Given below are some Differences between winding up and dissolution of a firm:
1. Winding Up is first stage where assets/liabilities are realised/paidoff whereas Dissolution is final stage where company ceases to exist.
2. Winding up is carried on by liquidator appointed by company/court whereas Order for dissolution is given by court only.
3. Creditors can prove their debts in winding up but not on dissolution .
4.The Liquidator does have any important role in the dissolution but the same has very import.ant role in dissolution.
5. Dissolution is a process after winding up of the company.