Meaning, Petition & Process - Winding Up Of A Company The process of setting up a business and winding up is a process of law. In the modern era, setting up business/ incorporation has been simplified by way of ease of doing business. In light of the Companies Act, 2013, winding up is a process of dissolving the legal existence of the company. In the practical scenario under the earlier Companies Act, winding up of a company takes years to complete and was a tedious process. This article covers the overview of the winding up and modes as prescribed under the Companies Act, 2013 and Insolvency & Bankruptcy Code, 2016. In this article we will discuss the Process of Winding up a Company in accordance with the syllabus of Setting up of Business Entities and Closure – SBEC CS EXECUTIVE. MEANING OF WINDING UP Winding up is the process by which the assets of the company are saved and the affairs of the company are wound up. Even during the process of winding up the company continue
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