Closure Of Pvt Ltd Company
₹ 9999 /-
Closure Private Limited Company
How Can a Private Limited Company Be Closed? A private firm can be shut down in one of four ways. The business may be discontinued or shut down at the owners' or directors' discretion. The company's directors swear under oath that they are in charge of the attempt to liquidate the business.
Private limited company requests to be wound up or closed
The company is unwilling to carry on with business as usual
500
Clients
10
CA/CS
4.9
Customer Rating
99.9
Customer's Satisfaction
Advantages of Closure Up of Company
From debts and responsibility
Payments to investors or creditors
Low lost need for liquidation process
Withdrawing legal action from the company
Official liquidator
Protection for investors
Closure Private Limited Company
Documents needed to file the appeal
Identification proof
Proof of identity like PAN Card/Aadhar Card/Voter ID card.
Evidence of residence
Residence proof such asPassport/Driving License/Voter ID Card.
Account statement
Bank account statement that has been properly certified by an accountant.
Affidavit
Affidavit in Form STK-4 and Indemnity bond in Form STK-3 duly notarised.
Certificates
Director's Registered Digital Signature Certificate for executing the form.
Board resolution
Authenticated copy of the board resolution authorising the submission of this application.
Procedure For Liquidation
The process of selling the company's premises and assets in a summary liquidation.
Money transfer to creditors or investors
Official Liquidator's Responsibilities
Obligations and tasks assigned to the official liquidator
Order of Closure
After conducting a thorough investigation and the Official Liquidator provides a report on all verification processes, the Central Government may order to begin the Closure-up process in the same manner that a company or organization is wound up by the tribunal.
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Frequently Asked Questions
According to (R. 34), CL may submit an application for list rectification following settlement.
Document required for closing a business:
Resolution from the board of directors authorizing the closing of the business.
Indemnity Bond from all the Directors of the company. An affidavit from all the directors of the company.
Financial Statements with NIL Liabilities.
First, the shareholders must pass a resolution to wind up the company. This resolution must be filed with the Registrar of Companies (ROC). Once the ROC approves the resolution, the company must give public notice of its intention to close.
How to Close Private Company in India? A Company closure is filed under Form STK 2 (Earlier form was FTE) along with the government fees of Rs. 5000/- and some necessary docs. However it is important to note the cases where closure can be filed.
A single director CANNOT close /dissolve the company. HOWEVER, IF there are misappropriations, malfunctions and non-compliance of the statutory laws, THEN proper proceedings have to be filed before the ROC, for initiating dissolving /closure of company.
The company will stop doing business and employing people. The company will not exist once it's been removed ('struck off') from the companies register at Companies House. When you liquidate a company, its assets are used to pay off its debts. Any money left goes to shareholders.
The form WIN 4 is required.
Information must be more than 30 days old when a petition is filed.
Verification must be made by an affidavit on form WIN 5.
Unless he gives up his security, a secured creditor must disclose the specifics of his security.
will only be able to cast a ballot about any remaining sum that is owed to him after deducting the value of his security.
A meeting of the creditors and members must be called by CL.
The tribunal has the authority to order that a vacancy not be filled.
Despite a vacancy, the committee may continue as long as it has at least two members.
A copy of the petition must be provided to every contributor.
24 hours after the request was made.
