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1 Winding Up Definition - Investopedia
https://www.investopedia.com/terms/w/windingup.asp
Winding up is the process of dissolving a business by liquidating stock, paying off creditors, and distributing any remaining shareholder assets.
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2 Winding up - definition and meaning - Market Business News
https://marketbusinessnews.com/financial-glossary/winding-up-definition-meaning/
Winding up is a way of dissolving a company or partnership by selling off all its assets, collecting any outstanding income, making sure that creditors are paid ...
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3 What Does Winding Up Mean? | ZenBusiness Inc.
https://www.zenbusiness.com/winding-up-definition/
Winding up is one step in dissolution, where the owners work to “wind up” the business operations. During winding up, the owners publicly announce the closing ...
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4 Winding up | Wex | US Law | LII / Legal Information Institute
https://www.law.cornell.edu/wex/winding_up
Definition. The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.
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5 Winding-up Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/winding-up
The meaning of WINDING-UP is the process of liquidating the assets of a partnership or corporation in order to pay creditors and make distributions to ...
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6 Winding Up: Definition & Meaning - FreshBooks
https://www.freshbooks.com/glossary/financial/winding-up
Winding up is the process of shutting down a company or business. Read on to find out more about this method.
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7 WINDING UP | definition in the Cambridge English Dictionary
https://dictionary.cambridge.org/us/dictionary/english/winding-up
the process of closing a business that is not successful and has debts that it cannot manage: The most common ground for a winding up by the court is a ...
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8 Winding up - Practical Law Canada
https://ca.practicallaw.thomsonreuters.com/w-006-4196?transitionType=Default&contextData=(sc.Default)
A type of external administration (also referred to as liquidation) in which a liquidator is appointed to a company to take control of the company and its ...
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9 Winding-Up Definition: 1k Samples - Law Insider
https://www.lawinsider.com/dictionary/winding-up
Winding-Up means the period triggered by dissolution during which the limited liability company ceases to carry on business, except to the extent necessary for ...
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10 Winding up a Company: Process and Time-frame - AABRS
https://www.aabrs.com/services/advice/what-is-process-timeframe-wind-up-company/
Winding up is a synonym for closing, but usually meaning closing as the result of insolvency. So to 'wind up' a company means to follow legal ...
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11 Wind Up - Legal Dictionary
https://legal-dictionary.thefreedictionary.com/Wind+Up
The dissolution of a corporation or a partnership culminates in the wind up of all legal and financial affairs of the business. State statutes govern the ...
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12 Business Law - Winding Up of a Company - Tutorialspoint
https://www.tutorialspoint.com/business_law/business_law_winding_up_company.htm
Winding up of a company is defined as the condition when the life of the company is brought to an end. The properties of the company are administered for ...
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13 BUSINESS ORGANIZATIONS CODE CHAPTER 11. WINDING ...
https://statutes.capitol.texas.gov/Docs/BO/htm/BO.11.htm
(8) "Winding up" means the process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.
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14 A. What kind of companies can be wound-up?
https://www.clic.org.hk/en/topics/bankruptcy_IndividualVoluntaryArrangement_Companies_Winding_up/companies_Winding_up/What_kind_of_companies_can_be_wound_up
Only a limited company can be wound-up. The term “winding-up” (or “wound-up”) bears a similar meaning of “liquidation”. It generally means that ...
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15 Winding-up of a Company - GovHK
https://www.gov.hk/en/business/supportenterprises/businesstopics/windingup.htm
The term “winding-up” (or “wound-up”) bears a similar meaning of “liquidation”. It generally means that all the assets of the company would be realised ...
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16 Company winding up - Singapore Courts
https://www.judiciary.gov.sg/civil/company-winding-up
Winding up (or liquidation) is the process by which a company's assets are collected and sold to pay off its debts. Any monies remaining after all debts, ...
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17 Winding Up of a Company - Legal Services India
http://www.legalservicesindia.com/article/1319/Winding-Up-of-a-Company.html
Winding up of a company is defined as a process by which the life of a company is brought to an end and its property administered for the benefit of its members ...
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18 Winding up a solvent company - ASIC
https://asic.gov.au/for-business/closing-your-company/deregistration/winding-up-a-solvent-company/
Winding up is a process where a company's outstanding matters are finalised, its assets liquidated, and it ceases to exist as a company. Steps ...
