Tag Archives | Winding up

Winding Up of a Company | Accountancy

The winding-up or liquidation of a company means the termination of the legal existence of a company by stopping its business. Under the circumstances, the assets of the company are disposed of, the debts are paid-off out of the realised assets or from the contributions made by its members, and the surplus, if any, is […]

Winding up by National Company Law Tribunals

In this article we will discuss about the Winding up by National Company Law Tribunals:- 1. Grounds for Compulsory Winding Up 2. Who may Petition 3. Procedure for Winding up 4. Voluntary Winding up 5. Members’ Voluntary Winding up 6. Creditors’ Voluntary Winding up 7. Consequences of Winding up Generally 8. Preferential Payments 9. Overriding […]

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