Winding Up and Dissolution of Companies

What is winding up in the context of a company?

What happens to a company's name upon dissolution?

What are the two ways a company may be wound up?

What is compulsory winding up?

What grounds can lead to compulsory winding up of a company?

What does it mean if a company is unable to pay its debts?

What are just and equitable grounds for winding up a company?

What is the significance of a special resolution in winding up?

What is the role of the Tribunal in the winding up process?

Who may file petition for the winding up of a company?

• Any creditor or creditors

• All or any of the parties specified above

• Any contributory or contributories

• The company

• The Registrar