Business Law 5 min read
Members’ Voluntary Winding Up
This type of winding up is carried out when the company is solvent and is able to pay its liabilities…
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Voluntary Winding Up
A company may be wound up voluntarily under the following circumstances − ● An ordinary resolution is passed in the general…
Business Law 1 min read
Procedure for Winding Up of a Company
● A special resolution must be passed in the company in the context of winding up and the consent of 3/4th…
Business Law 3 min read
Winding Up of the Company by Tribunal
When a resolution for the winding up of a company is passed inside the company, the court may make an…
Business Law 2 min read
Circumstances in which a Company May Be Wound Up
A company may be wound up by a tribunal where the petition has been filed under the following circumstances −…
Business Law 2 min read
Consequences of Winding Up
The most important consequences of the winding up of a company are as follows − As Regards the Company Itself…
Business Law 4 min read
Classification of Companies
All the companies must be registered under the Companies Act. A certificate of incorporation must be issued by the registrar…
Business Law 2 min read
Compulsory Winding Up
Compulsory winding up takes place when a creditor of an insolvent company asks the court for a wind up. If…
Business Law 2 min read
Powers of a Liquidator
An administrator, usually denoted as a liquidator, is appointed in the context of liquefaction or winding up of a company.…
Business Law 4 min read
Business Law – Winding Up of a Company
Winding up of a company is defined as the condition when the life of the company is brought to an…
Business Law 3 min read
Removal of Directors
The removal of a director before the expiry of his term in the office can be done by passing an…
Business Law 3 min read
Qualifications of Directors
The Companies Act does not provide any qualifications for the directors. However, specific qualifications can be stipulated in the articles…