Striking Off and Winding up of the Company

we are providing Striking Off and Winding up of the Company services from Delhi. The process of striking off and winding up may either be done voluntarily by a company or can be started under the procedure of law, with no application by the organization. Striking off can be opted by the companies which are not carrying any business since last one year. It is an easier way to bring an end to the company. During the process of winding up, the assets of the company are used to pay off the creditors, shareholders and other liabilities. It may be required due to a number of reasons including the closure of business, loss, bankruptcy, passing away from promoters, etc.

Striking off a name of the organization from the Registration of Companies is one of the techniques for finishing the presence of the organization. Area 560 of Companies Act 1956 endorses the law and technique for striking off the names of old organizations which are not continuing any business. Twisting up is the technique for closure, or dissolving, a business. The twisting up movement incorporates offering all advantages, satisfying loan bosses, and appropriating remaining resources for the accomplices or investors.

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