If a private limited company has a good amount of funds in it, can we request it to be strike off from ROC..
If there are no creditors.
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Private limited company strike off
Replies (3)
Not possible. Only when it is being wound up under Chapter XX of this Act or under the insolvency and bankruptacy code 2016
Can the money not be distributed among the shareholders before we go for strike off?
There are checklists for winding up and insolvency acts. You have to follow them. But you can stop making sales and operations for two or three years before winding up. Please refer to those rules
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