Company Winding Up

A corporation must sell all of its assets during the winding-up process in order to pay its debts. Tasks including maintaining assets, realising them, paying off obligations, and distributing any surplus to creditors happen under the Companies Act of 2013.

Liquidation is a complex legal process that needs expert legal advice to be compliant with the law. It involves steps including asset assessment, creditor resolutions, and surplus distribution. In some situations, court orders might make a divorce more difficult. It takes specialised expertise to navigate these difficulties, emphasising the necessity for professional legal assistance to ensure accurate compliance and a seamless execution of the process.

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Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
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There are two types of winding up

  • Voluntary Winding-up:- When the shareholders decide to close or dissolve the company by striking it off the companies house.

  • Compulsory Winding-up:- When forced to wound up the company by an unsatisfied creditor. The company is given the notice to pay debts within a 7-day period. If the case goes in favour of the creditor, the company is forced by the court to liquidate its assets and wind up.

  • The world is facing a real crisis now while dealing with the Covid-19 pandemic. During this time, legal issues will be an additional hassle for the owners. However, you can rest assured. Sujata Associates has a dedicated team of professionals who can deal with your business legalities even during this pandemic. Our simple, easy, and budget-friendly online services are available 24/7. Company Winding-up in Kolkata is now just a click away.