Company Winding up

Company Winding up

Company Winding up

Company winding up in India refers to the legal process of closing down a company, settling its debts, and distributing remaining assets. It can be voluntary (by shareholder resolution) or compulsory (through court order). A liquidator is appointed to manage the process, collect assets, and distribute funds to stakeholders. Winding up may occur due to financial difficulties, business failure, or objective completion. It ensures an orderly closure while protecting stakeholders' interests.