Process for Wind up or Closer of Company
Price starts with Rs. 8000/-
Complete Online Document Submission & Application Tracking
Overview – Closer of Company / Winding up of company
Closing a company under the Companies Act 2013 is a process of liquidation, which is followed when the company has no more assets to pay off all its liabilities. The procedure of company closure is managed by the Companies Act, of 2013. The closer process can be initiated by the company Director or the Company can appoint a Liquidator for the settlement of all dues and process for the closer of the Company.
Further, when a Company is brought to an end because of certain reasons it is called company closure. If a company or business goes bankrupt or the business fails or there is a major loss the close company is initiated. Closing a company means closing of a company. Before closing the company money has to be paid off to the creditors and assets are distributed among the authorities. The process of closure up includes a lot of documentation and legal procedures. There are multiple steps that have to be followed in order to close a business under Companies Act 2013.