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When was Diana Motors Company created?
Diana Motors Company was created in 1925.
When was Indus Motors Company created?
Indus Motors Company was created in 1990.
When was Continental Motors Company created?
Continental Motors Company was created in 1905.
When was Menasco Motors Company created?
Menasco Motors Company was created in 1928.
When was Liquidation Channel created?
Liquidation Channel was created in 2008.
What are the types of liquidation?
In the UK there are 3 types of liquidation; 1. Compulsory liquidation where the company is wound up by the court, usually at the instigation of a creditor. 2. Creditors voluntary liquidation (CVL) when a company is insolvent, this process is instigated by the directors of the company. 3. Members voluntary liquidation (MVL) is a solvent liquidation, basically all creditors are paid in full and there is a return to shareholders.
What does Company status Liquidation mean?
Company status "Liquidation" refers to the process of winding up a company's affairs, where its assets are sold off to pay creditors before the company is officially dissolved. This usually occurs when a company is unable to meet its financial obligations or is insolvent. Liquidation can be voluntary, initiated by the company's shareholders, or involuntary, initiated by creditors through a court order. Once the liquidation process is complete, the company ceases to exist as a legal entity.
What is a liquidation notice?
If this question has been asked in relation to the Indian laws than a liquidation notice means in orders issued under the Indian companies act 1956 seeking the liquidation of the company on account ofseveral reasons including Default in payment by the company. did notice is for a period of 21 days and if the company fails to show cause or make payment, then the issuer of the notice can seek liquidation of the company.
What happens to a convertible debenture after liquidation of a company?
Its worthless.
Who owns General Motors now?
GM is owned by:United States Department of the Treasury (61%)United Auto Workers Union Voluntary Employee Beneficiary Association (17.5%)Canada Development Investment Corporation (7.9%)Government of Ontario (3.8%)Bond holders of Motors Liquidation Company (9.8%)
What is the different between bankruptcy and liquidation?
The main difference is laid in the cause of each situations. In bankruptcy, the major reason is that the company is unable to pay its debt at maturity so that the creditors petition for bankruptcy in order to recoup their debt. In liquidation or wind-up, it means that the company was brought to termination. The are many grounds for liquidation, such as the company unable to pay its debt (compulsory liquidation) or its member agree to terminate its activities ( voluntary liquidation).Please Note:There is also a difference between "Winding-up" and "Liquidation".Winding-up:It is a process / procedure by which assets of the company are realized and liabilities are settled. It may take several months. A liquidator is appointed to do all these activities. In essence, liquidator is the full in-charge of the company's affairs. The company still exists with its legal status as a company, but it cannot conduct its business (except required for beneficial winding-up of affairs).Liquidation / Dissolution:When all the assets of the company are completely realized and all liabilities are completely settled, and affair of the company are fully wound up, the company is liquidated. This is the end of the company's life. After liquidation, the company dies; it has no legal existence, no assets, no liabilities, no management, and nothing else. In pure legal terms, this is called "Dissolution"."Liquidation" is also used, alternatively, when a company becomes unable to pay its debts. Then, it is said that the company is liquidated.
Where is Certia Motors located?
There is no such company as Certia Motors. There is, however, a company called Cerita Motors. It is a company that specializes in manufacturing luxury buses in India.
