Differentiate between Winding up and Dissolution of a company.

Question

23 Apr 2025

Answer :

Word Count : 316

Winding up and dissolution of a company are two related but distinct concepts under the Fundamentals of Management.

Winding up refers to the process of closing down a company's operations in an orderly manner. It involves selling off the company's assets, paying off liabilities, distributing any remaining assets among shareholders, and settling all financial obligations. Winding up can be initiated voluntarily by the ___ _________ ___ ______ _____ ____ ___ _________.
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