Private Limited Company Winding Up and Closure Services
Private Limited Company Winding Up is the legal process of formally closing a company by settling all liabilities, disposing of assets, completing statutory compliance, distributing any lawful remaining assets to shareholders, and removing the company’s name from the records of the Ministry of Corporate Affairs (MCA). Once the process is completed, the company legally ceases to exist as a registered entity.
A company may be closed when business operations have stopped, the business is inactive, the promoters decide to discontinue operations, the company becomes financially unviable, there are no future business plans, or the owners wish to exit lawfully.
Private Limited Company closure is commonly done through:
– Voluntary Strike-Off under Section 248 of the Companies Act, 2013
– Formal Winding Up through Tribunal/NCLT where liabilities, disputes, or legal complications exist
For inactive companies with no major liabilities, voluntary strike-off through Form STK-2 is commonly used. The company must generally clear all liabilities, close bank accounts, complete pending annual filings, settle taxes, obtain consent from shareholders, and prepare required documents such as board resolution, indemnity bond, affidavit, statement of accounts certified by a Chartered Accountant, and special resolution where applicable. MGT-14 may also be required before STK-2 filing depending on the closure structure.
Where the company has creditors, disputes, pending litigation, or serious financial obligations, winding up through the National Company Law Tribunal (NCLT) may be necessary instead of simple strike-off.
RadhaPrem Legal Service provides complete professional support for Private Limited Company winding up, voluntary strike-off, STK-2 filing, ROC compliance, legal closure management, and post-closure advisory to help businesses complete secure and lawful closure.
We assist in board resolution drafting, shareholder approval, MGT-14 filing, STK-2 filing support, creditor settlement guidance, CA-certified statement preparation support, tax compliance review, bank account closure, ROC approval handling, and complete legal documentation.
Whether you are closing an inactive startup, exiting a business, dissolving a family company, or restructuring your corporate operations, our expert legal team provides reliable and end-to-end support for smooth company closure.
Our focus is on compliance safety, liability settlement, proper documentation, legal approval, and professional guidance for successful company winding up.
Our Private Limited Company Winding Up Services Include:
- Private Limited Company Closure and Winding Up
- Voluntary Strike-Off Through STK-2
- Board Resolution and Shareholder Approval Support
- MGT-14 and ROC Filing Assistance
- CA-Certified Statement of Accounts Preparation
- Creditor Settlement and Liability Closure Support
- Bank Account and Statutory Compliance Closure
- NCLT Winding Up Support for Complex Cases
- Post-Closure Compliance Management
- Professional Legal Consultation for Company Closure
Contact us today for trusted Private Limited Company winding up services, business closure support, and professional legal consultation for secure and successful company closure.