Winding up is the process of liquidating a company. A company that winds up ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to its partners orshareholders. The term winding up is synonymous withliquidation, which ...
(1)Arbitrary Dissolution:Initiated based on the articles of association or shareholder meeting resolutions, requiring approval by over two-thirds of voting shareholders. Article 230 of the new Company Law permits companies dissolved via these means, yet to distribute assets, to continue operations by ...
winding-up of company是什么意思,winding-up of company的解释:法 解散公司, 公司清理...,winding-up of company中英例句,英汉词典。
Companies across the globe are often started and, at the end of their operations, undergo a legal process identified as winding up. The legal process of starting a business or company differs greatly from the ending or winding-up process. Some common practices identified ...
company's bottom line. The parent company may decide to wind up such a business if efforts to find a buyer for it are unsuccessful. The winding up process in this case is likely to be more orderly, and have much less of a negative impact on the economy, than a corporate winding up....
As advised by the Administration, section 228A deals with emergency situations where the directors can initiate voluntary winding-up of a company by a speedy process of statutory declaration. legco.gov.hk 據政府當局表示,條例第 228A 條涉及董 事在緊急情況㆘,可透過作出法定聲明,迅速安排公司自動清...
aOnce registered the company’s existence continues regardless of any changes in membership. 一旦登记公司的存在会员资格继续不管其中任一改变。[translate] aFather and son 父亲和儿子[translate] aOnly winding-up proceedings can bring the company to an end. 仅终结行动可能给末端带来公司。[translate]...
The winding up process is a legal process. It is regulated by a series of corporate laws as well as what’s known as a company’s ‘articles of association’ or a partnership agreement. Winding up can either be voluntary or compulsory, and it can apply to both privately held and publicly...
(3) Grounds for winding up by the court (a) General Section 125 IRDA sets out a number of grounds on which the court may make a winding up order. The ground commonly relied on by the creditor is that ‘the company is unable to pay its debts.’ (b) Winding up on the ground of ...
Meaning of "the Court"3. Companies Act sections 101 and 102 replaced by these rules4. Liability of partners on winding up5. Liability of contributories6. Death of insolvent contributory7. Winding up by the Court8. Partnership unable to pay its debts9. Petition for winding up10. Dis...