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19 Wind up a company that owes you money: Overview - GOV.UK
https://www.gov.uk/wind-up-a-company-that-owes-you-money
You can apply to the court to close or 'wind up' a company if it cannot pay its debts. This is also known as compulsory liquidation. To wind up a company you ...
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20 About Liquidation or Winding Up - Insolvency Office
https://io.mlaw.gov.sg/corporate-insolvency/about-liquidation-or-winding-up/
When a company is being wound up, the company's business ceases to operate and its assets and affairs are handed over to an independent liquidator whose ...
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21 Pages - Winding_Up_Companies
https://www.ssm.com.my/Pages/Register_Business_Company_LLP/Company/Dissolution_of_Company/Winding_Up_Companies.aspx
​Winding up is a process in which the existence of a company is brought to an end, where assets of a company are collected and realised.
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22 What Does Administration Mean? | Square Business Glossary
https://squareup.com/gb/en/glossary/administration
Where the business cannot be saved, it will be “wound up”, and its assets liquidated to satisfy the company's creditors. The government keeps track of all the ...
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23 What does Compulsory winding up mean - Legal Choices
https://www.legalchoices.org.uk/dictionary/compulsory-winding-up
Definition of Compulsory winding up. Legal phrase - the liquidation of a company by order of the court. It usually happens because the company has not been ...
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24 Wind up definition and meaning | Collins English Dictionary
https://www.collinsdictionary.com/us/dictionary/english/wind-up
Wind up definition: When you wind up an activity, you finish it or stop doing it. | Meaning, pronunciation, translations and examples.
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25 Voluntary winding up Definition | Legal Glossary - LexisNexis
https://www.lexisnexis.co.uk/legal/glossary/voluntary-winding-up
The non-court based process by which a company's assets are realized for the benefit of its creditors. A voluntary winding up does not involve court proceedings ...
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26 wind up ​Definitions and Synonyms - Macmillan Dictionary
https://www.macmillandictionary.com/us/dictionary/american/wind-up_1
Definition of WIND UP (phrasal verb): end something; be in a place or situation; trick someone with lie; make someone angry or upset.
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27 Definition and synonyms of winding-up in the English dictionary
https://educalingo.com/en/dic-en/winding-up
«Winding-Up» In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company are redistributed.
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28 What does winding-up mean? | Best 3 Definitions of Winding-up
https://www.yourdictionary.com/winding-up
Winding-up Definition ... The process of dissolving a partnership or corporation by collecting all assets and outstanding income, satisfying all the creditors ...
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29 What is the difference between Winding Up and Liquidating a ...
https://www.forbesburton.com/insights/139-what-is-the-difference-between-winding-up-and-liquidating-a-company
A Winding Up Petition is submitted to the court by a creditor of a company who has failed to collect the debts that they are owed. If this petition is granted ...
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30 Winding-up and Restructuring Act ( RSC , 1985, c. W-11)
https://laws-lois.justice.gc.ca/eng/acts/w-11/fulltext.html
An Act respecting the winding-up and restructuring of companies ... (b) in respect of an authorized foreign bank, assets within the meaning of section 618 ...
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31 19.3 Dissolution and Winding Up
https://saylordotorg.github.io/text_foundations-of-business-law-and-the-legal-environment/s22-03-dissolution-and-winding-up.html
If the firm is to be terminated, winding up entails finishing the business at hand, paying off creditors, and splitting the remaining surplus or liabilities ...
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32 Winding Up of Companies in Bangladesh - HG.org
https://www.hg.org/legal-articles/winding-up-of-companies-in-bangladesh-54207
Winding up may be defined as the process by which the life of a company is ended in the course of such dissolution its assets are collected, its debts are ...
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33 UNIT – 5 WINDING UP OF A COMPANY - BDU OMS
https://oms.bdu.ac.in/ec/admin/contents/160_16CACCM1D_2020052110093355.pptx
MEANING; DEFINITION; MODES OF WINDING UP; COMPULSORY WINDING UP (WINDING UP BY THE COURT). MEANING. Winding up or liquidation of a company represents the ...
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34 What is Winding Up? - YouTube
https://www.youtube.com/watch?v=yIite3Nj8Oo
Marketing Business Network
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35 Winding Up Procedure – Closing a Company | SECP
https://www.secp.gov.pk/company-formation/closing-a-company/winding-up-procedure/
The term 'winding up' of a company may be defined as the proceedings by which a company is dissolved (i.e. the life of a company is put to an end).
