Closure of Private Limired Company

Closing the company, company strike off clearance has become comparatively easier now.Fast track exit mode has come to the rescue if one wishes to close the company and strike of its name from the register of companies.

Got Queries? Request a call from an Business Consultancy.

Call Now Whatsapp Now



CLOSURE OF PRIVATE LIMITED COMPANY

Private Limited Company is not running properly or faces continuous losses, it is better to close such private limited company and look for a new beginning.

A private limited company needs to be closed or windup when there are no exchanges or the Directors of company are not willing to proceed its operations. A private limited company generally can be shut by both voluntary and compulsory circumstances.

WE SERVE EVERYWHERE

praveenatax.com is web portal of Govche India Private Limited with operations since 2010. praveenatax.com is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe

FREE CONSULTATION

Got Queries? Request a call from an Business Consultancy.

Get Started

INCOME TAX

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

BUSINESS LICENSES

Our Professionals Will help you in getting your business licensesand Business
licenses necessary for smooth running of businesses.

FINANCIAL SERVICES

we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights.

GST RETURNS

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN.

WHAT ARE THE PROCEDURE FOR LLP CLOSURE?

  • The LLP must pass a resolution in favor of its winding up with approval of at least 3/4th of its total number of partners. This resolution should also be supported by at least 2/3rd of its creditors in value.
  • Within 15 days of passing such a resolution a declaration in an affidavit duly signed by the majority of the designated partners of the LLP, should be submitted to the Registrar. This declaration must clarify that the LLP has no debts, or if there are some debts, the LLP is able to pay off those in full through sale of its assets, in a maximum of one year period, counted from the date of the commencement of winding up. A copy of the resolution for winding up is to be submitted to the Registrar within 30 Days of passing the same.
  • Within Two Weeks of the receipt of the consent of sufficient creditors in favor of the resolution of winding up, the LLP is required to advertise its notice of resolution in a newspaper which is widely read in the region where the registered office of the LLP is located.
  • Within 30 days of receiving creditors’ consent, the designated partners are then required to appoint a Liquidator to carry out the necessary processes of winding up, along with maintaining proper books of accounts. Then, the Liquidator is required to submit the report together with the resolution to the Registrar, and file an application for winding up to the Tribunal. Submission of other documents mentioned above, is also to be made.
  • In case the Tribunal gets satisfied with the processing of winding up and necessary accounts, then it will pass the permission for dissolution of the LLP. Then, the liquidator needs to file the order of Tribunal with the Registrar along with an application requesting winding up. Finally, the Registrar will publish a notice in the Official Gazette regarding the dissolution of the said LLP.

WHAT INCLUDES IN THIS PACKAGE?

  • Verification of Documents
  • Applying DPIN and DSC for the partners
  • File LLP Agreement
  • Incorporation Certificate will be delivered

FAQS

The approved name of LLP shall be valid for a period of 3 months from the date of approval.

The accumulated loss and unabsorbed depreciation of firm is deemed to be loss/depreciation of the successor LLP for the previous year in which conversion was effected. Thus such loss can be carried for further eight years in the hands of the successor LLP.