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
Recovery of Shares
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
Non-banking finance companies (NBFCs) play a very important role in the Indian financial system...
Sweden is a country in Europe and has been a member of the European Union (EU) since 1995. The...
Gold loans are among the most popular loan types, particularly in rural India. Millions of peop...
The Reserve Bank of India (RBI) has recently issued new guidelines aimed at reducing unfair cha...
Corporate tax plays an important role in selecting the ideal location for setting up a business...
Are you human?: 4 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The concept of Oppression and mismanagement helps corporate democracy find its roots. The term ‘oppression’ is...
10 Dec, 2019
An Individual who is Director of the Company or the designated partner of LLP is required to have a Director Identi...
31 Aug, 2019