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36 Winding Up of a Company - Procedure and Documents
https://enterslice.com/winding-up-of-a-company
What is the meaning of the term winding up of a company? ... The term winding up of a company is when the business of a company comes to an end. All the assets ...
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37 Guide on Winding up / Dissolution of Companies - JamaPunji
https://jamapunji.pk/sites/default/files/Guide_WindingUp.pdf
A person appointed to carry out the winding up of a company is called liquidator. If the winding up is through Court, the term used for such person is official ...
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38 Dissolution and Winding Up Checklist - FindLaw
https://www.findlaw.com/smallbusiness/closing-a-business/dissolution-and-winding-up-checklist.html
The term "dissolution" refers to the systemic closing down of a business entity, while "winding up" refers to the selling of assets and payment of debts ...
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39 Liquidation - Wikipedia
https://en.wikipedia.org/wiki/Liquidation
The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution ...
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40 Winding up - ACCA Global
https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f4/technical-articles/winding-up.html
There are two ways in which a company may be wound up: by the company voluntarily (voluntary winding up), or by the court (compulsory winding up).
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41 Insolvency Terms Defined (Glossary)
https://windinguppetitionsolicitors.co.uk/insolvency-terms-defined-winding-up-definition/
Compulsory liquidation. Winding up of a company after a petition to the court, usually by a creditor. Company Voluntary Arrangement (CVA). A voluntary ...
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42 ARCHIVED - Meaning of "Winding-up" - Canada.ca
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it126r2/archived-meaning-winding.html
While a business that a corporation conducts may be wound up without affecting the corporation's existence, the winding-up of a corporation ...
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43 Companies (Winding Up) Act - Tuvalu Legislation
http://tuvalu-legislation.tv/cms/images/LEGISLATION/PRINCIPAL/1991/1991-0014/CompaniesWindingUpAct_1.pdf
Circumstances in which company may be wound up by Court. ... Definition of inability to pay debts . ... Meaning of Official Receiver .
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44 What is a Winding Up Petition and Can My Company Stop It?
https://www.realbusinessrescue.co.uk/winding-up-petition
A winding-up petition is the most serious action a creditor can take against your company. Directors must seek urgent advice to prevent company liquidation.
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45 wind up - Longman Dictionary
https://www.ldoceonline.com/dictionary/wind-up
2 wind something ↔ upSTOP something THAT IS HAPPENING to close down a company or organization Our operations in Jamaica are being wound up.3 [linking verb] ...
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46 Search Legal Terms and Definitions
https://dictionary.law.com/Default.aspx?letter=W
v. to liquidate (sell or dispose of) assets of a corporation or partnership. winding up n. liquidating the assets of a corporation or partnership, settling ...
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47 Amalgamation and Windup: What's the Difference? Wendi P ...
https://www.millerthomson.com/assets/files/article_attachments/a_WPCAmalgamation.pdf
The process of winding up is a tax concept, which is effected in corporate law by the dissolution, or liquidation and dissolution, of a corporation, and the ...
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48 Receivership vs Liquidation: What's the Difference? | Dottore Co.
https://www.dottoreco.com/blog/what-is-the-difference-between-receivership-liquidation-19813
Liquidation, also known as "winding up", is the process in which a liquidator collects and sells the company's assets and then distributes the proceeds ...
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49 The 2022 Florida Statutes - Online Sunshine
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0605/Sections/0605.0709.html
(1) A dissolved limited liability company shall wind up its activities and affairs and, except as otherwise provided in ss.
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50 What Is Liquidation? Guide to Business Liquidation - 2022
https://www.masterclass.com/articles/liquidation-meaning
When a business can't pay its debts, it might “wind up” or begin the process of liquidating its business assets to help pay off accrued ...
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51 Briefly explain the followings:- The meaning of Winding up
https://www.coursehero.com/tutors-problems/Business-Law/28211742-Briefly-explain-the-followings-The-meaning-of-Winding-up-The-process/
Hello, good day! Attached are the answers and explanation. 1. Winding up simply means that a specific situation has been reached. However, in the context ...
