4 Most Important differences between Dissolution and Winding Up

4 Most Important differences between Dissolution and Winding Up are listed below:

Dissolution:

1. The dissolution of a company is recorded and registered by the Registrar of Companies.

2. The process of dissolution is purely administrative function.

3. The Liquidator does have any important role in the dissolution.

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4. The dissolution must take place after winding up.

Winding Up:

1. The winding up of a company is heard and judged by the Tribunal.

2. The process of winding up is purely judicial function.

3. The Liquidator has important role in the winding up.

4. After winding up, dissolution takes place.