Easily Close a Company

An inactive or dormant company can be wound up to avoid annual compliance formalities and penalty for non-compliance. Fillingguru offers winding up of a private limited company from Rs.24899/-

From Rs.24899 /- all inclusive fees EMI: Rs.2223 for 12 months*

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Winding Up of a Company

A private limited company is an artificial judicial person and requires various compliances like appointment of Auditor, regular filing of income tax return, annual return filing and more. Failing to maintain compliance for a Company could result in fines and/or disqualification of the Directors from incorporating another Company. Therefore, if a private limited company has become inactive and there are no transactions in the company, then it is best to wind up the Company.

Voluntary winding up of a company can be initiated at anytime by the shareholders of the company. In case there are any secured or unsecured creditors or employees on-roll, the outstanding dues must be settled. Once all the dues are settled, the bank accounts of the company must be closed. Finally, the company must regularise any overdue compliance like income tax return or annual filing and surrender the GST registration. Once, all activities are stopped and the registrations are surrendered, the winding up application petition can be filed with the Ministry of Corporate Affairs.

Fillingguru can help you wind up your Company, quickly and easily. Fillingguru can help you initiate the winding up process within 10 to 14 business days. The entire process for winding up of a company can be completed within 3 to 6 months, subject to government processing times. The timeline for winding up of a company could also differ from case to case, based on unique circumstances. To discuss more about winding up a company, get in touch with a Fillingguru Advisor.

Reasons to Winding Up of a Company

Avoid Compliance

A company is a legal entity and a juristic person established created under the Companies Act. Therefore, a company is required to maintain regular compliance throughout its lifecycle. Winding up process can be to close a company that is not active and avoid compliance responsibilities.

Fast to Close

A company can also be closed by filing an application with the MCA in about 3 to 6 months. The entire process can be completed online. Hence, the process for closing a company is fast and easy in India through Fillingguru. 
 

Low Cost

When compared to maintaining compliance for a dormant company, it might actually be cheaper to wind up a company and incorporate again when the time is right. IndiaFilings can help you wind up a company starting from just Rs.24899 all inclusive fee. 
 
 

Avoid Fines

A company that doesn't file its compliance on time incurs fines and penalty including debarment of the Directors from starting another Company. Hence, it is better to officially wind up a company that is inactive and avoid potential fines or liabilities in the future. 
 

Easy to Close

A company with minimal or no activities that has maintained proper compliance can be closed very easily in India. If any compliance is overdue, the compliance must first be regularised and registrations surrendered to close the company.

Easy to Close

The Proprietor and the proprietorship are one and the same for all legal purposes. Hence, there is no formality for winding up or closing a proprietorship. In most cases, to close a proprietorship, only the tax registrations obtained in the name of the proprietor must be cancelled. 
 

Pick The Best Plan For You

SIMPLE & TRANSPARENT PRICING

Basic

Rs.24899

all inclusive fees
  • Winding up a private limited company for which income tax compliance is maintained upto date.
Standard

Rs.34899

all inclusive fees
  • Winding up a private limited company along with 1 overdue income tax filing.
Complete

Rs.45899

all inclusive fees
  • Winding up a private limited company along with 2 overdue income tax filing.

Check Company Name Availability

Check availability of company or LLP name in India against the MCA and trademark database.

How we help with winding up of a company

Fillingguru.com can help you wind up a company in about 3 to 6 months, subject to government processing times.

Free Consultation

Got questions? Request a call from a filling guru Business Advisor.

Company Review

A Business Expert reviews the activities of the Company and determines if it is ready for winding up and advises on the formalities. The review process would be complete in 2 - 3 working days.

Document Preparation

The necessary documents are prepared by an Expert for winding up of the company along with all attachments for signature. Documents will be prepared by the Expert in 10 - 15 working days depending on the size of company.

Winding Up Application

Company winding up application along with the necessary documents are submitted to the MCA. MCA will usually approve the application for winding up and closing of the company in about 3 to 6 months, subject to processing time.

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