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52 Difference Between Dissolution and Winding Up of a Company
https://cleartax.in/s/dissolution-vs-winding-up-company
Winding up is the process where the liquidator is appointed to settle and distribute the company's assets among the creditors and other relevant ...
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53 Winding Up - Uganda Registration Services Bureau
https://ursb.go.ug/liquidation/winding
Winding up is the process of dissolving a business by selling off its assets and satisfying the creditors from the proceeds of the sale. A company may wind up ...
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54 Winding Up a Business - Company Debt
https://www.companydebt.com/winding-up-petitions/process-and-procedure/
The term winding up is often used interchangeably with the term liquidating a company. There are several methods to liquidate a company, ...
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55 Company Voluntary Winding Up: Law And Procedure In ...
http://breakthroughattorneys.co.tz/company-voluntary-winding-up/
Winding up is defined by the Black's Law Dictionary, 9th Edition, to mean the process of settling accounts and liquidating asset.
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56 Learn About Winding Up Of Corporation | Chegg.com
https://www.chegg.com/learn/business/business-law/winding-up-of-corporation
Winding Up of Corporation Definition. Winding up is the dissolution of a company that involves selling off the stocks, paying off the creditors, ...
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57 Limited Liability Partnerships - Oregon State Legislature
https://www.oregonlegislature.gov/bills_laws/ors/ors067.html
(Winding Up Partnership Business). 67.290 Events causing dissolution and winding up of partnership business ... 67.340 Definitions for ORS 67.340 to 67.365.
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58 Voluntary liquidation | Department for the Economy
https://www.economy-ni.gov.uk/articles/voluntary-liquidation
be made by the majority of directors on a date no more than five weeks before the passing of the resolution for voluntary winding up · be filed at Companies ...
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59 Winding up, Dissolution & Liquidation of Companies
https://cs-india.com/winding-up-dissolution-liquidation-of-companies/
In relation to company closure, some people confuse the term winding up with liquidation. Winding up of company means either with the self-belief of members or ...
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60 CHAPTER 18. Limited Liability Company Act - Delaware Code
https://delcode.delaware.gov/title6/c018/sc08/index.html
Dissolution. (a) A limited liability company is dissolved and its affairs shall be wound up upon the first to occur of the following: (1) ...
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61 Winding Up of A Company - Taxmann Blog
https://www.taxmann.com/post/blog/259/winding-up-of-a-company/
1. Meaning of winding Up: ... “Winding up is a means by which the dissolution of a company is brought about and its assets are realized and ...
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62 Difference between Winding up and Dissolution of Company
https://www.indiafilings.com/learn/difference-between-winding-up-and-dissolution-of-company/
Winding up means appointing a liquidator to sell off the assets of the company, divide the proceeds among creditors, and file to the NCLT for dissolution.
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63 What's the Difference Between Winding Up and Liquidation?
https://lawpath.com.au/blog/whats-the-difference-between-winding-up-and-liquidation
Involuntary winding up. It is illegal for a company to continue trading when it is insolvent, meaning that action must be taken as soon as ...
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64 Dissolving, Winding Up, & Terminating an LLC - Wolters Kluwer
https://www.wolterskluwer.com/en/expert-insights/dissolving-winding-up-and-terminating-a-limited-liability-company
Dissolving, winding up, and terminating a limited liability company · Dissolution: The beginning of the end, not the end itself · Winding up: Necessary, but not ...
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65 Codified Law 48-7A-801 - South Dakota Legislature
https://sdlegislature.gov/Statutes/Codified_Laws/2069844
Events causing dissolution and winding up of partnership business. A partnership is dissolved, and its business must be wound up, only upon the occurrence ...
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66 Introduction | Winding up of Company | Law Library
https://www.advocatekhoj.com/library/lawareas/wind/winding.php?Title=Winding%20up%20of%20Company&STitle=Introduction
Winding up of a company is the stage, where by the company takes its last breath. It is a process by which business of the company is wound up, and the company ...
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67 Title 15 - PA General Assembly
https://www.legis.state.pa.us/cfdocs/legis/LI/consCheck.cfm?txtType=HTM&ttl=15&div=0&chpt=59
F. Voluntary Dissolution and Winding Up ... See the definition of "officer" in section 5103 (relating to definitions). 15c5903v. (June 22, 2001, P.L.418, ...
