以下是高顿网校为大家整理的：F4公司法与商法第二十三章，希望对考生们有所帮助。
 
　　3 Liquidation
 
　　3.1 Liquidation may take one of two forms:
　　(i) Winding up by the court – Compulsory liquidation.
　　(ii) Voluntary Winding Up – Members’ or Creditors’.
 
　　Winding up by the court
　　3.2 (a)Reasons for which a company may be put into compulsory liquidation:?
　　(i) The company has passed a special resolution to that effect.
　　(ii) The company was regarded as a public company on incorporation and not issued with a certificate within 1 year.
　　(iii) The company does not start business within one year of incorporation or suspends business for one year.
　　(iv) The total number of members in a public company is reduced below the legal minimum. 
　　(v) The company is unable to pay its debts.
　　(vi) The court is of the opinion that it is just and equitable that it should be wound up.
　　(b)  "Unable to pay its debts" (Creditors petition)
　　There are four ways of proving that a company is unable to pay its debts:
　　(i) A creditor has served on a written demand for 750 or more on the company, and the company has failed to pay within a period of 21 days.
　　(ii) A creditor has sued the company and obtained judgement but remains unpaid.
　　(iii) The company is insolvent on the "balance sheet test" (liabilities exceed assets)
　　(iv) The company is insolvent on the "commercial insolvency test" (i.e. it is unable to pay its debts as they fall due because it lack cash).
　　(c)  "Just and equitable" (members petition)
　　Cases where the court has held that it is "just and equitable" to wind up include:
　　(i) where the company’s main object has failed: Re German Date Coffee Company.
　　(ii) where there is deadlock in the management: Re Yenidje Tobacco Company.
　　(iii) where a director of a "partnership company" is removed under Ebrahimi v. Westbourne Galleries
　　Members must stand to gain something from liquidation (the company must not be insolvent).
　　(d) The court will appoint the Official Receiver as liquidator (he will pass on the role quickly) and encourage the formation of a liquidation committee.
　　(e) Compulsory liquidation is rare – most frequently a hostile act from creditors.
 
　　Members’ voluntary winding up
　　3.3 (a) Company is solvent.
　　(b) Directors meeting at which it is resolved that
　　(i) EGM will be called;
　　(ii) members voluntary winding up be recommended to the members;
　　(iii) statutory declaration of solvency sworn.
　　(c) Contents of the Statutory Declaration of Solvency:
　　(i) Directors must declare that the company will be able to pay its debts in full within 12 months.
　　(ii) It must be supported by a statement of assets and liabilities as at the latest possible date.
　　(iii) The declaration must be made within 5 weeks before the Special Resolution is passed and must be filed with the Registrar within 15 days of it being passed.
　　(iv) Penalties: – If debts are not paid within 12 months it is assumed that the directors had no grounds for making the declaration.
　　– Directors can be fined and imprisoned.
　　(d) Extraordinary General Meeting:
　　(i) Special resolution to wind the company up under the members’ supervision.
　　(ii) Ordinary resolution to appoint a liquidator.
　　(iii) Ordinary resolution to fix the liquidator’s remuneration.
　　(iv) If the liquidator (at any time) feels the company will not be able to meet its debts he must:
　　– summon a meeting of creditors
　　– present them with a balance sheet
　　– convert the winding up into a Creditors’ Voluntary Winding.
　　3.4 (a) Directors meeting at which it is resolved that:
　　(i) EGM will be called;
　　(ii) creditors voluntary winding up be recommended to the members;
　　(iii) meeting of creditors be called;
　　(iv) director to chair the creditors meeting appointed;
　　(v) a statement of affairs be sworn.
　　(b) Shareholders' meeting:
　　(i) Extraordinary resolution (75%) to wind up the company on the grounds it cannot pay its debts is passed;
　　(ii) Ordinary resolution to appoint a liquidator is also passed.
　　(c) Creditors’ meeting:
　　(i) The company must call a creditors’ meeting within 14 days of the EGM;
　　(ii) Notice must be sent by post to creditors. It must also be placed in the London Gazette and two local newspapers.
　　(d) At the creditors’ meeting the directors must produce:
　　(i) A full statement of the company’s affairs
　　(ii) A list of creditors together with the estimated amount of the claims.
　　Creditors and members nominate a liquidator; the creditors’ choice prevails: 
　　(e) A Liquidation Committee may be appointed which has three purposes:
　　(i) To assist the liquidator as a representative body;
　　(ii) To keep an eye on him;
　　(iii) To give the liquidator permission to exercise certain powers (e.g., paying off a certain class) thus removing the need to call a full meeting every time a decision is made.
 
　　3.5 (a) All actions for recovery of debt against the company are stopped. (Action in tort will continue.)
　　(b) The company will cease to carry on business except where it is necessary for the beneficial winding-up of the company.
　　(c) Directors continue in office but are stripped of power.
　　(d) Employees automatically made redundant but can be re-employed.
 
　　The liquidator’s powers
　　3.6 (a) Selling the assets
　　The Liquidator may call in amounts due from contributories and/or directors in some circumstances:
　　(i) Secret profits made by directors from their position Regal Hastings v. Gulliver.
　　(ii) Misfeasance: He can recover money improperly retained by promoters, directors, managers or officers of the company.
　　(iii)Fraudulent trading: Where a business has been carried on with intent to defraud creditors in a winding up.
　　(iv) Wrongful Trading: Where a director of the company knew or ought to have concluded that there was no reasonable prospect that the company would avoid going into insolvent liquidation and did not take every step with a view to minimising the potential loss to the company’s creditors he may be ordered by the court to contribute to the company’s assets.
　　(b) The liquidator can apply to the court to avoid:
　　(i) transactions at an undervalue (2 years)
　　(ii) preferences (6 months, 2 years if connected).
　　(iii) floating charges created in last 12 months if company insolvent at time; or no new consideration given.
 
　　Distribution of assets
　　3.7 Order of payment
　　(i) Cost of winding up – cost of realising assets, liquidator’s remuneration, cost of making statement of affairs, expenses of committee of inspection.
　　(ii) Fixed charges.
　　(iii) Preferential debts.
　　(iv) Floating charges.
　　(v) Unsecured ordinary creditors. These creditors will also share in a proportion of the net assets secured by floating charge if it was created on or after .
　　(vi) Deferred debts (e.g. declared dividends).
　　(vii) Shareholders.
　　高顿网校小编寄语：你一定能行的！你要相信自己！对自己要有信心！我等你的好消息！

 　　ACCA官方微信　　　　
　　扫一扫微信，*9时间获取2014年ACCA考试报名时间和考试时间提醒
　　
　　高顿网校特别提醒：已经报名2014年ACCA考试的考生可按照复习计划有效进行！另外，高顿网校2014年ACCA考试辅导高清课程已经开通，通过针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。
　　
　　报考指南：2014年ACCA考试备考指南
　　免费题库：2014年ACCA考试免费题库
　　考前冲刺：ACCA备考秘籍
　　高清网课：ACCA考试网络课程