The company, after solving all its liability, has to distribute the excess among the shareholders and then formally dissolved or cease to exist. Thus, the main objective of winding up of a company is:

A. To facilitate the protection of its assets

B. To convert the company into private company if it is a public company

C. To convert the company into public company if it is a private company

D. To change the Memorandum and Articles

Answer: Option A