Board resolution, voluntary liquidation, declaration of solvency and convening the general meeting
A single format from the Voluntary Liquidation pack. s.59 IBC 2016.
- 2 pages
- 20
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, voluntary liquidation, declaration of solvency and convening the general meetings.59 IBC 2016
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The first part of the format, as it downloads. Blanks are highlighted.
Certified true copy of the resolutions passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the Board meeting] at [Time of the Board meeting] at the registered office of the Company
VOLUNTARY LIQUIDATION OF THE COMPANY UNDER SECTION 59 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016
The Chairman informed the Board that [the object for which the Company was incorporated has been substantially achieved / the business of the Company has been discontinued with effect from DD.MM.YYYY / the joint venture between the shareholders has been terminated] and that the shareholders desire that the Company be wound up and dissolved. He explained that a solvent company is now liquidated voluntarily under Section 59 of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, and no longer under the Companies Act, 2013, and took the Board through the procedure and the timelines.