6. Winding Up & Disslution

Winding Up & Dissolution Services

Simplifying Closure with Professional Expertise

Closing a company is just as important as starting one – and it must be done the right way. Whether your business has achieved its objectives, become dormant, or is no longer viable, our Winding Up & Dissolution Services ensure a smooth, compliant, and hassle-free closure. As experienced Company Secretaries, we provide end-to-end support so you can exit your business legally and confidently.

What is Winding Up & Dissolution?

Winding up is the legal process of closing a company by liquidating its assets, settling liabilities, and distributing the remaining funds among stakeholders. Once all formalities are completed, the company is dissolved, meaning it ceases to exist in the eyes of law.

This process is crucial to avoid future liabilities, penalties, or legal complications with ROC, GST, or Income Tax departments.

🛠 Types of Winding Up

Voluntary Winding Up

Initiated by the company itself when it's solvent

Can be done by passing a special resolution

Ideal for businesses that no longer need to operate

Compulsory Winding Up (By Tribunal)

Ordered by the NCLT (National Company Law Tribunal)

Initiated due to insolvency, fraud, or non-compliance

Involves a detailed legal process and court orders

Fast Track Exit (FTE) Scheme / Strike Off

Simplified route under Section 248 of the Companies Act

For companies with no liabilities and not operational for 2+ years

Quickest way to close a dormant or non-functional company

🕒 Estimated Timelines

(Timelines depend on ROC processing, document accuracy, and public notice period.)

Levels of Service We Offer :

Legal Provisions & Governing Laws

Companies Act, 2013

Section 248 – Strike off by Registrar

Section 271 to 275 – Compulsory Winding Up by Tribunal

Section 304 to 323 – Voluntary Winding Up

Insolvency & Bankruptcy Code (IBC), 2016

Applicable in cases of insolvency for corporate persons

Companies (Removal of Name of Companies from the Register of Companies) Rules, 2016

🔍 Key Services We Offer

Evaluation of your company’s eligibility for winding up

Preparation and filing of Board & Shareholders’ Resolutions

Drafting of affidavits, indemnity bonds & necessary declarations

Filing of e-forms with MCA (like STK-2, MGT-14, etc.)

Liaison with ROC and NCLT (if applicable)

Guidance on settlement of liabilities and closure of bank accounts

Finalization of books of accounts and statutory compliance

Public notice filing and legal documentation

📋 Documents Required

Certificate of Incorporation

MOA & AOA

PAN of the company

Bank closure certificate

Board and shareholder resolutions

Statement of accounts

Affidavit & Indemnity bond (duly notarized)

⚖️ Benefits of Proper Dissolution

Avoid legal troubles and penalties

Protect directors from future liabilities

Ensure clean exit with ROC compliance

Peace of mind with expert handling

Why Do Clients Choose Winding Up Services?

To avoid future penalties or legal issues from a non-functioning company

To comply with statutory requirements under Companies Act, 2013

To formally close a business that’s inactive or facing insolvency

To restructure business operations or shift to new ventures

👨‍ Why Choose Us?

Experienced CS professionals with in-depth legal knowledge

Transparent process and timely updates

Tailored advice for your specific business case

Affordable and compliant service delivery

Let’s Close the Chapter with Clarity & Confidence

If you're ready to move forward, or just need clarity on the best way to dissolve your company, we're here to help. Reach out today for a consultation and let our team take the burden off your shoulders.