304. Circumstances in which company may be wound up voluntarily.— A company may be
wound up voluntarily,—
(a) if the company in general meeting passes a resolution requiring the company to be wound up
voluntarily as a result of the expiry of the period for its duration, if any, fixed by its articles or on the
occurrence of any event in respect of which the articles provide that the company should be
dissolved; or
(b) if the company passes a special resolution that the company be wound up voluntarily.
