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  • Voluntary Liquidation: Presented By: Rahul Mukherjee Regd No: T 6018

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    Rahul Mukherjee
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    Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up the affairs of the company and dissolve it. The main purposes of a company liquidation are to collect the company's assets to fulfill its liabilities. During liquidation, certain priority rules determine the order that claimant types, such as secured creditors, unsecured creditors, preferential creditors, and members, are paid from the collected assets. Before being fully dissolved, the liquidator must call a final meeting of either just the members for a voluntary liquidation or the creditors for a compulsory liquidation.

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    B.L. RAHUL

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    Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up the affairs of the company and dissolve it. The main purposes of a company liquidation are to collect the company's assets to fulfill its liabilities. During liquidation, certain priority rules determine the order that claimant types, such as secured creditors, unsecured creditors, preferential creditors, and members, are paid from the collected assets. Before being fully dissolved, the liquidator must call a final meeting of either just the members for a voluntary liquidation or the creditors for a compulsory liquidation.

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    28 views9 pages

    Voluntary Liquidation: Presented By: Rahul Mukherjee Regd No: T 6018

    Uploaded by

    Rahul Mukherjee
    Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up the affairs of the company and dissolve it. The main purposes of a company liquidation are to collect the company's assets to fulfill its liabilities. During liquidation, certain priority rules determine the order that claimant types, such as secured creditors, unsecured creditors, preferential creditors, and members, are paid from the collected assets. Before being fully dissolved, the liquidator must call a final meeting of either just the members for a voluntary liquidation or the creditors for a compulsory liquidation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    Voluntary

    Liquidation
    Presented By:
    Rahul Mukherjee
    Regd No : T 6018
    Contents
    • Définition of Liquidation
    • Voluntary Liquidation
    • Misconduct
    • Priority of Claims
    • Dissolution
    • Striking off the Register
    Liquidation
    • When the company is sold i.e., sale of asset

    etc. in order to fulfill his liabilities is know as

    liquidation.
    Voluntary Liquidation
    • Voluntary liquidation occurs when the
    members of the company resolve to
    voluntarily wind-up the affairs of the company
    and dissolve.
    Misconduct
    • The Government has set up certain rules &
    regulation for each & every company.
    • Main articles: Fraudlent Trading, Undervalue
    transaction, unfair preference & wrongful
    trading.
    Priority of Claims
    • The main purpose of a liquidation of company
    is insolvent is to collect in the company's
    assets.

    • If the company is holding a lease building


    then it is free from liquidation.
    Dissolution
    • Before the liquidator wound-up he has to call a
    final meeting.
     Voluntarily Only Members
     Compulsory Only Creditors
     Creditors Both

    Voluntarily
    Striking off the Register
    • Direct approach to the registrar as one of the
    cheapest method.
    • In the event the company does not file an
    annual return or annual accounts, the Registrar
    at Companies House will strike the company
    off the register.
    Thank
    You…

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