What is Close Your Private Limited Company?

Winding up a private limited company is a tedious, but necessary, procedure. Without doing so, you would need to annually meet the requirements of the Registrar of Companies (which means spending money on audit and compliances).

The bigger reason you would want to do this, of course, is because it releases the assets and investments made by you.

Required Documents

  • A statement of account has to be prepared, stating that there are no assets and liabilities except share capital and profit and loss debit balance.
  • An affidavit and indemnity needs to be executed by all directors.
  • If there is any unsecured loan, a waiver letter should be submitted.

Process

  • 30 Working DaysThe statement of accounts must be submitted no more than a month before submission of the application. This is a declaration to the RoC that only what is submitted is to be considered and that the company has no other assets or liabilities.
  • 25 Working DaysWithin a month of the submission of the statement of accounts, the application must be submitted along with the documents mentioned above. Our representatives will guide you through the entire procedure.
  • 3 Months It takes at least two to three months to complete the closure of your company, but it could take much longer, depending on the findings of the liquidator appointed.

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