Winding up of a company
Posted Sep 22, 2021 | Hits: 1442
City:
Dubai
Location:
JLT Jumeirah Lake Towers
Winding up of a company is the process whereby its life is ended and its property administered for the benefit of its creditors and members. An administrator called a liquidator, is appointed and he takes control of the company, collects its debts and finally distributes any surplus among the members in accordance with their rights.
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