A report on procedure of winding up partnership firm conclusion
Asked by admin @ in English viewed by 350 People
A report on procedure of winding up partnership firm case study
Asked by admin @ in English viewed by 350 People
A report on procedure of winding up partnership firm case study
Answered by admin @
1) One has to submit a declaration to Registrar of companies, stating that the company will pay its dues and liquidation is not defraud any person.
2) Within four weeks of such declaration, the special resolution has to be passed for approval of the proposal of voluntary liquidation and appointment of the liquidator.
3) Within five days of such approval, the public announcement in newspaper and website of the company has to be made for inviting claims of stakeholders.
4) Within seven days of approval, intimation should be given to ROC and broad.
5) Submission of a preliminary report containing capital structure, estimates of assets and liabilities, proposed plan of action within 45 days to a corporate person.
6) Verification of claims within 30 days and preparation of a list of stakeholders within 45 days from the last date of receipt of claims.
7) For the receipt of money due to corporate person, a bank account needs to be open in the name
Of the corporate person having words `inventory liquidation’ after its name.
8) Sale of asserts and recovery of dues money, uncalled capital is realized.
9) The proceeds from realization to be distributed within six months from receipt of the amount to the stakeholders.
10) The final report by the liquidator has to be submitted to the corporate person, ROC, the board, and application to NCLT(National company law Tribunal).
11) The order of NCLT regarding dissolution to be submitted within 14 days of receipt of order.
To learn more:
ii)brainly.in/question/5936411
Asked by admin @ in Hindi viewed by 273 persons
Asked by maham237 @ in English viewed by 275 persons
Asked by admin @ in Business Studies viewed by 382 persons
Asked by admin @ in Business Studies viewed by 309 persons
Asked by admin @ in Accountancy viewed by 490 persons
Asked by admin @ in Business Studies viewed by 315 persons
Asked by admin @ in Business viewed by 310 persons
Asked by admin @ in Accountancy viewed by 579 persons
Asked by wiki @ in Health viewed by 1248 persons
Asked by wiki @ in Social Studies viewed by 718 persons
Asked by vanshika149 @ in English viewed by 1109 persons
Asked by rajesh064 @ in English viewed by 1269 persons
Asked by jaylord7 @ in Mathematics viewed by 1065 persons
Asked by jesus643 @ in History viewed by 1359 persons
Asked by admin @ in English viewed by 38954 persons
Asked by admin @ in English viewed by 31490 persons
Asked by admin @ in English viewed by 26497 persons
Asked by admin @ in English viewed by 24965 persons
Asked by admin @ in English viewed by 22137 persons
Asked by admin @ in English viewed by 20315 persons
Asked by admin @ in English viewed by 20027 persons
Asked by admin @ in English viewed by 19818 persons
Asked by admin @ in English viewed by 19800 persons
Asked by admin @ in English viewed by 16594 persons
Asked by admin @ in English viewed by 14046 persons