Closure of a Section 8 Company is easy online. Our professional CA/CS will process it with complete responsibility.
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People who are engaged in operating non-profit organizations may create a Section 8 Company under the Companies Act, 2013. If someone wants to close a Section 8 company for operating a private or public limited company or for any other reason, they have to wind up the company by following specific procedures. As it is a non-profit organization, nobody can convert it to another form of company. All its funds must be transferred to the government or to another similar non-profit organization. So, the process is somehow typical and needs to follow the minute processes. If you have been searching someone to get support of section 8 company closure or winding up, you can confidently contact Online Legal India. Our proficient CA/CS will assist you with winding up of section 8 company flawlessly from the start to the end.
The steps of closing a Section 8 company are discussed below:
The list of documents is as follows:
If anybody wants to close a Section 8 company, they must follow the post-winding-up compliance. Contact Online Legal India to learn the post-closure compliance and follow them.
If you do not want to run your Section 8 Company for any reason, you have to wind up it. Otherwise, you have to maintain it and need to fulfill the compliance persistently throughout the existence. The main purpose of winding up a company is to close a dormant firm and avoid legal obligations.
If a company or corporation fails to register its necessary compliance on time, it faces penalties. This becomes multiple unless you close the company. So, it is preferable to close the company.
When someone wants to start a new venture like the Pvt. Ltd. Company or public limited company, it is necessary to wind up a section 8 company. You cannot convert a non-profit organization to any profitable business entity. So, winding up the Section 8 Company is essential.
If you want to learn more about the Section 8 company closure process, you can contact Online Legal India. We have years of experience as CA/CSs to deal with your company winding up needs. Contact us now.
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Congrats! Section-8 Company Winding UP is Successful
We help maintain post conversion compliance as well. Contact us to learn more.
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You have to arrange general meetings, get confirmation from the debtors, settle debts and liabilities, spread the gained properties to the government or another nonprofit organization, and then file the closure form for the Section 8 Company. Then, get a certificate of successful closure of the company.
