Dear members,
What is the procedure to close a private limited company ? How long does it take normally ?
Its urgent. Pls reply...
Thanks in advance.....
Shridhi Jain (Company Secretary) (1678 Points)
21 May 2011Dear members,
What is the procedure to close a private limited company ? How long does it take normally ?
Its urgent. Pls reply...
Thanks in advance.....
CS Bijoy
(Expert)
(6394 Points)
Replied 23 May 2011
Basically Private company is governed by their AOA, in case in AOA no procedure is mention regarding winding up than the company take the procedure of member voluntery wind up in case no debts remain and creditors in case any debt remain.
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