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Closure of Private Limited Company

Easy and quick closure of your Private Limited Company with Taxoutlook experts

Rs.11,999/- Only

#Govt. fees additional as per actuals

Features

  • Quick closure of Private Limited Company under Fast track Exit Scheme
  • Company should have been inoperative for more than 1 year
  • Company to have zero Liabilities and Assets
  • Easy Compliance management from Taxoutlook

What's Included

  • Preliminary consulting on Company Closure
  • Statement of Accounts preparation
  • Drafting of Resolutions
  • Filing of Forms with ROC
  • Closure Update

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Close your Private Limited Company

Now , Get your Private Limited Company Closed Quickly and easily online with TAXOUTLOOK in 3 Simple Steps

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Our experts provide you all the information needed

Step 1

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Step 2

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Step 3

Private Limited Company Closure

In business environment, not everything can go as planned. Entrepreneurs or members of the company may sometime prefer to close the Company and move ahead with other plans. 

A Private Limited Company can be closed either voluntary or strike off process. The strike off process is the simplest way to close the Company. In simple words, it’s the quickest and easiest way to shut a non-profitable Organization.

Private Limited Company closure

Strike-off of Private Limited Company

The Private limited Company can be removed through Fast Track Exit Scheme by filing an application with ROC. Once an application is filed, it takes around 3-4 months for company to be strike off. This method is suitable when the company has nil assets and the liabilities.

Winding up of Limited Company

This method is applicable for companies having assets and liabilities and is a more complex process than strike off method under Fast track Exit scheme. In case of winding up, liquidator is appointed to manage the affairs of the winding up. This is done by holding a meeting approved by at least 2/3rds of creditors participating in the meeting. The management Board submits to the commercial registrar a request in writing, the member’s dissolution resolution and minutes of General Meeting.

Pre-requisites for Strike Off Process

  • The company has filed all the due Annual returns till the date of ceasing the operations.
  • The company does not have management disputes or does not have any pending litigation with regard to shareholding or management of the company.
  • No order is in operation staying filing of documents by a court or tribunal or any other competent authority.
  • The company is not incorporated for charitable purposes under section 8 of the company
  • The company is neither listed nor delisted for noncompliance of listing agreement.
  • No inquiry, scrutiny, technical inspection is pending or ordered against the company
  • The company has failed to commence business within one year of its incorporation.
  • The company is found to not carrying on any business or operations after the physical verification.
  • Company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company.

What you get

    • Preliminary consulting on Private Limited Company Closure Process.
    •  Preparation of resolutions and statement of accounts.
    •  Preparation of affidavits and Indemnity bonds.
    • Filing of respective forms with RoC.
    • Digital Signature Certificate as applicable (optional).
    •  Add on Services at extra cost ( optional)

Documents Checklist

  • 1. Certified true copy of the Board resolution for filing the strike off application

    2. Statement of account duly certified by a chartered accountant not later than 30 days from the application date.

    3. Affidavit in form STK-4 and indemnity bond in form STK-3 duly notarized.

    4. Certified true copy of the special resolution.

    5. KYC details of the Directors and the company

    6. Digital signature Certificate


Private Limited Company strike off process

  • Our compliance expert will be in touch with for the documents. Once you share these documents, we will complete the filings of necessary forms with RoC. 

    1. Hold Board meeting for approval of strike off application and to approve the notice for General Meeting.

    2. Pass special resolution in General meeting to make an application with the Registrar of Companies for striking of name.

    3. File e-form MGT-14 with ROC within 30 days of passing Special resolution.

    4. Prepare indemnity bond and affidavits as per the format

    5. Statement of accounts to be prepared and certified by a Chartered Accountant.

    6. File e-Form STK-2 with the ROC within thirty days of date of statement of accounts.

    You don’t have to worry about the above process as our Compliance experts will help you in getting the company registration smoothly, quickly and hassle-free

Glossary of Terms

DIN

DIN represents Director Identification Number. DIN is specific and unique to an individual. Even if an individual is director in multiple companies, he has to obtain only one DIN. No person can be appointed as a director in any company without DIN.

RoC

Registrar of Companies

FAQ's on Private Limited Company Closure

A Private limited Company which has not started the business within one year of its incorporation or has not carried any operation for a period of two immediately financial years, can apply for strike off .i.e. close the company.

The application process will take 15-20 days to complete. Thereafter, ROC will take 3-4 months to strike off the name from the ROC records.

Yes. If the company is not active. It can save on yearly compliance cost, Audit fees, late fees and unnecessary risk of non-compliance.

Yes. The company should have NIL assets and liabilities for filing strike off application and also the statement of assets and liabilities should be certified by a Chartered Accountant.

Yes. Taxoutlook provides end to end Incorporation, accounting and audit, GST, Income tax filing services so that you don’t have to worry about the ticking all the compliances.

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