Closure of Company

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Closing a company is a critical decision that involves a series of legal procedures to ensure a smooth exit without future liabilities. Whether your company is inactive, facing financial difficulties, or you simply want to shut it down, Nirmal G & Associate offers end-to-end assistance in Company Closure to ensure that you meet all regulatory requirements seamlessly.

 

Methods of Company Closure

 
  1. Voluntary Strike-Off (Fast Track Exit Mode)
    Applicable when the company has no liabilities and no significant operations. This process involves filing for voluntary closure with the Registrar of Companies.

  2. Winding Up by Tribunal
    This method applies when a company has outstanding debts or is unable to continue operations due to financial instability. The tribunal (NCLT) handles the winding-up process.

  3. Compulsory Winding Up
    Initiated by a tribunal or creditors when the company is unable to pay its debts, has violated regulations, or has engaged in fraudulent activities.


 

When Should You Opt for Company Closure?

  • No Operations or Activity: If your company has been inactive for a significant period.
  • Avoiding Compliance Burden: To avoid recurring ROC compliances and penalties for non-compliance.
  • Financial Constraints: When the company cannot meet its financial obligations.
  • Business Discontinuation: If the business is no longer viable or relevant.

 

Our Services for Company Closure

  1. Advisory & Documentation
    We provide expert advice on the appropriate closure method and prepare the required documents.

  2. Filing of Forms
    We handle the filing of necessary forms, such as Form STK-2 for voluntary strike-off, ensuring error-free submissions.

  3. Clearance of Liabilities
    Our team assists in settling outstanding liabilities, if any, before initiating the closure process.

  4. Approval from Authorities
    We coordinate with the ROC and other relevant authorities to obtain approval for closure.

  5. Final Compliance Check
    We ensure that all pending ROC filings, including financial statements and annual returns, are completed before applying for closure.


 

Documents Required for Company Closure

  1. Board Resolution for closure of the company
  2. Consent of Shareholders (special resolution with 75% majority)
  3. Indemnity Bond signed by directors
  4. Affidavit by directors declaring no pending dues
  5. Statement of Assets & Liabilities certified by a Chartered Accountant
  6. No Objection Certificate (NOC) from creditors (if applicable)
  7. PAN Card, MOA, AOA, and Incorporation Certificate of the company

 

Why Choose Nirmal G & Associate for Company Closure?

  • Expert Guidance: Our professionals have in-depth knowledge of ROC rules and company law.
  • End-to-End Support: From document preparation to final approval, we handle everything.
  • Minimized Liability: We ensure that all compliance requirements are met to protect directors and shareholders from future liabilities.
  • Timely Execution: We work efficiently to close your company at the earliest.
  • Transparent Pricing: No hidden charges—only fair and upfront fees.

 

Ready to Close Your Company? Let’s Make It Simple!

If you’re considering closing your company, don’t let the complex procedures and paperwork hold you back. Contact Nirmal G & Associate today and let us handle the process for you.

Phone: +91-9582223278, 7827083804
Email: nirmalgassocaites@gmail.com 
 
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