How to Close a Private Limited Company?

By

How Close to a Private Limited Company?

Running a Bussiness is one of the biggest challenges.  Some time in business is gone wrong may be shut down business there can be several reasons to close or wind up the company. There are Four-way to close or Windup the private Limited company. 
They are as follow: 

Sell the Company


Compulsory Winding Up

Voluntary Winding Up


Defunct Company Winding Up


Sell the Company

To sell off a Private Limited Company is also a kind of voluntary winding up. it is done by selling the company share to another person.


Compulsory Winding Up

Any company registered in India under the Companies Act, which did an unlawful act, fraudulent act or even if they contributed any action in some fraudulent or unlawful activities then such company would be wound up compulsorily by the Tribunal.

Voluntary Winding Up

Voluntary Winding-up of the company is a very long procedure. there is a certain rule to follow to close the company. 

Defunct Company Winding Up : 


As per the Companies Act, 2013, a Defunct Company is a company that has gained the status of a Dormant Company. The government provides certain relief to such defunct or dormant companies because there are no financial transactions undertaken by dormant companies.
The Companies Act, 2013 laid down the procedure for winding up a Defunct Company.

Comments

Post a Comment

Post your view here

Popular posts from this blog

Income tax Due Date Extended by www.dhanvijay.com

By
Belated ITR, tax-saving deadlines, and Aadhaar-PAN, Vivad se Vishwas, extended to June 30, 2020 . Various income tax officials associations, tax Consultants, Political Leaders, Normal Taxpayers, and chartered accountants, since Monday, have been asking the Central Board of Direct Taxes (CBDT) to extend these deadlines because of the lockdowns across various states. What is in the extensions:- All of these actions had to be completed by March 31 earlier. Amid curfews and lockdowns due to the Covid-19 pandemic, the government has decided to extend the deadline for settling tax disputes under the Vivad se Vishwaas scheme without paying any interest and penalty from March 31, 2020, to June 30, 2020. The extension of the deadline means that individuals can now settle their tax disputes by the new deadline without paying any penalty and interest. Pointwise Extensions:- Compliance deadlines for individuals to June 30, 2020. Linking Aadhaar with PAN, Making investme...
Read more

GST Filling Date Extended

By
Finance Minister extends deadline for GST returns to June 30 from March 31 The FM made these announcements during her address to the media on measures to tackle the economic impact of coronavirus the last date for filing  GST  returns for March, April and May has been extended to June 30. The deadline for composition returns on GST has been also been extended to June 30, 2020. companies with less than Rs 5 crore turnover won't be charged interest or penalty for the late filing of GST. Bigger companies will have have to pay the interest amount at 9 percent for delayed filing of GST, but no late fee or penalty will be levied. The last date for opting for the compensation scheme has been extended to June 30, 2020.
Read more