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DISSOLUTION OF A COMPANY. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCDISSOLUTION OF A COMPANY.1 Mark
Question
Give the definition of Dissolution according to Professor L.C.B Gower.
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Answer

As per Professor L.C.B.Gower, "Winding up of a company is the process whereby its life is ended and its property administrated for the benefit of its creditors and members."

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