- Members’ Special Resolution for Voluntary Liquidation
- Notice to Registrar (Form or Written Resolution)
- Gazette and Newspaper Notice
- Letter of Appointment/Consent by the Liquidator

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Board Resolution for Voluntary Liquidation

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