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What is the primary distinction between winding up and dissolution of a company?a)Winding up involves the distribution of assets to shareholders, while dissolution does not.b)Winding up is a process that precedes dissolution, where the company's legal entity still exists.c)Winding up is initiated by the Registrar, while dissolution is initiated by the creditors.d)Winding up involves legal proceedings, while dissolution involves administrative procedures.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary distinction between winding up and dissolution of a company?a)Winding up involves the distribution of assets to shareholders, while dissolution does not.b)Winding up is a process that precedes dissolution, where the company's legal entity still exists.c)Winding up is initiated by the Registrar, while dissolution is initiated by the creditors.d)Winding up involves legal proceedings, while dissolution involves administrative procedures.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary distinction between winding up and dissolution of a company?a)Winding up involves the distribution of assets to shareholders, while dissolution does not.b)Winding up is a process that precedes dissolution, where the company's legal entity still exists.c)Winding up is initiated by the Registrar, while dissolution is initiated by the creditors.d)Winding up involves legal proceedings, while dissolution involves administrative procedures.Correct answer is option 'B'. Can you explain this answer?.

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