Strike off, closure, dissolution and liquidation
If the company shareholders or directors decide to discontinue or wind up the business, they may consider various options of the closure of the business. Most feasible or easiest way to close a company is striking off its name from the records maintained by ROC. This is preferable when a company is inoperative for a certain period of time.
Contact UsOn approval of the strike off, the company’s name is removed from the records of the ROC and thus, it is not existent in the eyes of laws. The company must fulfil all the compliance before proceeding for the strike-off application. The application is accompanied by various documents and requires assistance from the professional.
By managing the dissolution process efficiently, we ensure that the company/LLP is dissolved in a compliant manner, protecting the interests of stakeholders, and minimizing any legal or financial risks.
Liquidation in India can happen for several reasons. One thing that is certain, however, is that you need a team of professional consultants to guide you through the process.
The challenges of liquidating your company can be a lot to juggle. There are many affairs to set in order before this can happen. As such, appointing a professional team of experts who know the exact nature of the process can be beneficial. We will save you time, money, and man-hours involved by ensuring a smooth transition from start to finish.
We, at CACS offer complete services in connection with the following:
- Filling of the requisite forms and submitting the statutory documents such as declaration of solvency report, auditor’s report and registered valuer’s report, etc.
- Assisting in appointing a liquidator for the winding up proceedings.
- Submitting the order for winding up with the ROC within the prescribed period.
- Corporate insolvency services. We advise and assist in drafting of demand notices to enable our clients pursue legal actions against debtor companies by invoking provisions of the Companies Act, 2013.
We also provide our services to debtor companies to defend against such notices and petitions. We assist companies to wind up voluntarily and strike off their names from records or become dormant under the Companies Act, 2013.
We through our expert team of professionals offer conversion of financial statements in XBRL language and filing thereof with the ROC.