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Voluntary Winding Up
A company may be wound up voluntarily under the following circumstances − ● An ordinary resolution…
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Procedure for Winding Up of a Company
● A special resolution must be passed in the company in the context of winding up…
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Winding Up of the Company by Tribunal
When a resolution for the winding up of a company is passed inside the company,…
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Circumstances in which a Company May Be Wound Up
A company may be wound up by a tribunal where the petition has been filed…
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Consequences of Winding Up
The most important consequences of the winding up of a company are as follows −…
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Compulsory Winding Up
Compulsory winding up takes place when a creditor of an insolvent company asks the court…
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Powers of a Liquidator
An administrator, usually denoted as a liquidator, is appointed in the context of liquefaction or…
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Business Law – Winding Up of a Company
Winding up of a company is defined as the condition when the life of the…
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Removal of Directors
The removal of a director before the expiry of his term in the office can…
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Qualifications of Directors
The Companies Act does not provide any qualifications for the directors. However, specific qualifications can…