Winding up of Company
Winding up of a company is
the stage , where by the company takes its last breath. It is a
process by which business of the company is wound up, and the company ceases to
exist anymore. All the assets of the company are sold, and the proceedings
collected are used to discharge the liabilities on a priority basis.
Modes of winding up :
There are three ways, in which a company may be wound up.
They are...
