About this document
Voluntary Liquidation Process Under IBC by Lakshay Aggarwal is a document available to read on EtoBox.
Voluntary liquidation is a process where a solvent company decides to wind up its operations and distribute assets among shareholders, governed by the Insolvency and Bankruptcy Code (IBC) 2016. There are two types of voluntary liquidation: members voluntary liquidation, where there are enough assets to pay debts, and creditors voluntary liquidation, where the company is insolvent. The process involves several steps including board approval, appointing a liquidator, public announcements, and final reporting
- Author
- Lakshay Aggarwal
- Language
- EN