difference between liquidation , winding up & dissolution

This query is : Resolved 

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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