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Want to close newly incorporated private limited company due to some issues

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Siddhisports ipl

1 Points Posted on 24 June 2019

We have incorporated private limited company recently and received CIN, PAN and TAN etc from ROC. Due to some technical and commercial issue, we want to close the same at the earliest. Since compliance are very stringent. Any one can help me to know process for the same. Thanks in advance

Replies (2)

Naveen Roy

2 Points Posted on 14 November 2020

Hi have you closed the company any way i was also facing same issue please guide me sir

Guest

To close a Private Limited Company in India, follow these steps:

Clear Liabilities: Settle all debts, statutory dues, and liabilities.
Board Resolution: Pass a resolution to close the company.
File with ROC: Submit Form STK-2 to the Registrar of Companies (ROC) for striking off.
File Final Accounts: Submit the company’s final financial statement.
No Pending Litigation: Ensure no legal cases are pending.
Publish Notice: Announce the intention to close in a local newspaper.
ROC Approval: ROC reviews the application and, if compliant, issues a Certificate of Striking Off.

In general, closing a company process in India may take 2-3 months to get it done completely. Consult a professional (CS or CA) to ensure proper compliance to close your company successfully and setting yourself free from compliance worries and related penalties.