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Winding up of the Company : Company Act 2013

Types of Liquidation :-

Meaning: Since we believe in Going Concern Assumption, as we want our business , to flourish more & more, but at some point of time due to several reasons one has to Close down his business and that stage is known as winding up of a company. it is the last stage of company in which its existence for past several years is dissolved and all its assets are used to pay off…