Differentiate between Winding up and Dissolution of a compan

Question

Differentiate between Winding up and Dissolution of a company.

16 May 2025

Answer :

Word Count : 309

Winding up and dissolution are two distinct but interconnected stages in the termination of a company’s existence, each serving a different function in the process of closing a business as per the principles of business law and management.

Winding up refers to the process through which a company's business affairs are settled, its liabilities are paid off, and its assets are distributed among the shareholders. It marks the phase where a company ceases to carry out its _________ ______ _______ ________ __________ _____ ___ ________ _________ _________ __________ _________.
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