Circumstances in which company may be wound-up voluntarily

(1) A company may be wound-up voluntarily, may be wound- up voluntarily. (a) when the period (if any) fixed for the duration of the company by the articles expires, or the event (if any) occurs, on the occurrence of which the articles provide that the company is to be dissolved, and the company in general meeting has passed a resolution requiring the company to be wound-up voluntarily; (b) if the company resolves by special resolution that the company be wound-up voluntarily; (c) if the company resolves by extraordinary resolution to the effect that it cannot by reason of its liabilities continue its business, and that it is advisable to wind-up.