Companies Act 2014 section 590

Commencement of voluntary winding up

Section 590 establishes the point in time at which a voluntary winding up is deemed to commence.

• A voluntary winding up formally begins when the resolution for voluntary winding up is passed.
• The passing of the resolution is the single defining event that marks the commencement date.
• This commencement date is important for determining the legal and financial consequences that flow from the winding up.
• No other formality or filing is required to trigger the commencement — the resolution itself is sufficient.