12 January 2010
Can a Private company be wound up without appointing a Liquidator
Previously there was a Scheme called "Simplified Exit Scheme" in 2005 And it was withdrawn on 31.07.2005 This Scheme is applicable to NBFC’s, Section 25 Companies, Collective Investment Management Companies and Government Companies. Now a Private Company wound up without appointing a Liquidator
12 January 2010
If the company has no assets and liabilities,ie defunct company, it can be wound up under section 560 of the Companies Act,1956 without appointing a liquidator.