My name is shivam sinha this is for the testing purpose
11 Feb, 2023
When a Company thinks of dissolving or Winding up its assets, it ceases to do business and initiates to liquidate the assets. Where, its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to partners or shareholders in LLP and PLC.
Compulsory Winding Up of a Company-A company can be legally forced to wind up by a court order.
The following can be the reasons for the same:
Company's unpaid debts;
Voluntary Winding Up of a Company-A company's shareholders or partners may trigger a voluntary winding up, usually by the passage of a resolution.
The following can be the reasons for the same:
Fast Track Exit Scheme (FTE)-This kind of winding up is for striking off the name of Defunct companies from the register of companies.
The following can be the reasons for the same:
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My name is shivam sinha this is for the testing purpose
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