Safety Razor Blade Company is a Zambian firm that deals in the manufacture and supply of 'Own Label' razors and razor blades. Since the downturn in the Zambian economy, it is no longer viable to manufacture the product in Zambia. A decision has therefore been made by the directors of the company to wind up their operations. The directors at Safety Razor Blade Company have heard that you are a meritorious Business law student and have asked you to outline the process to be followed in winding up their company. Advise them accordingly.

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Winding up a company involves the process of closing down its operations and distributing its assets among its creditors and shareholders The process ... View the full answer