Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
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 using 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 company or from contributions by its members, if necessary. If any surplus is left, it is distributed among the members by their rights.
The main purpose of winding up of a company is to realize the assets and pay the debts of the company expeditiously and fairly by the law.
A Company may be wound up on the following grounds:
The procedure is as mentioned below:
After the winding up of a company, the company has to distribute the excess among the shareholders and then it ceases to exist. In case you wish to know more on this you are advised to contact Enterslice.
Read our article: Managerial Remuneration of Managing and Whole-time Directors
India's financial sector is changing due to advancements in technology and new regulations. GIF...
The Indian startup ecosystem, which is the third-largest in the world, is expected to become a...
India's startup ecosystem has recently experienced a rapid rise as a global powerhouse. Several...
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced several changes to the...
Digitalization has widely transformed the insurance market in India. Traditional practices are...
Are you human?: 6 + 3 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Section 12 and 13 of the Companies Act, 2013 and Companies (Incorporation) Rules, 2014 states the law and procedure...
13 Sep, 2022
Share Certificate is a document issued by the company to their members who have purchased the shares. The name of t...
30 Dec, 2019