🎗Any difference between deregistration, striking off and winding up？
⛳Deregistration is a relatively simple, inexpensive and quick procedure for dissolving defunct solvent companies.
🎯Striking off is a statutory power conferred on the Registrar, a company cannot apply for striking off. The Registrar of Companies may strike the name of a company off the Companies Register where the Registrar has reasonable cause to believe that the company is not in operation or carrying on business.
🏆Winding up is the process of settling the accounts and liquidating the assets of a company for the purpose of making distribution of the net assets to members and dissolving the company.
All of them will result in the dissolution of a company.
CROSTINI mostly is winding up.
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