Today’s business survival has been an extreme challenge in any corporate firm around the world. The ongoing impact of the global pandemic has brought organisations to face liquidity and operational difficulties, creating uncertainties to continue as a going concern.
In the absence of the right risk management strategies, the idea to preserve the business may no longer remain viable, leaving the company with no option than to undergo closure. This manner, however, does not entail the end of corporate responsibilities. Companies have to still undertake the dissolution process as per the procedures of the State law and supplementarily settle the affairs with its stakeholders – through corporate liquidation. Read More