It is very easy to start any company, as for registering a
company the applicant only needs to submit the application form along with
relevant documents and fees but to close a company certain requirements are
there that are needed to be followed. Any company that wants to shut down
itself cannot directly close it, there is a process for winding up which the
company has to follow either the company is One Person Company or
a Private Limited Company. No company can apply to strike off the
company before completing its one year from the date of registration, one year
should be completed by the company before its closure. And along with that, no
business shall be commenced by the company for at least one year, then a
company can be closed after one year of registration. The directors of the
company need to file a form for winding up of the company along with the reason
and approval from at least 75% of the shareholders of the company along with
the required fees.
Whereas the second option is to get struck off by the registrar, if any company
fails to file the annual compliance return to the ROC then the
registrar will strike off the name of the company but this will cause penalty
for the directors as the registrar will disqualify all the directors of the company
for 5 years and during this period the directors cannot be appointed as a
director in any company.
You need to provide all the documents and DSC of the director of your company
We will draft all the required documents and will send you the soft copy of all the documents for the physical signature. Once the documents are signed you need to send the scan copy of those documents
After receiving the signed documents we will send them for the notarization and CA certification
After notarization and CA certification, we will fill the form with relevant information and will sign it by the DSC of the director and the professional and will be filed to the registrar
After receiving approval from the Registrar we will forward
it to you.
Sell the Company:- Selling the company means taking out your stake from the company and get discharged from all the responsibilities and stocks. It is just a normal transfer under which all the rights and liabilities of the company from one person to another. Selling a company doesn’t mean to close the company under this the company will run but the owner will be changed.
Compulsory Winding Up:- The right to wind up the company lies with the Tribunal (NCLT) under this if any company is unlawfully doing its activity or fraudulent manner or even take part in any unlawful or fraudulent activities then the Tribunal shall wind up the company and will remove its name from the register of companies.
Voluntary Winding Up:- The voluntary winding up application is filed by the company with the approval of shareholders by passing a resolution in the general meeting.