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Steps involved in splitting brands in 3 directors and closing company


24-Feb-2023 (In Corporate Law)
Steps involved in splitting brands into 3 directors and closing a Pvt LTD company
Answers (2)

Answer #1
715 votes
If you want to wind up the company, you can wind up the company voluntarily after complying with the companies act and other requirements. For splitting up the 3 brands, you can have the required agreement on the same.
Answer #2
844 votes
Steps involved in splitting brands in 3 directors and closing company
1. Splitting of Brands may be done so amongst the 3 Directors through an Assignment Deed . However with the approval of the Shareholders if the Private Company is limited by Shares.
2.The Closure of a Company is well enunciated under Sec 560 of the Companies Act 1956, unless the Company was formed under the 2013 Act.

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