We want to sell our Pvt Limited Company

If you’re looking to sell a private limited company like Varad Engineering and Infrastructure Pvt Ltd, here are a few tips and steps to keep in mind:

1. Valuation:
   Get a professional valuation done to determine a fair price based on assets, turnover, liabilities, ongoing contracts, licenses (like your PWD Electrical contractor license), and goodwill.

2. Due Diligence:
   Prepare all company documents — financial statements, tax returns, licenses, contracts, compliances, minutes of meetings — to share with potential buyers.

3. Legal & Regulatory Checks:
   Make sure all MCA filings, GST returns, and other regulatory compliances are up-to-date. Also, check if licenses are transferable or need fresh approvals after sale.

4. Confidentiality:
   Use Non-Disclosure Agreements (NDAs) when sharing sensitive company data with potential buyers.

5. Marketing:
   You can list the sale on platforms like CACLUBIndia, industry portals, or engage a business broker who specializes in company sales.

6. Negotiation & Agreement:
   Negotiate terms including price, payment schedule, liabilities, and employees. Draft a Share Purchase Agreement (SPA) with help of a legal expert.

7. Transfer Process:
   Transfer of shares, updating MCA records, GST registration transfer or new registration as applicable, and other statutory formalities.