WebSection 125 IRDA sets out a number of grounds on which the court may make a winding up order. The ground commonly relied on by the creditor is that ‘the company is unable to pay its debts.’. (b) Winding up on the ground of insolvency. There are different ways by which this ground may be established. It is useful to view them as falling ... WebApr 4, 2024 · 22. (a) Mention two types of voluntary winding-up. (b) Explain the grounds for compulsory winding-up of a company. 23. Explain the powers and duties of Auditors under the Companies Act, 2013. 24. Briefly discuss the rights and obligations of depositories. 25.
Winding up of Company under Company Law - Law Times Journal
WebJul 1, 2024 · In a compulsory winding-up, the court can wind up a company on a number of grounds under the Companies Act. The most common ground is the company's inability to pay its debts, where a creditor initiates the process by … WebMar 31, 2024 · Compulsory liquidation (or winding up) is a court-based procedure under which the assets of a company are realised and distributed to the company's creditors. The procedure is started by the filing (or "presenting") of a petition at court. A judge then … grimm\u0027s hollow wiki
Liquidation under the Companies Act 2016: Overview …
WebPPT - WINDING UP OF COMPANY PowerPoint Presentation, free download - ID:2449455 Free photo gallery ... Grounds for compulsory winding up of a company by api.3m.com . Example; SlideServe. PPT - WINDING UP OF COMPANY PowerPoint Presentation, free download - ID:2449455 SlideServe. PPT - Winding up of companies PowerPoint … WebMay 16, 2024 · When the company is ordered to be wound up by the Court or Tribunal, it is referred to as compulsory winding up of a company. If the company goes into liquidation, the court of law appoints a liquidator to complete the process of liquidation. Section 270 of the Companies Act, 2013 deals with winding up by the Tribunal. WebApr 11, 2024 · Winding up refers to closing the operations of a business, selling off assets, paying off creditors, and distributing any remaining assets to the owners. Once the … fifties kitchen accessories