liquidation

(redirected from Members' voluntary liquidation)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to Members' voluntary liquidation: Creditors voluntary liquidation

liquidation

Business
a. the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities
b. the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation)
References in periodicals archive ?
Accordingly, the Bond directors now anticipate that the total distribution to Bond Shareholders from the members' voluntary liquidation of the company after it has completed the sale, sold the Courtlands property and paid all relevant transaction costs and taxes, should be between 116 pence and 118 pence per ordinary share in Bond.
The government has recognised the tax advantage some individuals are able to achieve by legitimately arranging their affairs in a certain way and are looking to make it more difficult to use the members' voluntary liquidation procedure to achieve such tax savings," said Tony "Business owners still have a very limited window of opportunity to take advantage of the current rules but must act quickly because the capital distributions need to have been made by April 5, and they should therefore speak to their accountants as soon as
As part of the deal, shareholders would be required to vote in favour of a members' voluntary liquidation at a general meeting on September 10 and, providing the resolution is passed, the company would then be de-listed on September 13.
Conditional upon completion of the disposal and also subject to shareholder approval, the directors propose placing the company into a members' voluntary liquidation and cancelling the company's listing of ordinary shares on the official list.
As a result of such approval, the Company has now entered into the Members' Voluntary Liquidation and Jeremy Spratt and Finbarr O'Connell of KPMG LLP have been appointed joint liquidators for the purposes of the voluntary winding up of the Company.
The board currently intends to effect the distribution of cash by placing the company into a members' voluntary liquidation and it is estimated that approximately GBP 4.
Dated: 5 March 2015 Jim Hamilton Liquidator "Please note that this is a Members' Voluntary Liquidation.
Liquidators Begbies Taylor said the company had entered into a members' voluntary liquidation process.
The indemnity ensures that ING Belgium will pay the fine and legal costs and the company will go into members' voluntary liquidation.

Full browser ?