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WINDING UP OF THE COMPANY

This query is : Resolved 
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(Querist)
19 January 2008 Company paid upshare capital is 15 lacs

Accumulated lossed 9.5 lacs

Cash and Bank Balances 5.5 Lacs

Share holders want to withdraw the cash and bank balance.

What is the easiest option available for closing the company ?
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shilpa

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shilpa (Expert)
20 January 2008 Rather than going for winding up option you can also go for the sec.560 procedure,e.i. stricking off the name of the company from the register of ROC.

Winding up is the lengthy procedure and also that will not be a cost effective.
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