Private Company Winding Up

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About Winding up of Pvt Ltd Company?

A private limited company needs to be closed or windup when there are no transactions or the Directors of company are not willing to proceed its operations. The winding up process is tedious process but it is mandatory procedure. When compared to maintaining compliance for a inactive company, it might actually be cheaper to wind up a company and incorporate again when the time is right.A company that doesn’t file its compliance on time incurs fines and penalty including debarment of the Directors from starting another Company. Hence, it is better to officially wind up a company that is inactive and avoid potential fines or liabilities in the future.

Minimum Requirements for Closing Private Limited Companies are
(a) Atleast one year old from date of Incorporation.
(b) There should be no business activity from the day when resolution is passed

Procedures/Steps

Step 1:  Register in our Client Login and upload the required physical copies.
Step 2: After getting the all the necessary documents, our team willl verify all the documents and prepare the necessary application in Form STK-2/FTE and apply with the MCA for windingup of company. 2-9 days”
Step 3: After submission of application the authority, will process the application. Our team will be posting upon the updates of application processing and rsponding to the notices from Ministry of Corporate Affairs. 10-40 Days”
Step 4: After Completion ofProcess, you shall receive mail confirming the closure of your company on your registered E-mail.

Required Documents

A statement of accounts showing the assets and liabilities of the Company made up to a day, not more than thirty days before thedate of application and certified by a Chartered Accountant
Copy of Board resolution authorizing the filing of this application
Copy of special resolution passed or copies of consent obtained from Shareholders
Indemnity bonds given by director in in Form No. STK-3;
Affidavit in Form No. STK-4;

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Pricing

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