Legal Mart LLP
Legal Mart LLP
Sujan Singh Park, New Delhi, Delhi
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Business Closure Services

We are leading service provider for Closure of Business Services.

Close Your Private Limited Company

Close Your Private Limited Company
  • Close Your Private Limited Company
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Approx. Price: Rs 7,000 / PersonGet Latest Price

Service Details:

Minimum Order Quantity1 Person
Type of ServiceNew company registration
Type of OwnershipPartnership
Company TypeServices, Electronic, Industrial, Apparels
Number of Employees20

Winding Up a Private Limited Company

Winding up a private limited company is a tedious, but necessary, procedure. Without doing so, you would need to annually meet the requirements of the Registrar of Companies (which means spending money on audit and compliances). The bigger reason you would want to do this, of course, is because it releases the assets and investments made by you.

What it Involves

Public Accountant

A public accountant would be appointed by the court as a liquidator. The powers of the directors would devolve upon this person and he would be primarily responsible for accumulating all the assets of the company and paying off its debts. The surplus would then be distributed among the members.

Documents Required

A statement of account has to be prepared, stating that there are no assets and liabilities except share capital and profit and loss debit balance. An affidavit and indemnity needs to be executed by all directors. If there is any unsecured loan, a waiver letter should be submitted.

Procedure for Winding Up

30 WORKING DAYS The statement of accounts must be submitted no more than a month before submission of the application. This is a declaration to the RoC that only what is submitted is to be considered and that the company has no other assets or liabilities. 

25 WORKING DAYS

Within a month of the submission of the statement of accounts, the application must be submitted along with the documents mentioned above. Our representatives will guide you through the entire procedure. 

3 MONTHS

 

It takes at least two to three months to complete the closure of your company, but it could take much longer, depending on the findings of the liquidator appointed.

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Close Your Limited Liability Partnership

Close Your Limited Liability Partnership
  • Close Your Limited Liability Partnership
Get Best Quote
Approx. Price: Rs 7,000 / PersonGet Latest Price

Service Details:

Minimum Order Quantity1 Person
Type of ServiceNew company registration
Type of OwnershipLimited Liability Company
Company TypeServices, Electronic, Industrial, Apparels
Number of Employees20

To close down a limited liability partnership (LLP), the resolution to do so must be filed with the Registrar within 30 days of its passing. Once this has been done, the majority of the partners need to make a declaration to the effect that the LLP has no debts or that it is in a position to pay all debts within a specified period not exceeding one year from the date of commencement of winding up of LLP. Within 15 days of the passing of the resolutions, statement of assets and liabilities for the period from the last accounts closure to the date of winding up of LLP must be submitted, attested by at least two partners. A report of valuation of the assets of the LLP must be prepared.

Procedure for Winding Up

4 WORKING DAYS

We will file form 24 with the RoC along with the declaration from the partners. Along with the main application, you need to submit indemnity bonds and affidavit stating that the information is true to the knowledge of all the partners.

30 WORKING DAYS

After completing the above steps, the Registrar will publish a notice on its website containing the substance of the application for a period of one month.

10 WORKING DAYS

After one month, the registrar will remove your LLP's name from the register and publish a notice in the Official Gazette, thereby legally closing/dissolving the LLP.

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Sandeep Goyal
Flat No. 11, Ground Floor, Golf Apartment Near Sujan Singh Park
New Delhi- 110003, Delhi, India



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