Legal Question in Business Law in
What are the rules on winding up a multi level marketing firm in India?
Asked on 1/14/11, 1:27 pm
1 Answer from Attorneys
If its a Pvt Limited Company them one can go under section 434 of Companies Act for winding up. if its a firm , partnership firm and not a company, then that firm has to be dissolved and the creditors can demand their money through court.
Regards
Answered on 1/14/11, 9:35 pm
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