+91 90159 11300

Call Us

+91 90159 11300

Home / Services

Close Private Limited Company

We help you in creating a strong foundation of your business

Close Private Limited Company

 

 

Close Private Limited Company

A tedious but necessary process, enlist our help to reduce your headache.

Introduction

Since a company has its own separate existence, meeting regulatory compliances and existing apart from its directors and shareholders, it also has its own method of ceasing to exist, rather than an inoperative company simply ceasing to exist. Such voluntary winding up may be initiated by any shareholder, and in case the motion passes, outstanding dues must be first paid out to secured/unsecured creditors as well as employees on the payroll. Once such dues are settled, the bank accounts of the company must be closed, and it must surrender any official registrations it may hold. Any overdue compliance must also be met before an application petition for winding up can be submitted to the ROC.

Requirements for winding down a company are tedious procedural steps, so leave the work of figuring them out to our experts by signing up for our Company Closing service today, so that you can focus on life ahead of your earlier Company!

 

Why Close your Company?

Companies are generally closed for the following reasons –

  • Officially closed companies are no longer bound to maintain regulatory compliances.
  • A closed company no longer incurs any fines or penalty, and cannot cause a debarment of directors from moving forward and starting a new company or LLP.
  • Closing is a simple procedure for inoperative companies and a required step in order to extinguish any liabilities.

 

Documents required for Close Private Limited Company

  • Board meeting Resolution
  • Notice of EGM
  • Special Resolution in EGM
  • Notice to Registrar for the appointment of Liquidator
  • Notice in Official Gazette
  • Advertisement in newspaper
  • Filing of statement of affairs
  • Filing of form MGT 14

Registration Process

  • Upon signing up for our Company Closing service, our business experts review the activities of your company and determine the documents required for commencing the winding up.
  • After successfully going through a consultation, our team shall prepare an advisory helping you with the necessary steps and draft the necessary paperwork.
  • Once the required documentation is compiled, our legal team would file the same with the ROC.

Step 1

You sign up for our Employee stock option plan Services, and we put you in touch with our business, financial and legal experts, who engage you in consultations in order to understand your needs

Step 2

Post consultations, our team prepares an advisory recommending the documentation and steps required for implementing a plan that you find attractive

Step 3

Once a plan is mapped out, our team of experts are left with the worries of managing the implementation of the ESOP, while you are left free to manage your team. Sign up now!

 

FAQs

MGT 14 is filed within 30 days of passing of the special resolution.

Statement of affairs is the document which gives a detailed account of the assets and liabilities of the Company and is a necessary document in the winding up of a Company.

 

Within 14 days of passing of resolution newspaper advertisement; and a notice of the resolution is given in Official Gazette is given.

Notice is given to Registrar within 10 days of passing of Special Resolution.

India’s Leading Business and Legal Services Provider

Work Hours

Feel free to contact us for any type of Tax & Legal Services or Consulatancy services.

Contact Us

© 2024 KK Taxation LLP. All Rights Reserved. Developed By HSDA PVT. LTD.

Get In touch with us