Close Your Private / Public Limited Company
Close your company or firm easily with the help of experts here.
Call to get the best quotation !
No Hidden Fees, Quick Turn Around Time
Close Your Private / Public Limited Company
Closing or winding up a company means when a business owner is Closing all the operations happening under the company name. One may have to wind up his/her company due to many reasons like bankruptcy, loss, closure of a business entirely, etc. A company can be wound up either by the tribunal or voluntarily under the provisions specified in Section 270, Companies Act 2013, (Substituted by Insolvency and Bankruptcy Code, 2016).
Legal Brother’s has a dedicated team of legal experts in company incorporation and company closures. You may request your company’s closure in Delhi, Mumbai, Bangalore, Kolkata, Kanpur, Bareilly, Lucknow, Kanpur, Ghaziabad, Ludhiana, Faridabad, Meerut, Varanasi, Srinagar, Amritsar, Allahabad, Chandigarh, Bareilly, Moradabad, Gurgaon, Aligarh, Jalandhar or any other cities in India.
Voluntary Winding Up
Voluntary winding up means without the tribunal interventions. Voluntary wind up happens with the consent of the members/ creditors of the company without any supervision by court. But, the respective person has to file the related and necessary documents before the court once the winding up is complete in order to obtain the orders of dissolution. Voluntary Winding Up of the companies under Winding up of a company under the Companies Act, 2013 have been totally omitted in Insolvency and Bankruptcy Code 2016.
Tribunal Winding Up
Tribunal winding up happens when the company has done any illegal, unlawful act, participated in fraudulence and theft. In these cases, the company has to get wound up as specified under the Companies Act 2013, India. Section 270 shall apply to the winding up of the company by tribunal read with THE INSOLVENCY AND BANKRUPTCY CODE, 2016.
The Section 275 of Winding up of a company under the Companies Act, 2013 for the appointment of Company Liquidators have been replaced by insolvency Professionals, who are appointed and governed by the Tribunal as per Insolvent and Bankruptcy Code 2016.
