If you Don't want to continue your company than close your company with us by follow easy process
After incorporation of company if promoter doesn’t want to run company further than it is wise decision to close the company to save further compliance cost as we know that every year company need to do mandatory compliances ever no business happened and if you don’t do than you have to pay high penalty apart from other legal implication.
The process of removing of company from the register kept by the registrar of companies. Application for the strike off can be made by the Company who is actively working and also by a dormant company. Closing or winding up of a company is a challenging task; however, an Inactive company can be closed quickly as per section 248(2) of the Companies Act, 2013. Provided there is no assets or liabilities left in the company
Company is legal entity as registered with ROC so when the existence of the Company as a legal entity comes to an end it is known as the Closure of the Company.
Any Company except Section 8 Company which has been inoperative for more than 1 year from the date of its incorporation can apply for Closure of Company under FTE scheme.
FTE is a company closure scheme initiated by MCA for easy and faster closure of Company.
Documents required to submit with application For Striking off of the Company is Board Resolution for closure, Consent of Directors, Directors Affidavit, Indemnity Bond, Statement of Assets and Liabilities.
- Closure of the company is done voluntarily and is done through the fast track exit scheme.
- Winding up of the company may be voluntary or by the order of the Court by appointing an official liquidator to monitor the process of winding up.
- Dissolution is initiated by the Court for ending the legal existence of the Company.
To initiate the winding up process it take 10 to 14 business days however the entire process for winding up of a company can be completed within 3 to 6 months, subject to government processing times and timeline is totally depend upon the case to case basic