Closure of a Company
- For inoperative companies
- Fast Track Exit
- Simple and Secure Online Process
- Dedicated Professional
- Expert CS Advice
- Get the strike off in 2 months
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Introduction
Whenever a Company is incorporated a Certificate of Incorporation is granted by the Registrar of Companies which admits the existence of the Company. Once the name of a company is entered in the registers of the Registrar it cannot be removed from the same until and unless the Company applies for the removal or is initiated by process under law. The Registrar has power to strike off the name of the Company from the registers if it fails to commence its business or fails to submit the yearly returns.
Running a business is difficult as there are a certain set of complications and challenges faced by the businessmen. If the things do not work properly the business may have to shut down properly.
It is a long process for winding up a Company but there are some companies which can apply under fast track exit for striking off its name. A fast track exit scheme is a company closure scheme initiated by the MCA for easy and fast closure of the Company.
Firm Registration can help you with the strike off/Closure of Private Limited Company just by following certain steps by providing the best assistance, timely delivery and guaranteeing the highest customer satisfaction You may get in touch with our team on call or email info@firmregistration.in.
Process of Closure of Private Limited Company
1. Complete Questionnaire
2. Document Processing
3. Application for Strike Off
4. Preparation and filing of the same with MCA
5. Publishing the strike off after approval of the MCA
Companies who cannot file for Closure of Private Limited Company
- all the listed companies
- vanishing companies
- companies whose application for compounding is pending before the competent authority
- companies having charges which are pending for satisfaction
- Companies that have been delisted due to non-compliance of listing regulations
- companies where inspection, investigation or prosecutions is ordered and being carried out in the Court
- companies, which have accepted public deposits which are either outstanding or the company is in default in repayment of the same
- companies registered under section 25 of the Companies Act, 1956 or section 8 of the Act.
FAQ's On Closure Of Company
The said Form has to be filled with the ROC within 30 days from the respective date of the Signing of the Statement of Assets and Liabilities.
It can be made only if the company repays or extinguishes all of its liabilities and also receive a No Objection Certificate (NOC) from the respective creditors of the Company before the filing of the closure application and also conduct the meeting of Directors upon the closure by signing a special resolution i.e. consent from seventy-five percent members.
- Companies which are not operating or not carrying on any business since last two year from the date of application or,
- Companies which are not operating or not carrying on any business within one year of incorporation and,
The Registrar of Companies can also remove the company’s name from the list of companies if, he has reasonable cause to believe that:
- A Company failed to commence its business within one year of its incorporation; or
- A company is not carrying on any business or operation for two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company.