Companies Act 2014 section 583

Power of company to appoint liquidators

Section 583 deals with the appointment of liquidators by the company in a members' voluntary winding up.

• The company must hold a general meeting to appoint one or more liquidators.
• The liquidator's role is to wind up the company's affairs in an orderly manner.
• The liquidator is also responsible for distributing the company's assets.
• The appointment is made by the members themselves, reflecting the voluntary nature of the process.