Closure Of Business
Close your Private Limited Company
If the company’s owners or directors decide to shut down the operation, they may look into possibilities for closure. Striking a company’s name from the Register of Companies is the most practical or simple approach to ending a business. When a company lies inactive for a while, this is preferable. A winding-up application is another choice, but it requires more effort, time, and compliance.
Close your LLP
You must submit Form 24 to the ROC, along with declarations, indemnity bonds, and affidavits from each partner, in order to close your Limited Liability Partnership. Within 30 days following the resolution’s approval, the company’s directors must register it with the Registrar of Companies in order to close an LLP.