Legal Glossary | W

Winding up

by | Oct 8, 2023

Winding up: The process of closing down or liquidating a company’s operations, assets, and affairs. It typically involves the cessation of business activities, the sale of assets to pay off debts and liabilities, and the distribution of remaining assets to shareholders or creditors.

Written By Archana Singh

I am Archana Singh, a recent law master's graduate with a strong aspiration for the judicial service. My passion lies in elucidating complex legal concepts, disseminating legal news, and enhancing legal awareness. I take immense pride in introducing my new legal website - The LawGist. Through my meticulously crafted blogs and articles, I aim to empower individuals with comprehensive legal insights. My unwavering dedication is to facilitate a profound comprehension of the law, enabling people to execute judicious and well-informed choices.

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