Causing wonder or amazement; astounding, stunning, overwhelming, etc. Astonishing; astounding. Causing great surprise or astonishment.

staggering, appalling, breathtaking, startling, impressive, stunning, shocking, amazing.

adjective Informal. causing astonishment or surprise; amazing: The company has reported a jaw-dropping annual profit of $30 billion.

It truly was a jaw-dropping piece of outlandish skill. It is a jaw-dropping piece of acting. The veterans’ own accounts are jaw-dropping and inspiring. It was a jaw-dropping moment.

: very beautiful or attractive. : very enjoyable or pleasant. See the full definition for gorgeous in the English Language Learners Dictionary. gorgeous. adjective.

: causing a feeling of great surprise or wonder : surprising an astonishing discovery.

wound up also winded up; winding up; winds up. Definition of wind up (Entry 3 of 3) transitive verb. 1 : to bring to a conclusion : end. 2a : to put in order for the purpose of bringing to an end winds up the meeting.

1. An obsolete preterit of wind.

What is another word for wound up?

A winding up order is a court order that forces an insolvent company into compulsory liquidation – a process in which the court appoints an Official Receiver (OR) to liquidate all of the company’s assets in order to repay creditors.

A company tends to exist, till the time it commits the process of voluntary wind up or is legally bound to close its business completely. In short, liquidation is just selling the business assets and turning them to cash or cash equivalents to fulfill claims of the company’s creditors.

Winding up is a process whereby all assets of the company are realised and used to pay off the liabilities and members. Dissolution of the company takes place after the entire process of winding up is over. Dissolution puts an end to the life of the company.

The winding up or liquidation of a company is the process by which a company’s assets are collected and sold in order to pay its debts. Any monies remaining after all debts, expenses and costs have been paid off are distributed amongst the shareholders of the company.

Grounds for Compulsory Winding-up (Sec. 433):

• A company may be wound-up by the Court under the following cases:
• (i) Special Resolution of the Company:
• (ii) Default:
• (iii) Not commencing or suspending the Company:
• (iv) Reduction of Members:
• (v) Inability to pay Debts:
• (vi) The Just and Equitable Clause:

The Tribunal can order for the winding up of the company on an application by any of the persons who are authorised under section 272. 2. The company would be wound up if Tribunal is of the opinion that it is just and equitable that it should no longer remain in function.

6 Grounds on which a Court can Order a Winding up of a Company in India

• Passing of special resolution for the winding up:
• Default in holding statutory meeting:
• Failure to commence business:
• Reduction in membership:
• Inability to pay debts:
• Just and equitable:

An application for closure of company shall be made by way of petition, and only the following listed persons are allowed to file such petition:

• The company.
• The creditors.
• Any contributory or contributors.
• The registrar.
• Any person authorized by the Central Government.
• Any person authorized by the State Government.

Types of Winding Up Voluntary Winding Up, which itself is of two kinds: Members’ Voluntary Winding Up. Creditor’s Voluntary Winding Up.

What Happens after a Winding up Order is Granted. Once the judge has granted the winding up order, the director’s powers cease. The court will appoint an official receiver to take over. Their role will be to communicate with the directors, secure any company assets, and make staff redundant.

The process can be stopped if you can pay all the debts owed to the petitioner within seven days, including costs. Some helpful pointers: if you settle the debt, the petition must be withdrawn from the courts by the creditor before it gets to the hearing date.

There may still be time for a company voluntary arrangement if you act quickly – it could save your business. Generally a winding up petition (WUP) costs between £400 and £800 to issue, PLUS £1,600 court deposit and a filing fee of £280, so it is a serious step to take.

It generally takes around 28 days in total for a winding up order to take effect. Once you are in receipt of a winding up petition, you need to act quickly to save your company.

In business terms, a liability often refers to a sum of money or other debt owed by a company. Simply put, limited liability is a layer of protection placed between the company and its individual directors. This means the directors cannot be held personally responsible if the company is unable to pay its debts.

Winding up is the process of dissolving a company. While winding up, a company ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to partners or shareholders.

Compulsory Liquidation If it seems impossible to raise money for a CVL, your business has no viable assets to make money from, you’re only really left with a single option. You’ll have to apply for a winding-up petition and wait to be put into compulsory liquidation.

A company can only be put into voluntary liquidation by its shareholders. The liquidator appointed must be an authorised insolvency practitioner. The liquidation begins from the time the resolution to wind up is passed. months; and • include an up-to-date statement of the company’s assets and liabilities.

If a company is unable to repay a loan, both the directors and shareholders cannot be held liable. The company is solely liable to repay the loan. This is because a company is a separate legal entity and is distinct from its shareholders and directors, as has been repeatedly upheld by the Supreme Court of India.

The cost of a voluntary liquidation varies depending on the size of the business and the complexity and time it takes to wind up. However, for small limited companies with relatively few assets, costs typically range from £4,000-£6,000 plus VAT.

Striking off a solvent company – This is normally the cheapest option. You will be required to pay a £10 disbursement fee to Companies House when the striking-off application is submitted. Members’ Voluntary Liquidation – You will be required to pay the liquidator’s fee, which can range from upwards of £1500 plus VAT.

Also known as a Creditors Voluntary Liquidation (CVL), a voluntary liquidation starts when the directors, and owners, decide to close their business as they cannot pay their creditors. The company has to be insolvent for this to happen. The process is quicker than a compulsory liquidation. …