Question

Describe briefly the various methods of winding up of a company.​

Answer 1

Methods of Winding Up of a Company

Particulars Members' voluntary winding up

Declaration of solvency by directors Is the demarcating line between members' and creditors' voluntary winding up [sec 488 (5)], hence required

Meeting of creditors Not required

Appointment of liquidator By the members [sec 490]

Answer 2

Answer:

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