Company liquidation is end of to the life of Company. It is a process by which corporate assets are sale and converted in to cash and distribute among creditors and shareholders according specic rule. Winding of company is the process where by its life ended, Its property administerd for the benefit of its creditors and shareholders. Administor is called Liquidator. Liquidator appointed for company liquidation prescribe law. He talk control of the company , its assets pay its debtors and finally distribute any surpluse among the shareholders according to their right . Liquidation is the process by which a company is brought to an end and assets and property of the company redistribute . liquidation is also some time refors to as winding up or dissollution.
Voluntory liquidation company can itself appoint liquidator pass the resolution, than company generally cease to cary business at the time. Liquidator take administration for winding up of company. Finally liquidator call final meeting of shareholders pass the resolution and send final report of orditor and liquidators to the OCR . The company is than dissolved.
Record of OCR more than 60 persent companies are not up to date. Fine is increase every month. If you want to know more information company Liquidation and servises Please contact our office or email us at email@example.com we are support you getting an appropriate outcome. we ready professional assist you.