Winding Up Related Articles

Dec - 2024

16

C-PACE - Wind Up or Strike-Off a Company Quickly

C-PACE - Wind Up or Strike-Off a Company Quickly

C-PACE - Wind Up or Strike-Off a Company Quickly If you own a company that you no longer wish to continue, you may be thinking about officially closing it down. Properly winding up a company is an important step because it removes the company’s name from the government’s official list (the “MCA Reg ...

Jul - 2024

22

Modes of Winding up of a Company

Modes of Winding up of a Company

Modes of Winding up of a Company Going through the procedural aspects, it is always difficult to start a business; however, it is even more difficult to wind up the same. In simple terms, the winding up of a company is the process that includes selling all the assets, paying off creditors, and dist ...

Jan - 2023

21

Who pays the debts of an LLP?

Who pays the debts of an LLP?

Who pays the debts of an LLP? Limited Liability Partnerships (LLPs) are a famous business structure in India. They offer little liability protection to the partners and allow them to share profits and losses. However, when it comes to debt, who is responsible for paying debt? LLP is a legal entity ...

Jun - 2022

17

Difference between Winding up and Dissolution of Company

Difference between Winding up and Dissolution of Company

Difference between Winding up and Dissolution of Company Winding up and Dissolution of a Company are two separate steps in the process of closing a company. Winding Up is a process led by a liquidator under the Tribunal of laws where he settles and distributes the assets of the company amongst its ...

Jun - 2022

11

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 The Ministry of Corporate Affairs (MCA) vide a notification dated 9th June 2022 has issued the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022. The amendment ...

Mar - 2020

10

Companies Rules - Transfer of Pending Proceedings

Companies Rules - Transfer of Pending Proceedings

Companies Rules - Transfer of Pending Proceedings The Government of India (GoI) introduced the Companies (Transfer of Pending Proceeding) Rules which has been amended from time to time. The companies rules relating to the transfer of pending proceedings lighten the process of proceeding. The rules ...

Mar - 2019

06

Strike Off of Company

Strike Off of Company

Strike Off of Company The process of striking off is an alternative mechanism to the winding up of a company. The Companies Act facilitates two modes of strike-off – namely, strike off by the ROC (Registrar of Companies) under Section 248(1) of the Companies Act 2013, and strike off by a company on ...

Nov - 2018

23

Section 189 Dissolution of Partnership Firm

Section 189 Dissolution of Partnership Firm

Section 189 Dissolution of Partnership Firm A partner may dissolve a partnership firm at any time. When any business or profession carried on by a firm has been discontinued, or where a firm is dissolved, an Assessing Officer would assess the total income of the partnership firm as if no such disso ...

Jul - 2015

09

Private Limited Company Winding Up by Tribunal

Private Limited Company Winding Up by Tribunal

Private Limited Company Winding Up by Tribunal A private limited company can be wound up by a Tribunal or by the members of the company voluntarily. The procedure for voluntary winding up of a company by covered in another article. In this article we look at winding up of a private limited company ...

Mar - 2015

08

How to Close a LLP - Winding Up of LLP

How to Close a LLP - Winding Up of LLP

How to Close a LLP - Winding Up of LLP LLP or Limited Liability Partnership is a new form of business entity introduced in India through the LLP Act, 2008. LLP enjoys audit exemption, if the annual turnover of the LLP is less than Rs.40 lakhs and/or the capital contribution is less than Rs.25 lakhs ...

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