Winding up is a legal proceeding or procedure that may be initiated to end the life of a company. Winding-up is different from dissolution. The former is a means to an end, the latter is the end. During winding up, a company ceases to do business. The process involves paying off creditors and distribution of company assets to shareholders. The result of winding up a company is the death of the company (i.e. dissolution). A company is deemed dissolved if, on the application of a liquidator, the court expressly orders its dissolution or automatically dissolved after three (3) months of … Continue reading WINDING UP A COMPANY IN NIGERIA BY COURT ORDER