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Urgent Please

Pankaj Arora (Learner) (3134 Points)

16 February 2011

Dear All

We want to close our Pvt. Ltd. Company Please let me know the procedure? Please don’t attach any file write in your language step by step process.

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13 Replies

Jaideep (Service) (1368 Points)
Replied 16 February 2011

Hi,

For pvt company it will be more convineant to adopt voluntary wind-up. Get windingup resolution approved from Board and Members,creditors, if any, and file petition to High court. Court will appoint liquidator and act accordingly...

Regards

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Sudhir Garg (Service) (236 Points)
Replied 16 February 2011

Dear Jai

I advise to go for applying as defunct company u/s 560 rathen than for winding up.

Regards

sudhir

Jaideep (Service) (1368 Points)
Replied 16 February 2011

Thanks Sudhir for your comment...

I dont know much abt defunct company U/s 560, but for defunct company...some criteria is needed... like no activities in company, no creditors and etc...

Pankaj Arora (Learner) (3134 Points)
Replied 16 February 2011

could please tell me like point wise what what need to do close company ?

Mohammed (CS, Mcom, LLB) (857 Points)
Replied 16 February 2011

Hi,

There is an Easy Exit Scheme going on till April 30, 2011 you can avail it and close the company as per the criteria which are available on the MCA webiste... Its fast easy and convenient...

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Mohammed (CS, Mcom, LLB) (857 Points)
Replied 16 February 2011

For further reference refer the below article

/articles/easy-exit-scheme-2011-7802.asp

Sudhir Garg (Service) (236 Points)
Replied 16 February 2011

Yeah, Mohammed is right. If your company fulfils the criteria, its better to go for it

Anand Raghuvanshi (no) (37 Points)
Replied 16 February 2011

its depand if there is no Loan, land and bulding and investment in your balance sheet then go through Easy exit scheme but remember it is available only up to 30th april 2011. Secondly if there is creditors and land and you are filed your balance sheet and return up to date then file and application with ROC under section 560 of Company Act. Third and last option is Voluntry windup but it will take long time.

Pankaj Arora (Learner) (3134 Points)
Replied 16 February 2011

Guys could you give format to file an application u/s 560 of company act.

navneet bhandari (pune) (29 Points)
Replied 16 February 2011

Is there any time gap required between year of pcc passing and final exam attempt...my final year attempt is due on may-11.....i clered pcc in feb-11.

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Mohammed (CS, Mcom, LLB) (857 Points)
Replied 16 February 2011

Dear Pankaj,

The format are available in MCA website and also in CA Club.. search a little and you will get all the formats

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Mohammed (CS, Mcom, LLB) (857 Points)
Replied 16 February 2011

Dear Navneet,

I guess you had posted it in different Forum... repost it in Student Forum for prompt and quick response

1 Like

navneet bhandari (pune) (29 Points)
Replied 16 February 2011

Is there time gap required bewteen year of pcc passing and final year attempt....i clered pcc in feb-11....my final year attempt due in may-11...can i attempt?