Unit
i n il 05 :i Liquidation
e it ist & Winding
ti is
l l n i
it
upI of
I Companies
l i l i l e n
T1 15
Winding uprefers to the process wherethelifeof a to anend andits
companycomes
property is forthebenefitofthe membersandcreditors Forthis purpose an
administered
administrator or official liquidator is appointed to collect all theassets
payoffthedebt
anddistributeanyremaining profits or surplusamongthemembers according to their
rights Thisprocess iscalled as liquidation
Thevariousmodesofliquidation are
CompulsoryWindingUp windingupbyTribunal
Voluntarywindingup
WindingupthroughInsolvency Bankruptcy Code
If compulsorywindingUp windingupbyTribunal
TheNational CompanylawTribunal orderthe compulsory winding
may up of a company
on certainspecificgrounds
SpecialResolution
Noncompliancewith statutory requirements
Failureto
fileannualreturns
Conduct
isagainstsovereignity interest Nation
of
Fradulentactivities
Members belowstatutory requirement
inability topaydebts
Failuretocommence Suspension
ofbusiness
Just Equitablegrounds
Companyhaslostsubstratum
Company is a bubble
Deadlockin management
procedureinvolved in compulsory
ofandgroundsforaswellas
Explainthemeaning
up
winding
, iiiiiiigiiiiiiiiiinaa.rs
formedforfraudulent activities
requirements
forinvestigation
in substance a partnership
Whocan
file a petition
Company CentralG overnment
Creditors Registrar ROC
Contributaries Shareholders Officialliquidator
Procedure
forCompulsory WindingUp
FilingofPetition
Admission
ofPetition
HearingofPetition
Order
ofWindingup
Appointment
ofOfficialliquidator
i n il 05 :i Liquidation
e it ist & Winding
ti is
l l n i
it
upI of
I Companies
l i l i l e n
T1 15
Winding uprefers to the process wherethelifeof a to anend andits
companycomes
property is forthebenefitofthe membersandcreditors Forthis purpose an
administered
administrator or official liquidator is appointed to collect all theassets
payoffthedebt
anddistributeanyremaining profits or surplusamongthemembers according to their
rights Thisprocess iscalled as liquidation
Thevariousmodesofliquidation are
CompulsoryWindingUp windingupbyTribunal
Voluntarywindingup
WindingupthroughInsolvency Bankruptcy Code
If compulsorywindingUp windingupbyTribunal
TheNational CompanylawTribunal orderthe compulsory winding
may up of a company
on certainspecificgrounds
SpecialResolution
Noncompliancewith statutory requirements
Failureto
fileannualreturns
Conduct
isagainstsovereignity interest Nation
of
Fradulentactivities
Members belowstatutory requirement
inability topaydebts
Failuretocommence Suspension
ofbusiness
Just Equitablegrounds
Companyhaslostsubstratum
Company is a bubble
Deadlockin management
procedureinvolved in compulsory
ofandgroundsforaswellas
Explainthemeaning
up
winding
, iiiiiiigiiiiiiiiiinaa.rs
formedforfraudulent activities
requirements
forinvestigation
in substance a partnership
Whocan
file a petition
Company CentralG overnment
Creditors Registrar ROC
Contributaries Shareholders Officialliquidator
Procedure
forCompulsory WindingUp
FilingofPetition
Admission
ofPetition
HearingofPetition
Order
ofWindingup
Appointment
ofOfficialliquidator
