Question

what are the consequences of winding up of company by tribunal​

Answer 1

Answer:

The directors may still hold that title but they too lose all control. Once the liquidator takes over the directors can no longer exert any influence on the direction of the company. If the company needs to have a liquidator appointed it's because the business is insolvent and can't pay back creditors

Explanation:

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Answer 2

Answer:

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