Winding Up of Company

Rs.19,900.00

Including Government Fee

Voluntary winding up of a company can be initiated at any time by the shareholders of the company

Winding Up of Company

Price: Rs.19,900.00

A private limited company is an artificial judicial person and requires various compliances like appointment of Auditor, regular filing of income tax return, annual return filing and more. Failing to maintain compliance for a Company could result in fines and/or disqualification of the Directors from incorporating another Company. Therefore, if a private limited company has become inactive and there are no transactions in the company, then it is best to wind up the Company.

Voluntary winding up of a company can be initiated at any time by the shareholders of the company. In case there are any secured or unsecured creditors or employees on-roll, the outstanding dues must be settled. Once all the dues are settled, the bank accounts of the company must be closed. Finally, the company must regularize any overdue compliance like income tax return or annual filing and surrender the GST registration. Once, all activities are stopped and the registrations are surrendered, the winding up application petition can be filed with the Ministry of Corporate Affairs.

TaxFino can help you wind up your Company, quickly and easily. The timeline for winding up of a company could also differ from case to case, based on unique circumstances. To discuss more about winding up a company, get in touch with a TaxFino Expert.

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Benefits

  • A company can be closed by filing an application with MCA online. Hence, the process for closing a company is fast and easy in India through TaxFino

  • A company that doesn’t file its compliance on time incurs fines and penalty including debarment of Directors from starting another Company. Hence, it is better to officially wind up a company that is inactive and avoid potential fines or liabilities in the future

Eligibility

  • The Company should be non-operational for at least 2 financial years to apply for winding up

  • All overdue compliances of the Company must be regularized and registrations surrendered to close the company

Documents

Latest Audited financial statements
Bank Account Closure Certificate
PAN & Aadhaar of Directors
FAQ

Do you have Any Questions?

I have stopped business of my Company. Can I close the Company?

The Company needs to be non-operational for at least 2 financial years to apply for winding up.

For winding up a Company, all the mandatory ROC compliances (including annual filing, auditor appointment filing etc.) need to be filed first.