What are the different types of Liquidation and who may commence proceedings?

Types of winding-up
i) Compulsory winding up or winding up the court.
ii) Winding up subject to the supervision of the court.
iii) Voluntary winding up.

Who may commence proceedings? Compulsory winding up
 The company
 Creditors
 Contributories
 The attorney general
 The official receiver
 Members other than contributories.
Winding up under the supervision of the court

The creditors
 The official receiver
 Members
Voluntary winding-up
 Shareholders
 Creditors

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