10 Points
Posted on 11 January 2025
To close a Private Limited Company in India, follow these steps:
- Clear Liabilities: Settle all debts, statutory dues, and liabilities.
- Board Resolution: Pass a resolution to close the company.
- File with ROC: Submit Form STK-2 to the Registrar of Companies (ROC) for striking off.
- File Final Accounts: Submit the company’s final financial statement.
- No Pending Litigation: Ensure no legal cases are pending.
- Publish Notice: Announce the intention to close in a local newspaper.
- ROC Approval: ROC reviews the application and, if compliant, issues a Certificate of Striking Off.
In general, closing a company process in India may take 2-3 months to get it done completely. Consult a professional (CS or CA) to ensure proper compliance to close your company successfully and setting yourself free from compliance worries and related penalties.