Procedure of closure of Pvt Ltd Company

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YVS Nageswara Rao (Querist)
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26 April 2010 Dear All,

Can anybody advice the procedure for closure of Pvt Ltd Company limited by shares u/s 560, which inoperative for past several years and no assets.

with regards

YVS Nageswar Rao

CS Jithesh (ACS,)

CS Jithesh (ACS,) (Expert)
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26 April 2010 If a company is being wound up u/s 560 following are the main steps

1. File form No 61 with the required informations with RoC but following information has to be provided .
Date of Incorporation
CIN,
Whether any amount is due to company from directors
particulars of directors and shareholders
whether any liabiliy to outsiders if so to th eextend of the same
Liability of the company to creditors
position regarding filing of forms with RoC
Audited accounts which shows no assets and
Affidavit verifying the application

2.After receiving first show cause notice by RoC , proper representation has to be made to RoC regarding the reasons for strike off.
3.The rpresentation should be made with in 1 month of the receipt of notice.
4.Obtain an affidavit from MD WTD or 2 directors to the effect that the company has no assets and liabilities as on date and has not been carrying any business,.
5.The aforesaid has to be submitted by audited b/s and p/l which proves the same.
6.Prepare an Indeminity bond
7.After that RoC publishes an official gazatee in which the name will be striked off, any creditor or any other person may make representation to him objecting the strike off . But before that RoC should convince the requirement of strike off u/s 560.

With Regards

CS Jithesh

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YVS Nageswara Rao

YVS Nageswara Rao (Querist)
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27 April 2010 Dear Mr.Jithesh,
Thankyou for your response and feedback.
with reagards,
YVS

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Guest

Guest (Expert)

27 April 2010 Agreed with above answer