Sir, Vijay
Can you please explain the two types of voluntary liquidation?
Can you please also explain compulsory liquidation?
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Liquidation
Hi
Compulsory Liquidation is when the Court makes an order to wind up the company. So there is a court hearing and a court order.
Voluntary Liquidation is when the shareholders pass a special resolution to wind up the company not the court!
2 Types of Voluntary- MVL and CVL
MVL - the company is solvent
CVL the company is insolvent.
Does this help clarify?
Kind regards,
Vijay
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