Winding Up Of Company

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Winding Up Of Company

18999/- (inclusive of all taxes & fees)*

Important Points

  • - Winding Up Of Company in 3 to 4 Working Days
  • - Can be renewed even six months after expiry
  • - Free advice before payment

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Winding Up Of Company

Winding Up Of Company

Winding up of a company is defined as a process by which the life of a company is brought to an end and its property administered for the benefit of its members and creditors. In words of Professor Gower, “Winding up of a company is the process whereby its life is ended and its Property is administered for the benefit of its members & creditors. An Administrator, called a liquidator is appointed and he takes control of the company, collects its assets, pays its debts and finally distributes any surplus among the members in accordance with their rights.”

According to Halsburry's Laws of England, “Winding up is a proceeding by means of which the dissolution of a company is brought about & in the course of which its assets are collected and realised; and applied in payment of its debts; and when these are satisfied, the remaining amount is applied for returning to its members the sums which they have contributed to the company in accordance with Articles of the Company.” Winding up is a legal process.
Under the process, the life of the company is ended & its property is administered for the benefits of the members & creditors. A liquidator is appointed to realise the assets & properties of the company. After payments of the debts, is any surplus of assets is left out they will be distributed among the members according to their rights. Winding up does not necessarily mean that the company is insolvent. A perfectly solvent company may be wound up by the approval of members in a general meeting.

There are differences between winding up and dissolution. At the end of winding up, the company will have no assets or liabilities. When the affairs of a company are completely wound up, the dissolution of the company takes place. On dissolution, the company's name is struck off the register of the companies and its legal personality as a corporation comes to an end.

Further Kindly provide the below mentioned documents for the further proceeding of incorporation of Private Limited Company.
  • 1. List of Directors.
  • 2. Voter ID/ DL/ Passport of all Directors.
  • 3. Latest Bank Statements of all Directors.
  • 4. Photographs of all Directors.
  • 5.Unique Email ID and Phone No. of all directors.
  • 6. Share Capital Amount and Shareholding distribution of Directors.
  • 7. Latest Electricity Bill (not later than 2 months) for registered office of Company.
  • 8. PAN of all Directors.
  • 9. Company Mobile no. & Mail Id.