Tag: Companies (Winding Up) Rules 2020
February 19, 2020
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Summary Procedure for Liquidation: Companies Act, 2013
According to Professor Gower, "Winding up of a company is the process whereby its life is ended and its property is administered for the benefit of its members & creditors. An administrator, called liquidator is appointed and he takes control of the company, collects its assets, pays its debts and finally distributes any surplus among the members in accordance with their rights....