The life of the Company come into existence by legal procedure through incorporating it. Therefore it enjoys the legal status and widerange of the rights and obligations under the statute. Moreover, the life and death of the Company are also legally manufacture phenomena. As per the article of association of the Company, the closing the affairs of the Company or wind up the Company is a legal tactic. Hence this article seeks to find out mechanism of winding up or shutting down the affairs of the Company under the different Companies Laws. This article also examine the scope of the winding up of the Company under these statutes.