“The rules for winding-up of companies on premises other than inability to pay debts have been long pending. The relevant provisions of the Companies Act were made reliable in 2016; and in the absence of the Rules, the Companies (Court) Rules continued to use.”A big part of the treatment applicable to routine business continues to be relevant to the companies that can decide for the summary treatment.
“The guidelines for winding-up of business on premises other than inability to pay debts have been long pending. The pertinent provisions of the Companies Act were made reliable in 2016; and in the absence of the Rules, the Companies (Court) Rules continued to use.”A large part of the procedure applicable to regular companies continues to be suitable to the business that can choose for the summary treatment.
Govt eases winding-up rules: Now, small firms can shut business without going to tribunal