Tuesday, February 21, 2017

Winding up of a Private Limited Company under Companies Act, 2013

Winding up of a Private Limited Company under Companies Act, 2013
Liquidation is the process where a firm's assets and liabilities are terminated, realized and subsequently distributed. In many cases, the firm ceases to exist. Members of the firm sometimes voluntarily initiate the liquidation process. Other times it is compelled by a creditor's petition to the courts for failure to uphold contractual payments.
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