How does a company get placed into liquidation
A company will usually be placed into liquidation in one of the following ways:
- Through a special resolution of the shareholders; or
- A decision of the board of the company following an event specified in the company constitution to cause liquidation; or
- The High Court makes an order following an application to the Court by either the company, a director, a shareholder, or a creditor of the company.
Information relating to company liquidation can be found on the Insolvency and Trustee Service website.
You may find our page on Liquidations FAQs a good place to get an overview on liquidations.
- This information is provided by
Company Liquidation | Insolvency | Doing Business in New Zealand
