Company Closure in India under Companies Act

Close Company

Challenges are an integral part in the smooth functioning of a company. Sometimes these challenges can be overcome while sometimes they mark the closure of a company’s operations. It may seem like a failure or a setback, but it’s more of a strategic decision to focus on new opportunities. As per the company act, 2013, provisions to close a company are more legally appealing than starting it and failure to abide by it may even lead to legal judicial action against the promoters of the company.

Documents required to Close a company

Board Resolution

Copy of resolution mentioning the appointment of a liquidator.

AoA

Having clauses about the winding process of the company.

Final account statement

Duly prepared by the liquidator.

List of creditors

Containing their contact information and payable debt by the company.

Close Company Cost

We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.