Winding up of a Company

All inclusive Fee Rs. 18000 Only

As a private limited company is a creation of law, it can be closed by procedures established by statute only. The reasons for closure could be many. However, the circumstances in which a company is being closed is what matters for the process which needs to be adopted.

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  • BEST PRICE GUARANTEE
  • 12+ YEARS OF EXPERIENCE
  • 8K+ BUSINESS REGISTERED

Private Limited Company Closure

A business may be required to be closed due to various reasons, like non-operation, closure of business, recurring losses, the passing of the key managerial person, the dispute among promoters, un-ability to pay debts of the company, etc. Closing or winding up of a company is a challenging task, where the directors and shareholders must first decide on the best method available under The Companies Act, 2013. To wind up the company. In case the company does not have liabilities or debts to pay it can be closed voluntarily by a unanimous decision of all the shareholders of the company and after that, an application can be filed with the registrar to strike down the name of the company from its register. However, where the company have debts to pay, or there are creditors/liabilities, or where the shareholders could not resolve to close the company, National Company Law Tribunal (NCLT) must be approached with the appropriate application.

 
 
 
 

Close inactive Company Faster

01
The company did not start any business operation after its incorporation, or in case it started business activity it is Inactive since past two years.
02
If the company Does not have any asset or liability and the bank account of the company was either not opened or if opened is closed now
03
The directors shall give a personal affidavit and indemnity bond to settle any liability which may arise on company in future
04
An application for closure needs to be filed with the ROC for declaring the company as defunct and for striking off its name from the register of companies.

Close Company Having Liability

01
The directors/shareholders need to decide to close the company and after that convene a meeting of creditors by giving them proper notice
02
The creditors shall decide about closure with at least 2/3 majority and an application for closure to be filed with NCLT
03
The official liquidator shall be appointed who will dissolve the assets of company and deal with liabilities and file his report with NCLT
04
NCLT based on the merits of the case shall deliver its decision for closure of company and after that the same need to be conveyed to the ROC

Closure of Company By NCLT

01
In case the shareholders could not arrive to close the company due to their difference, an application for closure by NCLT may be filed
02
Where the number of directors is reduced below the statutory minimum of two directors for a period of more than six months
03
Where the Company has not filed its annual return or the financial statement after audit to the ROC for five consecutive years,
04
If NCLT is satisfied that the Company is acting against the interest of the sovereignty or integrity of India, security of the state or public order.

Step Wise Procedure For Company Closure In India

Closure of Bank Account

The bank account if opened need to be closed before the procedure of closing the Company can be started. The directors need to approach banker with a request for closure and obtain a closure certificate from the bank that the account maintained with them has been closed.

Closure of Bank Account

Pricing For Closure of Inactive or Defunct Private Limited Company

All Inclusive Pricing
Company closure

table
  • Free Adisory
  • Drafting of resolution and letter for Bank Closure
  • Preparation of Statement of Assets and Liability
  • Drafting of Resolution for Closure of Company
  • Drafting of Affidavit & Indemnity Bond
  • Application Filing with ROC & Followup
  • News Paper Advertisement
  • Surrender of PAN Card
  • Surrender of TDS Number
  • Surrender of Vat & service Tax/GST Registration
Call Us: +91-9899600605
Basic Pack
price
18,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Resolution for Closure of Company

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax/GST Registration

Silver Pack
price
24,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Resolution for Closure of Company

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax Registration

Gold Pack
price
31,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Resolution for Closure of Company

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax Registration