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68 Dissolution - State of Michigan
https://www.michigan.gov/lara/bureau-list/cscl/corps/limited-liability-co/filling-requirements-continued/dissolution
A limited liability company is dissolved and its affairs shall be wound up when any of the following occurs: By unanimous vote of all members entitled to ...
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69 South Carolina Code of Laws Unannotated
https://www.scstatehouse.gov/code/t33c044.php
(6) vary the requirement to wind up the limited liability company's business in a case ... and agents of the limited liability company, define their duties, ...
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70 Business Division FAQ | Georgia Secretary of State
https://sos.ga.gov/page/business-division-faq
... articles of dissolution, certificate of cancellation, statement of commencement of winding up, certificate of termination or application for withdrawal?
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71 Winding-up and Restructuring Act: Overview | Practical Law
https://content.next.westlaw.com/practical-law/document/Id8bb1764dc7711eabea4f0dc9fb69570/Practice-Note-Winding-up-and-Restructuring-Act-Overview?viewType=FullText&originationContext=document&transitionType=DocumentItem&ppcid=74e34871b9dd4495a19e5e95133155c3&contextData=(sc.RelatedInfo)
Section 3 of WURA lists twelve scenarios in which a company is deemed to be insolvent. Noting that this list falls short of a comprehensive definition of " ...
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72 wind-up_2 phrasal verb - Oxford Learner's Dictionaries
https://www.oxfordlearnersdictionaries.com/us/definition/english/wind-up_2
wind up · ​to stop running a company, business, etc. and close it completely · ​to make something such as the window of a car move upwards by turning a handle, ...
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73 Who may petition and grounds for winding up
https://www.insolvencydirect.bis.gov.uk/freedomofinformationtechnical/technicalmanual/ch37-48/chapter45/part2/part_2.htm
A petition to wind up a company may be presented by the company, the directors, any creditor ... 45.22 Definition of contributory in unregistered companies.
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74 Chapter 1706 - Ohio Revised Code - Ohio Laws
https://codes.ohio.gov/ohio-revised-code/chapter-1706
(A)(1) All members shall share equally in any distributions made by a limited liability company before its dissolution and winding up. (2) A member has a right ...
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75 Winding up of a Company - Legal Service India
https://www.legalserviceindia.com/company%20law/winding-up.htm
Any creditor or creditors of the company may present a petition to the Court for winding up, alleging that the company is unable to pay the debts of the ...
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76 CHAPTER 489
https://www.legis.iowa.gov/docs/ico/chapter/489.pdf
Vary the requirement to wind up a limited liability company's business as ... business in this state within the meaning of this article include all of the ...
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77 WINDING UP Definition & Meaning - Black's Law Dictionary
https://thelawdictionary.org/winding-up/
The name applied In England to the process of settling the accountsand liquidating the assets of a partnership or company, for the purpose of makingdistribution ...
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78 Dissolution and Winding Up - 2012 Book Archive
https://2012books.lardbucket.org/books/the-legal-environment-and-business-law-executive-mba-edition/s17-03-dissolution-and-winding-up.html
Dissolution, in the most general sense, means a separation into component parts. Meaning of Dissolution under UPA. People in business are sometimes confused ...
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79 What is compulsory winding up? | nibusinessinfo.co.uk
https://www.nibusinessinfo.co.uk/content/what-compulsory-winding
In compulsory winding up, a creditor asks the High Court to wind up the affairs of an insolvent limited company. This legal process ends with the company's ...
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80 Liquidation of Company Accounting - UpCounsel
https://www.upcounsel.com/liquidation-of-company-accounting
Since a business is created by law, it can't die on its own, so it must be ended through a liquidation. The liquidation of a company, also known as winding up, ...
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81 Chapter 25.15 RCW: LIMITED LIABILITY COMPANIES - WA.gov
https://app.leg.wa.gov/rcw/default.aspx?cite=25.15&full=true
Winding up. HTMLPDF, 25.15.301, Disposition of known claims—Definition. HTMLPDF, 25.15.305, Distribution of assets ...
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82 Sri Lanka: Starting Business, Incorporating in Sri Lanka ...
https://books.google.com/books?id=UEqtDwAAQBAJ&pg=PA137&lpg=PA137&dq=business+wound+up+definition&source=bl&ots=69RsydEUil&sig=ACfU3U3jZQBJ6JGcFkWBNmzFd7DHgBNz5Q&hl=en&sa=X&ved=2ahUKEwie4NGPktr7AhXqkIkEHcieBKwQ6AF6BQjbAhAD
... or (f) the court is of opinion that it is just and equitable that the company should be wound up. Definition of inability to pay debts. 271.
