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difference between liquidation , winding up & dissolution (LAW)

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This query is : Resolved

( Author )
12 October 2010

difference between liquidation , winding up & dissolution??

CMA. CS. Sanjay Gupta

( Expert )
12 October 2010

All of those terms refer to the final ending of a business. Liquidation is the sale of all the assets of the business or converting the remaining fixed assets and inventory into cash. Dissolution refers to ending the corporation. Winding up is a more broad term and refers to both liquidation and dissolution.



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