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Question 1 Voluntary liquidation/winding up is the process by which a company's life is brought to an end upon the decision of the company. Compare

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Question 1 Voluntary liquidation/winding up is the process by which a company's "life" is brought to an end upon the decision of the company. Compare and contrast the two types of voluntary winding up with regards to the commencement, glounds, characteristics, the role of the liquidator and the liquidator's final actions. (20 marks)

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