The dissolution of a joint-stock company is a legal procedure for the cancellation of the company's legal person qualification and a legal fact for the termination of the company's business activities. After the dissolution of the company, the company's legal personality did not disappear immediately, and it had to go through liquidation procedures. The liquidation of a company is a procedure of dissolving the company, clearing the company's property, collecting creditor's rights, paying off debts, and distributing the company's remaining property to shareholders after all business activities are completed. Only when the liquidation procedure is completed will the company officially disappear.
There are several reasons for the dissolution of the company:
The company's business has been completed or cannot be completed, and the reasons for dissolution stipulated in the articles of association arise, and the shareholders' meeting decides to dissolve.
Merger, that is, new merger or absorption merger is absorbed.
Bankruptcy, when the company declares bankruptcy, the company shall be dissolved immediately.
The government announced the dissolution order.
The court ruled dissolution.
There are two ways to dissolve the company: one is voluntary dissolution. This is mainly based on the company's own requirements and voluntary dissolution. The other is forced dissolution. Dissolve the company according to the law or the order of the competent authority.