Direct Tax Services
Audit
Consulting
ESG Advisory
Indirect Tax Services
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Developed
Developing
BOTs
American
EU-1
EU-2
South East
South Asia
Gulf
ME
Select Your Location
The main objective of the Producer company is to facilitate the formation of co-operative business as companies and to make it possible to convert the existing co-operative business into companies. The main purpose of winding up of Producer company is to realize the assets and pay the debts of the company expeditiously and fairly in accordance with the law. The objects given under section 581B are as follows:
The objects of the Producer Company will transmit to all or any of the ensuing matters, namely: (as provided in the law)
Winding-up of a company is a process of putting an end to the life of a company by shutting or closing down the company. It is a proceeding by means of which a company is dissolved and in the course of such dissolution its assets are collected, its debts are paid off out of the assets of the business or from assistance by its members, is essential. If any excess is left, it is dispersed amongst the members in accordance with their rights.
Table of Contents
If the company passes a resolution for winding up of the Company
Read More: What is Winding up Process of a Company?.
Recommended Article: How to Close a Private Company in India.
The CBIC has on 6th September 2023 released a Notification No. 64/2023- Customs (N.T.). Vide th...
On 15th September 2023, the Central Board of Indirect Taxes (BCIC) issued Notification No. 30/2...
The Central Board of Indirect Taxes (CBDT) has on 15th September 2023 issued Notification No. 3...
With the ongoing involvement of companies with foreign investments, the FEMA regulations have b...
Recently, RBI released a circular on 14th September 2023 notifying the List of Companies (NBFCs...
Are you human?: 6 + 2 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Introduction The (NCLAT) National Company Law Appellate Tribunal can initiate the (CIRP) that is Corporate Insolven...
20 Nov, 2020
Winding up is the process wherein a company sells all of its business assets for paying off its creditors and distr...
01 Dec, 2020
Chat on Whatsapp
Hey I'm Suman. Let's Talk!