Introduction - Company Liquidation
Liquidation is the procedure by which an organization (or part of an organization) is conveyed to an end, and the advantages and property of the organization are redistributed. Liquidation is likewise now and again alluded to as twisting up or disintegration, in spite of the fact that disintegration actually alludes to the last phase of liquidation. The procedure of liquidation likewise emerges when traditions, a specialist or organization in a nation in charge of gathering and protecting traditions obligations, decides the last calculation or ascertainment of the obligations or disadvantage collecting on a passage.
Liquidation may either be necessary (at times alluded to as a banks' liquidation) or deliberate (once in a while alluded to as an investors' liquidation, albeit some willful liquidations are controlled by the lenders, see beneath).
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