(15) What is deregistration of a company?

The concept: the winding up = the company's life's orderly end — the affairs collected, the assets realised, the debts paid, the surplus distributed, and the company dissolved (the death's process — the perpetual succession's termination by law). The distinctions (the exam's precision): the winding up (the process: the collection-and-realisation-and-distribution) vs the dissolution (the end: the legal personality's extinction — the process's conclusion); the winding up ≠ the insolvency (the insolvency as the financial state (the liabilities exceeding the assets — the winding up's common trigger); the solvent winding up's contrast (the profitable company's orderly close — the members' voluntary end)); the liquidation's historical modes vs the modern insolvency-and-rescue era (the Insolvency Act 2063's reorganisation faces beside the classical liquidation — the honest note). The modern Nepali frame: the Companies Act 2063's winding- up regime + the Insolvency Act 2063 (the insolvency proceedings' statute — the bankruptcy- and-reorganisation track's interface; the reading list's text): the two statutes' coordination (the companies' winding up within the corporate statute; the insolvency proceedings' special regime — described functionally).