Quick Contact
Need Help?
Please Feel Free To Contact Us. We Will Get Back To You With 1-2 Business Days.
Email: support@taxguider.in
Tel.: (+91) 8695008695
Download
Closure of Private limited
Running a business comes with its own challenges. Sometimes when things do not work out a business may have to be shut down. There can be several reasons to close or wind up the company. Here are four ways in which a private limited company can be closed. So, In this article we cover the following topics:
To sell off a Private Limited Company is also a kind of voluntary winding up. It can be done by selling shares of the company (selling the majority shareholding of the company). Technically speaking it is not an actual winding up but the stakes are transferred to another person or entity and the majority shareholders are discharged of their stocks and responsibilities.
Filing of a petition
The petition will be filed by the following:
- The Company or
- The Trade Creditors of the Company or
- Any contributory or Contributors to the company or
- Any or all of the above mentioned three categories or
- The Central or State Government or
- By the Registrar of the CompaniesThe petition should be in Form WIN 1 or WIN 2 and should be submitted in triplicate. The petition shall be accompanied by an affidavit in Form WIN 3.
Statement of Affairs of the Company
All the documents accompanied by petition should be audited by a practising CA and the opinion given by the Auditor on the Financial Statement must be unqualified. The statement of affairs should be in Form WIN 4 in duplicate, which should be verified by an affidavit in Form WIN 5.
EXPERT GUIDANCE
Our team of legal and accounting professionals helps you through every step of the registration and accounting process.
TRANSPARENT PRICING
Tax Guider Offers clear and affordable pricing with no hidden fees. Every fee is made clear at the beginning.