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83 Code of Virginia Code - Article 9. Dissolution - Virginia Law
https://law.lis.virginia.gov/vacodefull/title13.1/chapter12/article9/
B. When the winding up of the affairs of the limited liability company has been ... A claimant whose claim does not meet the definition of a claim in ...
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84 Business Search - Frequently Asked Questions
https://www.sos.ca.gov/business-programs/business-entities/cbs-field-status-definitions
Domestic limited partnerships and limited liability companies – The business entity has voluntarily elected to wind up the business operations.
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85 Module 4 Winding up a business
https://www.dese.gov.au/download/6051/module-4-winding-business/27412/document/docx
Whilst this Module focuses on winding up a business which ceases to operate, ... The corporations act provides guidance on the definition of solvency.
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86 Uniform Limited Liability Company Act
https://www.ndlegis.gov/cencode/t10c32-1.pdf
of the statute or the scope or meaning of the terms used in the statute. ... (1) By the person winding up the activities of the company under subsection 3.
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87 Chapter 8. Limited Liability Companies. - D.C. Law Library
https://code.dccouncil.gov/us/dc/council/code/titles/29/chapters/8
(3) A record filed on behalf of a dissolved limited liability company that has no members shall be signed by the person winding up the company's activities ...
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88 NRS: CHAPTER 87 - PARTNERSHIPS
https://www.leg.state.nv.us/nrs/nrs-087.html
NRS 87.4353 Right to wind up partnership business. ... A person has “knowledge” of a fact within the meaning of NRS 87.010 to 87.430, inclusive, ...
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89 Winding up of the Company (1).pdf - Rajdhani College
https://rajdhanicollege.ac.in/admin/ckeditor/ckfinder/userfiles/files/Winding%20up%20of%20the%20Company%20(1).pdf
Meaning. Winding up is one of the method by which dissolution of a company is brought about. Dissolution is the end result of winding up. Chapter 33 Winding Up ...
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90 Understanding Winding-Up in Nigeria: Frequently Asked ...
https://www.lexology.com/library/detail.aspx?g=2956dec8-0994-4ccb-8bc1-350613ed984f
The directors of an insolvent company voluntarily decide to liquidate its assets in order to pay its debts. It usually arises when the ...
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91 Mergers of companies or selling a business - gov.ie
https://www.gov.ie/en/service/53bd9-mergers-of-companies-or-selling-a-business/
Liquidation is the process of winding up a company so that it no longer exists, by using its assets to pay its debts.
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92 Liquidation of Companies and other Company Law issues
https://www.revenue.ie/en/tax-professionals/tdm/collection/insolvency/liquidation.pdf
Liquidation (or winding-up) is a process under Company Law that results in the company ceasing to exist. A company can decide to go into voluntary ...
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93 Illegal phoenix activity - Australian Taxation Office
https://www.ato.gov.au/general/the-fight-against-tax-crime/our-focus/illegal-phoenix-activity/
Illegal phoenix activity is when a company is liquidated, wound up or abandoned to avoid paying its debts. A new company is then started to ...
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94 Winding Up - CRO
https://www.cro.ie/en-ie/Termination-Restoration/Company/Winding-Up
The company is dissolved with an effective date three months from the date of registration of the final documents, or when the court orders its dissolution ...
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95 Chapter 613a - Uniform Limited Liability Company Act
https://www.cga.ct.gov/current/pub/chap_613a.htm
Definitions. Sec. 34-243b. ... Operating agreement: Effect on limited liability company and person becoming member. ... Disposition of assets in winding up.
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96 CORPORATIONS ACT 2001 - SECT 9 Dictionary
http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s9.html
"ABN" (short for "Australian Business Number") has the meaning given by ... (a) includes a body corporate that is being wound up or has been dissolved; and.
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97 Liquidation, and winding up your business - Insight Accounting
https://www.insightaccounting.com.au/2016/10/liquidation-winding-business/
The definition of insolvent is when liabilities total more than the value of assets, and debts cannot be paid. Insolvent trading is where a business continues ...
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