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Winding Private Limited Company

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Company registration cancellation involves the formal process of terminating the legal existence of a company. It requires fulfilling regulatory requirements, settling liabilities, and notifying relevant authorities to ensure a proper and lawful dissolution of the company.

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Documents Required for cancellation of Company Registration

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Affidavit

Indemnity Bond

Statement of Account

Board Resolution

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Cancellation of Company registration including Government Fee. (Excluding Penalty)

Market Price: ₹24,899

Our Fee: ₹18,500

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Frequently Asked Questions

What is a private limited company?
A private limited company is a type of business entity that is privately held and has limited liability. It is a legal structure where the liability of its shareholders is limited to the amount of their share capital. It is denoted by the suffix “Private Limited” or “Ltd” in its name.
What are the requirements for registering a private limited company?
The requirements for registering a private limited company include the following:
A unique company name
A registered office address
A minimum 2 shareholders
A minimum share capital
And the appointment of directors.
Is commercial space necessary to start a company?

No, having commercial space is not always a requirement to start a company. The need for commercial space depends on the nature of your business. Here are a few options to consider:

Home-based business: Many businesses, especially those in the service or online sectors, can be operated from a home office.

Co-working spaces: These shared office spaces offer flexible arrangements where you can rent a desk or workspace in a communal office environment. Co-working spaces provide amenities like internet access, meeting rooms, and a collaborative atmosphere.

Do I have to visit the Registrar of Companies (ROC) office in person while setting up a company?
Online registration systems or allow the use of authorized agents or professionals to handle the registration process on behalf of the company. These digital systems or intermediaries can simplify the registration process and eliminate the need for physical visits to the ROC office.
Is Private Limited Incorporation to be renewed every year?
No, Private Limited Incorporation does not need to be renewed every year. Once a private limited company is incorporated and registered, it does not require renewal on an annual basis. The company continues to exist until it is voluntarily dissolved or struck off the official register. However, it is important to fulfill annual compliance requirements. These ongoing obligations ensure that the company remains compliant with the legal and regulatory framework.
Can the office address of a company be changed after incorporation?
Yes, the office address of a company can be changed after incorporation. Companies often need to change their office address due to various reasons such as relocation, expansion, or business requirements.

In general, the steps to change the office address involve notifying the appropriate authorities, such as the Registrar of Companies or similar regulatory bodies, and updating the company’s official records.

Is it necessary to show the capital at the time of incorporation?
After the company is registered, it is typically required to open a company bank account. Within a specified period, usually within two months of incorporation, the shareholders have the flexibility to deposit the share capital into the company’s bank account. This allows for the smooth functioning and financial operations of the company.

The share capital represents the initial capital contribution made by the shareholders of the company and acts as a financial resource for the business. Depositing the share capital in a bank account ensures that the funds are available for the company’s operations and can be utilized as required.

Advantages to Disolve Private Limited Company
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Free from Debts

After the process of liquidation is complete, directors and all other company personnel are released from all obligations to and pressure from creditors.
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Comparingly low cost

The charges or expenses related to the process of liquidation are typically minimal, as they primarily involve fees associated with the sale of assets.
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Avoiding Legal Action

Once the resolution is willingly approved, directors will be able to disregard any legal action taken by the court or tribunal, allowing them to shift their focus towards other commercial prospects.
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Advantages for Creditors

After a protracted legal struggle, creditors will ultimately benefit from the process of liquidation. They will be eligible for a default payment, which takes into account the proposition of credits supplied by all creditors.

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