Get 360° Online Assistance for Fast Approval from the Govt. of India and Registrar of Companies (ROC) for Pvt. Ltd Company Closing Down / Winding Up Process.
At different stages of the company life cycle, a director or the shareholders may decide to close down the organization for numerous reasons. Get the country’s recommended CA Panel’s assistance from Online Legal India to complete the required steps following the provisions of Section 2(94A) in the Companies Act, 2013 and the Registrar of Companies (ROC).
As per the Companies Act, 2013 and the ROC, the winding up process can be initiated by various parties of the concerned organization:
If a private limited company wishes to close down all its business operations, bank accounts and winding up the organization, the management of the organization (Including the directors, agents, investors, shareholders, etc.) is required to follow the procedure of the Companies Act, 2013, and the Registrar of Companies (ROC).
Failing to do so, the liable individual would face civil or criminal offense as per Section 284 - 356 of the Act. The law enforces imprisonment of upto 5 years or a fine of Rs. 10 Lakhs or both.
As per the provisions of the Ministry of Corporate Affairs (MCA) & Registrars of Companies (ROC), a private limited company can shut down as per below 2 categories:
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The Expert will Prepare and ask for Your Approval for Company Winding Up process
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Filing and Processing of Company Winding Up will be Done!
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The pvt ltd company winding up process can be done by either the company’s concerned parties like Director(s), Shareholders, Creditor(s) or the State / Central Govt. along with the Registrar of Companies (ROC).
