Close the Pvt Ltd company | LegalWorkz India

Private Limited Company Closure with Legal Workz

Ensuring a Clean & Compliant Exit

Deciding to close a Private Limited Company is a significant business decision. Whether your company is dormant, has fulfilled its purpose, or is no longer viable, a proper and legally compliant closure is essential to avoid future liabilities, penalties, and legal complications. At Legal Workz, we specialize in providing end-to-end company closure services, ensuring a smooth, stress-free, and legally sound exit for your business.

Why is a Professional Company Closure Crucial?

Simply abandoning an inactive company can lead to serious consequences. A professional closure process ensures:

Elimination of Liabilities: It provides a clean break from all legal and financial obligations, including annual compliance filings with the Ministry of Corporate Affairs (MCA).
Avoidance of Penalties: Failure to follow the correct closure procedure can result in heavy fines and penalties for the directors.
Protection of Directors: A proper closure safeguards directors from being marked as “disqualified” by the MCA due to non-compliance.
Peace of Mind: It gives you the confidence to move on to your next venture without the lingering burden of a defunct company.

Our End-to-End Company Closure Service

At Legal Workz, we handle the complexities of company closure under the most common method, “Striking Off” a company’s name from the Registrar of Companies (ROC) under Section 248 of the Companies Act, 2013. Our expert service includes:

Eligibility Assessment

We first determine if your company is eligible for a fast-track closure by checking its activity status and financial position, ensuring a quick and hassle-free process.

Document Drafting & Preparation

We prepare all mandatory legal documents, including the Board Resolution, Special Resolution, Indemnity Bonds, and Affidavits from all directors.

Statement of Accounts

We assist in preparing the final statement of assets and liabilities, ensuring it is certified by a professional and reflects a "nil" status.

Application Filing

We meticulously prepare and file Form STK-2 with the ROC on your behalf, ensuring all supporting documents are correctly attached.

Liaison with Authorities

We monitor your application and respond to any queries raised by the ROC, guiding the process to its successful conclusion.

Post-Closure Formalities

We provide guidance on essential post-closure tasks, such as closing bank accounts and surrendering tax registrations (GST, etc.).

Don’t let an inactive company become a liability. Let Legal Workz provide the expertise and guidance you need for a quick and compliant company closure. Contact us today to begin your company closure journey.