Company Windup in Kolkata

The process of dissolving a corporation, known as winding up, involves selling all company assets to meet its obligations. Under the Companies Act of 2013, tasks like managing assets, realizing them, settling debts, and distributing any surplus to creditors occur.


Liquidation is legally intricate, demanding skilled legal guidance to comply with laws. It includes stages like asset evaluation, creditor settlements, and surplus allocation. Court orders can complicate dissolution in some cases. Navigating these complexities requires specialized proficiency, highlighting the need for expert legal aid to ensure precise compliance and a smooth execution of the procedure.


Company Windup in Kolkata

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There are two types of winding up

  • Voluntary Winding-up:- When the shareholders decide to close or dissolve the company by striking it off the companies house.

  • Compulsory Winding-up:- When forced to wound up the company by an unsatisfied creditor. The company is given the notice to pay debts within a 7-day period. If the case goes in favour of the creditor, the company is forced by the court to liquidate its assets and wind up.

  • The world is facing a real crisis now while dealing with the Covid-19 pandemic. During this time, legal issues will be an additional hassle for the owners. However, you can rest assured. Sujata Associates has a dedicated team of professionals who can deal with your business legalities even during this pandemic. Our simple, easy, and budget-friendly online services are available 24/7. Company Winding-up in Kolkata is now just a click away.