Afiq is the managing director of Western Sdn Bhd. The board of directors and shareholders have been arguing a lot lately and they are facing difficulty each time they want to make a decision. The company's financial advisers have advised Afiq that they should consider winding up the company. Afiq has come to you for advice on how to wind up the company in his situation and what are the effects of the commencement of winding up to the company. Advise Afiq.