Close a Private Limited Company in India

Q: How long does it typically take to close a company in India?

The timeline to close a private limited company in India depends on the method chosen and the company’s compliance status: Strike-Off: Typically takes 6–12 months, depending on compliance and the ROC's processing time. Voluntary Winding Up: Takes approximately 12–18 months due to the involvement of the liquidator and the Tribunal. Compulsory Winding Up: May take 2 years or more, based on case complexity.

Q: What documents are required for closing a private limited company in India?

If not closed formally, the company may face penalties, non-compliance notices, and disqualification of directors for failure to file mandatory returns.

Q: Does a professional need to be engaged to close a company?

Yes, hiring a Company Secretary, Chartered Accountant, or Legal Expert is highly recommended to ensure compliance and avoid delays or rejection by the Registrar of Companies (ROC).

Q: Can a company with pending loans or debts opt for strike-off?

No, only companies free of liabilities can apply for strike-off. If debts exist, the company must first settle or restructure liabilities or opt for voluntary winding up.

Q: What happens to the assets of a company after it is struck off?

Before striking off, the company must dispose of all its assets. If not, they are considered to be held in trust by the directors and may invite future legal complications.

Q: Is it possible to revive a struck-off company?

Yes, under Section 252 of the Companies Act, 2013, a company can be revived by filing an appeal before the National Company Law Tribunal (NCLT) within 20 years of the strike-off.

Q: What is the role of a liquidator in company closure?

A liquidator is appointed during winding up to realize the company’s assets, settle its debts, and distribute any remaining surplus to shareholders before dissolving the entity.

Q: What is a Declaration of Solvency?

It is a formal statement by directors declaring that the company can pay its debts in full within a specified period, which is mandatory in voluntary winding up under certain conditions.

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Frequently Asked Questions (FAQs)

What is the main difference between "Strike Off" and "Voluntary Winding Up"?

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Strike Off is an easier route to close a defunct company by applying with the ROC, whereas Voluntary Winding Up is a more detailed legal procedure that involves appointing a liquidator and settling liabilities before dissolving the company.

How long does it typically take to close a company in India?

What documents are required for closing a private limited company in India?

Does a professional need to be engaged to close a company?

Can a company with pending loans or debts opt for strike-off?

What happens to the assets of a company after it is struck off?

Is it possible to revive a struck-off company?

What is the role of a liquidator in company closure?

What is a Declaration of Solvency?

Why Do You Need Professional Help to Close a Private Limited Company?

Closing a private limited company in India involves navigating a complex legal framework under the Companies Act, 2013, along with multiple filings, declarations, and regulatory approvals. Errors or delays can lead to penalties, legal complications, and unnecessary compliance burdens. Here’s why RegisterKaro is the preferred partner for closing your private limited company:

Expertise in Indian Corporate Law: Our professionals are well-versed in the legal intricacies of the Companies Act, 2013. Whether it's strike-off, voluntary winding up, or handling objections from regulators, we ensure every step complies with current legal norms.
Simplified and Transparent Process: We break down the complicated closure procedures into clear, actionable steps. From preparing board resolutions to filing forms like STK-2 or MGT-14, our team handles the paperwork with precision and keeps you informed at every stage.
Cost-Effective Solutions: At RegisterKaro, we offer fixed-fee packages and cost-efficient solutions that suit startups, dormant businesses, and SMEs looking to close their companies without a heavy financial burden.
Timely and Efficient Execution: Our streamlined approach ensures that your company closure is completed within the shortest possible time, helping you avoid delays, missed deadlines, or non-compliance penalties.
Dedicated Support and Expert Guidance: You’ll have a dedicated expert guiding you through the entire process—from document collection and legal drafting to final ROC filings—resolving all your queries promptly and professionally.

Why Do You Need Professional Help to Close a Private Limited Company?

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