Winding up of a Company is defined as a process by which the life of a company is brought to an end and its property administered for the benefit of its members and creditors. An administrator called the liquidator is appointed and he takes control of the company, collects its assets, pays debts and finally distributes any surplus among the members in accordance with their rights. At the end of winding up, the company will have no assets or liabilities. When the affairs of a Company are completely wound up, the dissolution of the company takes place.On dissolution, the company’s name is struck off the register of companies and its legal personality as a corporation comes to an end.
Here is an interesting quiz to check your knowledge.
0 of 10 questions completed
Take This Challenge !
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 10 questions answered correctly
Time has elapsed
You have reached 0 of 0 points, (0)
Thanks for participating!
See you soon!
- Question 1 of 10
1. Question1 points
The first syenthetic fibre made by man wasCorrectIncorrect
- Question 2 of 10
2. Question1 points
Which of the following fibres is least prone toCorrectIncorrect
- Question 3 of 10
3. Question1 points
Which of the following fertilisers leaves acidic residue ?CorrectIncorrect
- Question 4 of 10
4. Question1 points
Which variety of glass is heat resistance ?CorrectIncorrect
- Question 5 of 10
5. Question1 points
Which of the following is used in making artificial sweetener saccharin ?CorrectIncorrect
- Question 6 of 10
6. Question1 points
Which of the following is used as a filler in rubber tyres ?CorrectIncorrect
- Question 7 of 10
7. Question1 points
In vulcanisation, natural rubber is heated withCorrectIncorrect
- Question 8 of 10
8. Question1 points
Which is/are the important raw material(S) required in cement industry ?CorrectIncorrect
- Question 9 of 10
9. Question1 points
Wood is the main raw materials for the manufacture ofCorrectIncorrect
- Question 10 of 10
10. Question1 points
Epoxy resins are used asCorrectIncorrect