winding up of a company

This query is : Resolved 

17 March 2009 A Pvt. Ltd Co. having capital of Rs. 100000 and reserves of Rs. 150000/-, no bank loan, and some fixed assets and a loan from a director, wants to wind up. What will be the procedure?
Also, the balance left after meeting all obligations and liabilities will be treated as dividend or it simbply be divided into shareholders.
Please ans
It is very urgent

25 March 2009 please ans

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