Winding up of private limited company
WINDING UP OF PRIVATE LIMITED COMPANY BRIEF INTRODUCTION Liquidation is basically a process, being initiated by a corporation, in order to shut their operations. The corporate entity may plan to wind up because of various reasons like unwillingness to continue with the operations, insolvency and so on. As the term suggests, liquidation of a corporation refers to liquidating the assets of the corporate entity. By initiating the liquidation process, the corporate entity may sell its assets to satisfy obligations …