Question

explain the procedure for winding up of company​

Answer 1

Answer:

The winding up or liquidation of a company is the process by which a company's assets are collected and sold in order to pay its debts. When the winding up has been completed, the company is formally dissolved and it ceases to exist.

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Answer 2

It goe along with the Statement of affairs within 30 days; The Tribunal shall appoint a Liquidator for the winding-up process; ... When ROC is fully satisfied, it approves winding up of the Company and strikes of its name from the Register of Companies; ROC sends a notice for publication in the Official Gazette of India.