Menu
liquidation
what is the difference between liquidation and winding up?
Replies (2)
Winding up a company is most commonly used to describe the process of the insolvent liquidation of a company. ... Winding up a company: This deals with ending business affairs and terminating company obligations before liquidation. Liquidation: This deals with the sale of the company's assets once it has closed.
Liquidation refers to closer of company and the process for the same known as Winding- Up.
so obligations here refer to completing the duties of company under pending contracts and settlement of liabilities also comes under liquidation? am I right?
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
