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December 2017Form W2: Special Resolution to wind up and appoint a liquidator for Members Voluntary Winding Up pursuant to Section 154 of the Irish Collective Assetmanagement Vehicles Act 2015 (\"ICAV
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How to fill out voluntary liquidation in ireland

01
Consult with a licensed insolvency practitioner to assess if voluntary liquidation is the best option for your company.
02
Hold a board meeting to discuss and formally agree on the decision to liquidate the company.
03
Pass a special resolution at a general meeting of shareholders to wind up the company voluntarily.
04
Notify the Companies Registration Office (CRO) of the decision to liquidate and appoint a liquidator.
05
Cease trading, collect all assets, and make a full disclosure of the company's financial affairs to the liquidator.
06
Assist the liquidator in distributing the company's assets to creditors and winding up the company's affairs in accordance with the law.

Who needs voluntary liquidation in ireland?

01
Companies in Ireland that are insolvent and unable to pay their debts as they fall due may opt for voluntary liquidation to wind up their affairs in an orderly manner.
02
Creditors of a company may also petition for a compulsory liquidation if they believe the company is unable to pay its debts.
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Voluntary liquidation in Ireland is the process by which a company's members decide to wind up the company's affairs and dissolve it, generally when the company is solvent. It is a procedure initiated by the shareholders.
The company's directors and shareholders are required to initiate and file for voluntary liquidation in Ireland.
To fill out voluntary liquidation, relevant forms such as the 'Declaration of Solvency' and 'Notice of Extraordinary General Meeting' must be completed and submitted to the Companies Registration Office (CRO), along with a resolution to wind up the company.
The purpose of voluntary liquidation is to ensure that a company is closed down in an orderly manner, allowing for the distribution of assets to shareholders while settling any outstanding debts.
The information that must be reported includes the reasons for liquidation, the company's assets and liabilities, the names of the liquidators, and the resolutions pass by the shareholders.
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