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Winding up of a Company
Compliance Services
Inside Winding up of a Company
Company Winding Up
Winding up is the legal process of liquidating company assets, paying debts, and formally dissolving the company.
Voluntary Winding Up
- Pass special resolution for winding up
- Directors declare ability to pay debts
- Conduct creditors meeting
- Appoint liquidator
- File notice with ROC within 10 days
- Prepare liquidator's accounts
- Hold final general meeting
- Apply to tribunal for dissolution order
Compulsory Winding Up
Tribunal orders winding up for reasons including:
- Unpaid debts
- Special resolution passed
- Unlawful acts or fraud
- Non-filing of returns for 5 consecutive years
Documents Required
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