"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."
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.
The Vehicle & General applied for a winding up petition on 1st march 1971.
If it happens over and over it is bullying.
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.
benefit of winding up
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
You Winding Me Up was created on 2010-12-08.
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.
Winding up also refers to liquidation
Winding up in the system, winding up dead.
What do you understand by "compulsory" and "voluntary" winding up of a company
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.