Business Closure & Strike-Off Services
Winding up is the legal process of closing a business entity and removing its name from the Register of Companies.
Closure may be voluntary or initiated by regulatory authorities due to non-compliance.
Modes of Closure:
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Voluntary strike-off under Fast Track Exit (FTE)
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Voluntary liquidation
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Compulsory winding up by Tribunal
The process generally involves:
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Board resolution and member approval
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Settlement of liabilities
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Preparation of final financial statements
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Filing closure forms with MCA
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Obtaining No Objection Certificates where required
Improper closure may result in future legal complications or director liability. A structured winding-up process ensures lawful exit and protection from contingent liabilities.