Windind Up Of A Company

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Written by:

Todd W


Date added:

March 18, 2015








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4 / 891


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They are : a. Winding up by the court. b. Voluntary winding up, o Members Voluntary winding up. o Creditiors Voluntary winding up. c) Winding up subject to supervision of the court A. WINDING UP BY THE COURT: A company may be wound up by the court in following situations. Here, the court means "High Court"...
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Here, the court means "High Court". i. If the company itself, has passed a special resolution in the general meeting to wound up its affairs. Special resolution means, resolution passed by three-fourth (3/4") of the members present. ii. If there is a default, in holding the statutory meeting or in delivering the statutory report to the Registrar...
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