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Epica FAQ Series

What do you mean by “a company is in liquidation”?

Others

What do you mean by “a company is in liquidation”?

A simple meaning of the term ‘company is in liquidation’ would be that a company is shutting down.

There can be plenty of reasons for a company to be in liquidation:

  • There is an irresolvable dispute among the shareholders.
  • Corporate restructuring.
  • The company cannot pay its debts and liabilities are due more than its assets.
  • It is dormant or not profitable.
  • There has been a breach of laws and regulations by the officers in the company.

A company is liquidated either by “striking off” or “winding up.” Even if the result of both is that the company shuts down, the procedures are very different.

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