Examlex
When adults are working with young children, they often provide a lot of hints, assistance, instructions, and other support to help the children succeed. As the children indicate that they can do more for themselves, the adults begin to withdraw their support. This shows the adults' involvement in the children's
Voluntary Winding Up
A process initiated by a company's shareholders to dissolve the company in an orderly manner, liquidating assets to pay creditors and distributing any remaining assets.
Company's Members
Individuals or entities that have an ownership interest in a corporation, commonly referred to as shareholders or stockholders.
ASIC
The Australian Securities and Investments Commission; an independent Australian government body that acts as the corporate regulator.
Liquidation Surplus
The amount of money remaining after all liabilities and obligations of a liquidating entity have been settled, which is then distributed to shareholders.
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