Closure of a Private Limited Company

Easily Close your Business

Strike off the Private Limited Company @ ₹ 20,000/-

Voluntary Winding Up

Winding up a company voluntarily require long procedural compliance to follow. There are certain mandatory requirements which have to be completed to close down a company voluntarily. A company can be wound up voluntarily in the situations mentioned below:

– The company passes a resolution in its general meeting upon the expiry of the duration for which it is formed, or upon the occurrence of any event in respect of which the articles provide for its dissolution, or
– The company passes a special resolution (with approval of at least 3/4th of the shareholders) for a voluntary winding up of the company.

The voluntary winding-up commences from the date of passing of the resolutions mentioned above. The company should also appoint a Company liquidator in the same meeting. Such an appointment should also be confirmed by a majority of the creditors (in terms of value) of the company.