Winding up a company

It is quite possible that a foreign company can be wound up as an unregistered company. This happens if the company does not carry on business in India any more or also in cases where the corporate body for the same tends to get dissolved or if the same stops altogether in existence in accordance with the law under which it had been initially incorporated. The Act states the detailed provisions with respect to the winding up of a company and also prescribes the winding up modes. The said modes can be either by the court or under its supervision. In addition to that, there is also a provision of voluntary winding up.

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