Opening Hours : Mon - Sun

WindingPrivate Limited Company

Winding up involves complete shutdown of all business opearations, transcations, and thereby involves selling off the company's assets to other individuals, in order to satisfy company's debt.

Our Customers

Professionals

Partners

Talk To An Expert

Step 1

Filling of a petition.

Step 2

Voluntary winding up

Step 3

Defund company winding up

Overview

Benefit

Process

Documents Required

FAQ

Shreya Pandey
Online
Finemate Consultants Pvt. Ltd
(4.5 Ratings)
Call Now
Chat With Us

Winding Private Limited Overview

There are several ways to wind up a private limited company in India such as selling the company, mandatory closing up, closing the company voluntarily, and closing the defunct company.Closing down 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

What Are The Benefits of Winding Private Limited Company?

(1) Evading lawsuit against the organization

(2) All rent/lease contracts will be dropped.

(3) Comparingly low price for liquidation

(4) Favorable circumstances for loan venders

What is the Procedure of Winding Private Limited Company?

(1) Closing down 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

(2) A meeting of the creditors must happen

(3) The members and creditors are required to appoint or a group liquidators

(4) They must incorporate a committee of inspection as well

(5) The process of winding shall be initiated, in accordance with the provison of law

Documents Required For Winding Private Limited Company?

(1) PAN card of the director entity.

(2) Certificate of closure of the company's bank account.

(3) Last statement of company's account

(4) A copy of the resolution passed by the board members.

(4) Application for removing the name of the corporate entity.

FAQs

(1) What is winding private limited company?

(2) What are the companies which are not eligible for voluntary winding-up?

(3) What are the companies that can apply for fast track winding up?

Subscribe Our Newsletter