compulsory winding up

/kəmˌpʌlsəri ˌwaɪndɪŋ 'ʌp/ noun
liquidation which is ordered by a court

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • compulsory winding up — ➔ winding up * * * compulsory winding up UK US noun [S or U] LAW, FINANCE ► a decision by a court of law that a failed business must close: »It is the supervision by the court that is the main difference between a compulsory winding up and… …   Financial and business terms

  • compulsory winding up — a procedure for the dissolution of a company involving a petition presented to the court, usually by a creditor. The petition must be based on one of the grounds specified in the Companies Act 1985. The most usual ground is that the company is… …   Law dictionary

  • compulsory winding-up — compulsory liquidation …   Accounting dictionary

  • compulsory liquidation — compulsory winding up The winding up of a company by a court. A petition must be presented both at the court and at the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an… …   Accounting dictionary

  • compulsory liquidation — compulsory winding up The liquidation of a company by a court. A petition must be presented both at the court and the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an official …   Big dictionary of business and management

  • winding-up — The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a… …   Law dictionary

  • winding-up petition — The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a… …   Law dictionary

  • winding up — see liquidation London Stock Exchange Glossary * * * winding up ˌwinding ˈup noun [singular, uncountable] COMMERCE LAW when a business or organization is closed down, especially because it cannot pay its debts: • Redeemable preference shares… …   Financial and business terms

  • winding up — / waɪndɪŋ ʌp/ noun liquidation, the act of closing a company and selling its assets ♦ a compulsory winding up order an order from a court saying that a company must be wound up …   Dictionary of banking and finance

  • winding-up petition — A document presented to a UK court seeking an order for a company to be put into compulsory liquidation …   Accounting dictionary

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