Methods of Company Closure
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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. -
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. -
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
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Advisory & Documentation
We provide expert advice on the appropriate closure method and prepare the required documents. -
Filing of Forms
We handle the filing of necessary forms, such as Form STK-2 for voluntary strike-off, ensuring error-free submissions. -
Clearance of Liabilities
Our team assists in settling outstanding liabilities, if any, before initiating the closure process. -
Approval from Authorities
We coordinate with the ROC and other relevant authorities to obtain approval for closure. -
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
- Board Resolution for closure of the company
- Consent of Shareholders (special resolution with 75% majority)
- Indemnity Bond signed by directors
- Affidavit by directors declaring no pending dues
- Statement of Assets & Liabilities certified by a Chartered Accountant
- No Objection Certificate (NOC) from creditors (if applicable)
- 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.