What is the purpose of winding up a company? What is winding up of company and its modes? Winding up is the process of dissolving a company. While winding up, a company ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to partners or shareholders. Do you know that by winding up, the life of a company comes to an end? Do you know that there are three ways of winding up by the company? The three modes of winding up are Winding up by the National Company Law Tribunal, voluntary winding up under Section 59 of the Code and the Fast Track Exit. How does a company choose its mode of winding up? What happens if you never close your business? If you don't officially close the company, they'll still bill you, possibly with late fees. Don’t you want to know further about the modes of winding up of a company? Let’s get to know more about the subject with the help of the presentation. Please refer.

Vaisakh JP

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