vijay dilip somase @ kopargaon 8888577394

1. Prepared by –
Vijay Somase
Under The Guidance Of-
Mahale .S. Sir

2. LIQUIDATION

3. COMPULSORY WINDING UP
VOLUNTARY WINDING UP
WINDING UP SUBJECT TO
SUPERVISION OF COURT
MODES OF WINDING UP

4. COMPULSORY WINDING UP
 Passing of special resolution for the winding up
 Holding statutory meeting
 Failure to commence business
 Reduction in membership
 Inability to pay debts

5. VOLUNTARY WINDING UP
Ordinary
resolution
Special
resolution
Members
voluntary
winding up
Creditors
voluntary
winding up

6. MEMBERS VOLUNTARY WINDING UP
• Falling of special resolution
• Appointment of liquidator
• End of right of directors
• General meeting every year
• Final meeting

7. CREDITORS VOLUNTARY WINDING UP
 Meeting of creditors
 Appointment of liquidator
 Inspection committee
 Meeting of members and creditors
 Final meeting

8. WINDING UP SUBJECT TO
SUPERVISION OF COURT
 Fraud in company
 Harmful product of company
 Inability to pay debts & etc

9. PRIORITY OR ORDER OF PAYMENT
1.Legal charges
2.Liquidators remuneration
3.Liquidation expenses
4.Preferential creditors
5.Debentures holders
6.Unsecured creditors
7.Preference shareholders
8.Equity shareholders

10. THANK
YOU