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"For a business, a winding up petition is about the same as a bankruptcy. The more common term for a winding up petition is liquidation; that is, a company is forced to end."

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What is the winding up petition?

A winding up petition is a legal document used in England to initiate the process of closing a business down. These petitions are used by people or companies owed a significiant amount of money by a business as a tool to recover debts that are seriously past due.


When did vehicle and General insurance fail?

The Vehicle & General applied for a winding up petition on 1st march 1971.


Is winding someone up bullying them?

If it happens over and over it is bullying.


Modes of winding up of company?

there are three modes of winding up of a company:- 1. winding up by the court i.e., compulsory winding up(sec433 to 483) 2. voluntary winding up (sec. 484 to 521). this may be- (a) members voluntary winding up. (b) creditors voluntary winding up. 3. winding up subject to supervision of court.


Benefits of winding up of a company?

benefit of winding up


Winding up of a joint stock company?

it means to liquidation the company that we can do it by three methods winding up by court voluntary winding up and winding up subject to supervition of the court


When was You Winding Me Up created?

You Winding Me Up was created on 2010-12-08.


What is LV winding of a transformer?

For a step-down transformer, its secondary winding will be the LV winding. For a step-up transformer, its primary winding will be its LV winding.


What are different ways of winding up companies?

Winding up also refers to liquidation


What are dangers of being affiliated in a gang?

Winding up in the system, winding up dead.


What do you mean by compulsory winding up of a company?

What do you understand by "compulsory" and "voluntary" winding up of a company


What is winding and rewinding?

Winding: To wind the coils into the slots on the stator or rotor and connecting them up to form a winding. Re-winding. Is to remove the old winding and doing what I explained above.