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            • Voluntary Winding up by Shareholder
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Category: Winding up

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Unfair Preference in winding up

  • Post author By Global Vision
  • Post date August 23, 2022
  • No Comments on Unfair Preference in winding up

A company does something or suffers anything which lead to an effect of putting a creditor or guarantor into a better position in the event of insolvent liquidation, such action is regarded as an unfair preference. Relevant time for such unfair preference, is a time in the period of 6 months before the commencement of […]

Undervalue Value Transaction In Winding Up

  • Post author By Global Vision
  • Post date August 23, 2022
  • No Comments on Undervalue Value Transaction In Winding Up

Section 265E of Companies (Winding Up and Miscellaneous Provisions) Ordinance states that A company enters into a transaction with a person at an undervalue if— (a) the company makes a gift to that person (b) the company enters into a transaction with that person with no consideration (c) the company enters into a transaction with […]

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