AKSHAY (CA PCC) (88 Points)
04 January 2012hi friends ,I require ur help on this, My dad had purchase 5000 no. shares in physcial form , face valve of shares is Rs.10 each Canbay polyfilms Ltd.which is now delisted and stauts is would up.Can i convert such shares in my name in demat form and is there any remedy for such delisted and wound of company's shares.? and if it there where ,whom and how to apporoch?
AKSHAY
(CA PCC)
(88 Points)
Replied 04 January 2012
IS THERE ANY DIFFERENCE BETWEEN WOUND-UP AND DISSSOULTION AS PER COMPANIES ACT OR SEBI
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 05 January 2012
The terms "Winding up" and "Dissolution" are sometimes erroneously used to mean the same thing. However, they are quite different in their meanings. Winding up is a process whereby all assets of the company are realized and used to pay off the liabilities and members.
Dissolution of the company takes place after the entire process of winding up is over. Dissolution puts an end to the life of the company. A dissolution order passed by the Court is like the Death Certificate of the company.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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