Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
involuntary dissolution
The terminatit,ii of a corporation administratively (for failure to file reports or pay taxes), judicially (for abuse of corporate authority, management deadlock, or failure to pay creditors), or through involuntary bankruptcy.
voluntary dissolution
A corporation's termination initiated by the board of :fire,_lors and approved by the shareholders 4. The termination of a previously existing partnership upon the occurrence of an event specified in the partnership agreement, such as a partner's withdrawal from the partnership. Cf. WINDING UP. - dissolve, ub.