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When a company stops operating in India, directors cannot simply shut down the office and walk away. Indian law requires them to follow a formal legal procedure before a company can cease to exist. Two primary legal methods allow companies to close operations: strike off and winding up. Understanding the difference between strike off and […]
Closing a company sounds simple until compliance comes knocking. Many businesses simply stop operating yet remain legally active, triggering annual filings, late fees, and unwanted notices from the Ministry of Corporate Affairs (MCA). This silent exposure often goes unnoticed until penalties pile up. That is where the STK-2 Form becomes essential. When filed correctly at […]
Introduction This article discusses the offences by Officers of Companies in Liquidation and the discipline set down under Section 336 of the Companies Act, 2013. This section ensures that the liquidation pattern of the association moves along true to form, and the directors don’t forestall the cycle in that frame of mind by committing offences […]
Section 270 Definition and Meaning Winding up of a company is the process through which a company’s existence and operations comes to an end. Its property is evaluated at realisable value and distributed to the beneficiaries like its members and creditors. A Liquidator is appointed to take control of the company who realises its assets, […]