Few Questions related to winding up of a Pvt Ltd company:
a. What is the minimum % of shareholding required for a Pvt Ltd companys board to decide winding up the company?
b. If a shareholder with 10% shares objects to the Winding up of a company, can he prevent board from taking a winding up decision?
c. Is there a set procedure for winding up of a Pvt Ltd company?
d. For an operational company, how long does it take to windup? There are tax refunds to be got, assets to be sold etc - while all this is happening, more liabilities get created - so how does winding up work?
e. If the board decides to windup a company when all active directors resign, who is responsible for the liabilities and assets of the company?
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