Winding up

RECENT NEWS
The Economic Times  May 24  Comment 
"The union cabinet took note of this proposal which deals with encouraging ‘Make in India’ in relation to defence equipment,” finance and defence minister Arun Jaitley.
The Economic Times  May 12  Comment 
The plan follows announcement of a safety audit of all the 418 mines in the country in the aftermath of one of the worst disasters in Jharkhand that claimed at least 18 lives.
The Economic Times  Apr 12  Comment 
The GeM would be the national public procurement portal and will be registered as Section 8 Company for providing procurement of goods and services required by central and state government organizations.
The Hindu Business Line  Mar 15  Comment 
Karnataka High Court tells the company to make a ‘fair one-time settlement’ offer to the bank consortium
The Hindu Business Line  Mar 3  Comment 
Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an “optimisation exercise” in the world’s second largest smartphone market.
The Economic Times  Feb 22  Comment 
Credit Suisse said that it would now be interesting to see how Jio manages the transition to paid usage, without seeing a sharp drop off in subscriber base.
The Economic Times  Feb 7  Comment 
Reacting to the news, shares of United Breweries and United Spirits also dipped as much as 3.28 per cent and 0.35 per cent, in intraday trade.
The Economic Times  Feb 6  Comment 
The government has decided to abolish FIPB and come up with a new mechanism that could include approvals by the ministries concerned for expeditious clearance of foreign investment proposals.
The Economic Times  Feb 3  Comment 
"Over the years, this has become a significant drain on limited resources of the government. The committee has made the recommendations of closure."
The Hindu Business Line  Nov 23  Comment 
IVRCL Ltd is faced with a winding up petition filed by Rustech Products Pvt Ltd for payment dues of ₹1.18 crore. “We would like to inform you that as per the information made available to us, thoug...




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Winding up

To liquidate (sell or dispose of) assets of a corporation or partnership. [1] Liquidating the assets of a corporation or partnership, settling accounts, paying bills, distributing remaining assets to shareholders or partners, and then dissolving the business. Winding up a non-profit corporation requires a plan for distribution of assets to some charitable or other non-profit entity. [2]

For example, a portfolio manager might decide to liquidate a position in a stock by selling all the shares of that stock held in the portfolio. [1]

c.1575, "to reduce to order, to set out clearly," sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924. [3] Wind up "come to a conclusion" is from 1825. Winding sheet "shroud of a corpse" is attested from 15c. [4]

References

  1. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. ISBN-10: 0618176519 pg212
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