Bankrupt abc ltd co.

guys...pls reply...

Dear Pankaj,

A shareholder does have a right to participate in the assets of the company, which would be left over after winding up, but not in the assets as a whole.

Regards,

Veeral Gandhi

thnaks for your reply.

so it means we can pay by rest assets to all shareholders equally ?

Dear Pankaj,

In the case of winding up, after realizing all assets and paying of all liabilities, priority of the payment is normally as follows :

1. All taxes, cess, revenue dues to Central & State Govt.
2. Dues of the employees
3. Secured loans
4. Unsecured loans
5. To pay the surplus (if any) to the shareholders in proportion to the paid-up value of shares.

Regards,

Veeral Gandhi