If you are running a business, then you are already aware of the risks that are involved with it. To that end, there are times when the business just stops working out for you. Now, even when you have put your heart and soul into that company, you might have to close it under this circumstance.
Furthermore, there are also times when you might have to close the company if there are some fraudulent conditions within your premises. There are several ways to do so. However, when you are thinking about closing your company under Companies’ act 2013, there are 4 ways that you can do this. These 4 ways to do so:
If the company is registered under the companies act and engaged with certain activities tha5ta redeemed fraudulent, then the tribunal closes this company down on a compulsory basis. The procedure to do so entail:
Now, if your company is not making any profit and you have to close it down on a voluntary basis, then there is a lost list of compliances that you will have to follow through with. Once you are adhering to them, the process of voluntary closing is as follows:
This is another kind of voluntary winding up. To that end, you can actually sell of your company. The way to do so is the following:
A defunct company gets the status of a dormant company. This company can be closed down using a fast-track procedure. The way to do so is to file the form STK-2:
However, the defunct company should be:
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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