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Glossary / Also known as

Company winding up

Another name for Liquidation.

Other names
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What does company winding up mean?

Company winding up is another name for Liquidation. The process of winding up a company, converting its assets to cash, paying creditors, and distributing residual assets to shareholders.

The two names mean the same thing. You will see "company winding up" in some ledgers, reports and contracts and "Liquidation" in others. The full entry covers how it works, with examples.

Read the full definition of Liquidation

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From the glossary

Related terms.

Company law and governance Liquidation The process of winding up a company, converting its assets to cash, paying creditors, and distributing residual assets to shareholders. Also called winding up, company winding up Company law and governance Companies Act, 2013 The primary legislation governing the incorporation, management, and dissolution of companies in India. Also called Companies Act 2013, the Companies Act Company law and governance Dormant Company An inactive company registered under the Companies Act with minimal compliance obligations while it holds assets or awaits future use. Also called inactive company, section 455 company Documents and contracts Due Diligence (DD) A comprehensive investigation and analysis of a business conducted before an investment, acquisition, or strategic partnership. Also called financial due diligence, legal due diligence Statutory compliance Annual Compliance Yearly regulatory filings and statutory obligations that companies must complete to remain in good standing. Also called annual compliances, yearly compliance Company law and governance Annual General Meeting (AGM) An Annual General Meeting (AGM) is a mandatory yearly meeting of a company's shareholders required under Section 96 of the Companies Act, 2013 to transact ordinary business. Also called annual shareholders meeting
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