Closure of Pvt Ltd Company

We have 1 Pvt Ltd Company, which was incorporated in 2019. Company carried out business for 1 year and from last 1 year there is no transaction in company.

 

Can we close the company?

Replies (3)
Quick Summary
If your Private Limited company, incorporated in 2019, has had no transactions for the past year, you can indeed close it. Voluntary winding up is a viable option, even if the company hasn't been operational for just one year. You do not need to wait for two years of inactivity to proceed with closing the company.

If company has not been working for last 1 year then you might close the company
Yes Voluntarily winding Up is possible after passing Special Resolution
No wait for two years

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