Modes of closing a business - Series-I: Summary procedure of liquidation
(WorldNews Business)

The COVID-19 pandemic situation is challenging the economies of the world, including an impact on large and small businesses. Despite the many relaxations granted by the government of India and various state governments, the impact on businesses is deep. While some large businesses have cash reserves and resources to bide them by, the impact on startups which may not have those resources is many a time, fatal. Through this blog series, we are covering various modes of closure of a company. In this Series-I, we are providing insights on summary procedure of liquidation of a company which is mostly applicable to the startups which intend to shut down their entity with certain assets and...