Winding up need not result in dissolution in all cases. A company which is in winding up can be taken over or amalgamated by any other entity or company which will result in the company coming out of winding up process and being handed over to the shareholders. ...
Learn how to wind up your company with Enterslice. Understand the process and required documents. Contact us today!
Winding Up of a Company: Comparative Analysis of UK, USA and EU 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 st... Y Almuhaidb - 《Jadara Journal of Research & Studies》 被引量...
Companies Act2013A company comes into existence by a legal process and when it desires to end its existence it must again go through the legal process of winding up of its affairs. Keeping in mind the foregoing contention, there are established laws available in India on various modes of ...
Define Winding-Up. dissolution", "insolvency", or "reorganization" in the context of a company or corporation shall have the same meaning as defined in the Companies Act, 1956/ Companies Act, 2013 (as the case may be).
Under s.124(1) IRDA, the creditor, amongst others, are entitled to present a winding-up petition. By far the vast majority of winding up applications are made by creditors seeking to enforce the payment of undisputed debts. However a creditor whose debt is disputed by the company bona fide...
For this reason there are provision for winding up of the banking company under The Banking (Regulation) Act, 1949. The provision from sec. 38 to 44 deals with the winding up procedure for banking company. There are certain procedures after following that, bank can wind up, this are almost...
rotary motion, rotation - the act of rotating as if on an axis; "the rotation of the dancer kept time with the music" Adj. 1. winding - marked by repeated turns and bends; "a tortuous road up the mountain"; "winding roads are full of surprises"; "had to steer the car down a tw...
Liquidation Under the Supervision of the Court During a voluntary liquidation, Cayman Islands law provides for the protection of the potential economic interests of creditors. The court can impose its supervision on the voluntary winding-up of the company. In this manner, the court protects the int...
This is one of a number of grounds set out in section 122 (1) of the Act, which enables the court to wind up a company. The procedure under section 124 (1) of the Act for winding up requires the service by a creditor of a petition for winding up to the High Court. 展开 年份...