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Difference between name removal and winding up

What is the difference Between removal of the name of company from Registrar and winding up of the company

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Gauri Shete

Gauri Shete

CA Inter

1K+

05-Apr-21 07:55

41

Answers (1)

Best Answer

Removal of name is a quick process and followed when company has very little liabilities / not commenced business / is a defunct company. Winding up is more detailed process and followed when there are liabilities, business commenced.


Sahibdeep Singh

Sahibdeep Singh

Moderator

05-Apr-21 11:08

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