02 November 2013
Can any1 help me with the procedure of winding up of a newly incorporated subsidiary Company. The promoter have not paid the subscription money also and a year has passed since incorporation
02 November 2013
instead of winding up, it would be advisable to pay up the share capital and thereafter merge the subsidiary with the holding company. This is an easier method. Winding up is a very clumsy thing in India even when there are no assets or liabilities.