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Winding Up Of Company

Winding Up Of Company

Winding up of a company under the companies Act 2013 becomes a legal mechanism in order to permanently shut down a company. The process involves the complete dissolution and is often surveyed by a liquidator or the administrator who takes responsibility to foresee the company’s assets. Winding up Of a Company Services in Hyderabad and Bengaluru.

Modes Of Winding Up Of A Company

The winding up of a company is the legal process of closing down a firm and ceasing all operations. Once the company winds up, the Company’s existence ends, and the assets are subject to supervision to ensure that the stakeholders’ interests are not jeopardized.

The procedure of Modes of Winding up of a company- Modes

According to Section 270 of the Companies Act, 2013, a company can be wind up in two ways. They are:

  • Compulsory Winding up of Company by Tribunal
  • Voluntary Winding up of Company

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