Liquidation

Liquidation: Voluntary vs. Involuntary Differences

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Liquidation: Voluntary vs. Involuntary Differences

Full Question: What do you mean by liquidation? Mention any five differences between voluntary and involuntary liquidation of a company. Answer: Liquidation refers to the process of winding up a company’s affairs, including selling off its assets, settling debts, and distributing the remaining funds to the shareholders or owners. This process typically occurs when a … Read more

What do you mean by liquidation? Explain the process of voluntary liquidation according to the company act 2063 of Nepal.

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What do you mean by liquidation Explain the process of voluntary liquidation according to the company act 2063 of Nepal.

Liquidation is the process of closing a company and converting its assets into cash to pay off its debts. If there is any money left after paying the debts, it is distributed to the shareholders. Liquidation can occur due to the company’s inability to continue its business or when shareholders voluntarily decide to close it. … Read more