Procedure for close of pvt company
This query is : Resolved
16 February 2018
please guide me the steps to close pvt company
16 February 2018
For Voluntary Winding Up:
- BD (Board Resolution) is required.
- majority directors must agree for winding up.
- a Special Resolution must be passed where 3/4th the total Shareholders must cast their vote in favor of winding up the company
- consent of the Trade Creditors is required. Trade Creditors has to give their approval that they don’t have any obligation if the company gets wound up.
- The Company needs to make a Declaration of Solvency and the same must be accepted by the trade creditors. -
- The Company must show the Company’s credibility in Declaration of Solvency.
- Appointed Liquidator will make a report of the assets, liabilities, reserves, capital etc.
- Above procedures shall be presented and filed in a prescribed form
- Company name shall be prohibited for 2 years to be taken by any other applicant.
- BD (Board Resolution) is required.
- majority directors must agree for winding up.
- a Special Resolution must be passed where 3/4th the total Shareholders must cast their vote in favor of winding up the company
- consent of the Trade Creditors is required. Trade Creditors has to give their approval that they don’t have any obligation if the company gets wound up.
- The Company needs to make a Declaration of Solvency and the same must be accepted by the trade creditors. -
- The Company must show the Company’s credibility in Declaration of Solvency.
- Appointed Liquidator will make a report of the assets, liabilities, reserves, capital etc.
- Above procedures shall be presented and filed in a prescribed form
- Company name shall be prohibited for 2 years to be taken by any other applicant.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- GST Reverse
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- RCM and FCM
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Director payment
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Refund of 20%pre-deposit paid for stay application
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
