2+ Lawyers are online
Want to know the procedure to close down the private limited company
14-Dec-2023 (In Corporate Law)
I had registered a pvt limited company . We are a technology product company with no revenue model yet. Also we do not have any employees so we have no salary expenses also. Basically there are no income as well as expenses. I want to shut the company. How should I proceed?We have not even opened a bank account yet.
If you want to close the company then Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register of Registrar of company can apply in Form FTE for strike off its name from the register maintained by ROC as per Guidelines for ‘FAST TRACK EXIT MODE’ issued vide General Circular No. 36/2011 dated 7.6.2011.
Similarly, ROC has also power to strike off any defunct company after satisfying himself of the need to strike off a defunct company and has reasonable cause. But before passing any order in this regard, an opportunity of being heard must be provided to the defunct company by following the due procedure u/s 560.
168+
Adv. Chikirsha Mohanty
Delhi | 200+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way
whatsoever as this is based on the information shared by the person posting the
query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to
address the specific facts and details.
No Comments! Be the first one to comment.
- icici bank wrong transaction refund money 095-7040-3764
- Legality of paid esports tournament platform under PROGA 2025
- additional commissioner gst penalty appeal rejected coimbatore.
- Request for cancellation or withdrawal of b pharmacy admission and ret
- Legal Opnion required for Health Support & Discount Service Complianc
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
