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With the wind...
Winding-up
Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies.The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are not sufficient to meet the liabilities, a company is usually wound up by the Court. In other cases the winding-up is usually voluntary and conducted by the company itself either with or without the supervision of the Court. The provisions of the (English) Companies Act, 1929, govern a winding-up in any of these three modes (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be...
Voluntary winding up and winding up by the court
Voluntary winding up and winding up by the court, the expressions 'voluntary winding up' and 'winding up by the Court' have acquired a technical meaning in our Company and Insurance jurisprudence. Like the Co-operative Society Laws, the Companies Act and the Insurance Act also make a distinction between the cessation of business by a company and its voluntary winding up or winding up by an order of the Court. There is nothing unequivocal in s. 15(a) of the Act to show that Parliament intended to depart from the technical meaning of 'voluntary winding up' and 'winding up by the Court' and to bid a good-bye to the distinction in our Company and Insurance jurisprudence between mere cessation of business by a company and its voluntary winding up or winding up by an order of the Court. The phrase 'voluntarily wound up' in the first limb would mean the voluntary winding up of an insurance public company in accordance with s. 54 of the Insurance Act, The Neptune Assurance Co. Ltd.v. Union of ...
wind up
wind up wound up wind·ing up : to bring to an end by taking care of unfinished business [ordered to wind up his practice] ;specif : to conclude by removing liabilities and distributing any remaining assets to partners or shareholders [wind up the business and affairs of a corporation in dissolution] [wind up a receivership] ...
write down
write down wrote down writ·ten down writ·ing down : to reduce the book value of (an asset) [write down accounts receivable] write-down [rīt-dan] n ...
Drum winding
A method of armature winding in which the wire is wound upon the outer surface of a cylinder or drum from end to end of the cylinder distinguished from ring winding etc...
Series winding
A winding in which the armature coil and the field magnet coil are in series with the external circuits opposed to shunt winding...
Shunt winding
A winding so arranged as to divide the armature current and lead a portion of it around the field magnet coils opposed to series winding...
come down
come down came down coming down : to be announced [the decision came down from the Supreme Court] ...
strike down
strike down : annul nullify [the trustee…can strike down transfers "J. J. White and R. S. Summers"] ;esp : to declare (a law) illegal and unenforceable [the court struck down death penalty provisions "L. H. Tribe"] ...
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