Jyoti Aggarwal (COMPANY SECRETARY) (336 Points)
03 July 2010Dear Learned Members
Pls give me suggestion in the following case:
one of our company wants not to carry on any business in future.
So my ques is whether we have to go for voluntary winding up of the company or under sec 560 for striking off the company.???
Also tel me the what are the procedure and time involved for both the schemes??
pls rply on urgent basis.....
vivek
(CS)
(751 Points)
Replied 03 July 2010
Upto my knowledge if your company is doig business yet you must have asset and liabilities so you will have to go for Volunary Winding Up.
vivek
(CS)
(751 Points)
Replied 03 July 2010
Disolution is being done once winding up process comes to an end.
Nitin Grover
(CS)
(1228 Points)
Replied 03 July 2010
Dear Jyoti
In both you have to disposed of your liab. & Assets. So, firtly disposed of it and stop doing business
In my suggestion go for Dissolution u/s 560 because it will save your cost and time
In winding up min 2 years and cost will bw min 3-4 lakhs.
Regards
Jyoti Aggarwal
(COMPANY SECRETARY)
(336 Points)
Replied 03 July 2010
Thanks for your replies...
Can anyone send me the all draft documents needed in this regard......
Rashmi
(Company Secretary)
(49 Points)
Replied 06 July 2010
Draft documents are attached.
Jyoti Aggarwal
(COMPANY SECRETARY)
(336 Points)
Replied 06 July 2010
Thanks for the documents.........
CAclubindia
