S.L. 628.1 Art. 84Winding up voluntarily. 

(1) An association that does not hold a permit and, or certificate of approval may be wound up voluntarily in accordance with the procedures laid down in the statute of the association.

(2) An association that is in possession of a permit and, or certificate of approval shall, prior to resolving its winding up, obtain the cancellation of the permit and certificate of approval.

(3) The winding up of an association shall commence only after a decision of the general meeting is taken in accordance with regulation 21(4):

Provided that the administrators of an association shall also be bound to wind up an association:

(a) when the term for which it has been created has expired;

(b) if the association has not been granted a permit by the Authority within a period of one (1) year from its registration or within such period as the Authority may prescribe; or

(c) if following the granting of a permit, the permit is withdrawn and a new permit is not granted within a period of six (6) months from the cancellation of the previous permit:

Provided further that in such circumstances the administrators shall call a general meeting of the association and notify the members that the association shall be wound up pursuant to this regulation.

(4) A certified copy of a winding up resolution shall be delivered to the Registrar within fourteen (14) days from when it is passed. The administrators shall, together with the winding up resolution, render to the Registrar a statement of accounts, declaring the assets and liabilities of the association, in such form as may be prescribed by the Authority.

(5) The administrators shall prepare a scheme of distribution of the assets of the association which shall be notified to the Registrar and which shall require the approval by the members of the association, or in the absence, the Registrar, before being implemented.

(6) The assets of the association shall be applied towards the liabilities of the association. Any assets remaining thereafter, shall not be divided amongst the members of the association but shall devolve unto the Government of Malta, or as the may be prescribed.

(7) Repealed by Legal Notice 44 of 2026.

85. Repealed by Legal Notice 44 of 2026.