Winding up of of a Business
Get Started – From Rs. 4,500/- + Govt Fees
If a Business has become inactive and there are no transactions in the company, then it is best to wind up the Company and look for a new beginning. Failing to maintain compliance for a Company could result in fines and/or debarment of the Directors from incorporating another Company. The Ministry of Corporate Affairs has introduced Fast Track Exit Mode, to enable inactive private limited companies to quickly close or wind up. It is an easier way to close inactive companies at a cheaper cost with lesser formalities. AuditNeeds can help you wind up your Company quickly and easily.
Minimum Requirements for Closure of Private Limited:
- Should not have carried out any business activity or operations for last one year or since incorporation.
- Should have NIL Assets and Liabilities.