Voluntary Winding Up of Company
- Blog|Insolvency and Bankruptcy Code|
- 2 Min Read
- By Taxmann
- Last Updated on 25 June, 2021
Voluntary Winding Up Meaning:
Voluntary Winding takes place when a company becomes insolvent and is unable to discharge its liabilities. To carry out voluntary winding up of private limited company procedure, a winding up a meeting need to be called where a resolution is passed to carry out the winding up procedure of the company. The creditor’s winding up meeting should be held either of the days fixed for General meeting or on the very next day.
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