Closure of a company is the result of any possible reasons.An inactive or dormant company can be wound up to avoid annual compliance formalities and a penalty for non-compliance.
DealTax helps you to wind up the company with Fast Track Exit Model.
Winding up of a company may be required due to several reasons including the closure of business, loss, bankruptcy, passing away of promoters, etc., The procedure for winding up of a company can be initiated voluntarily by the shareholders or creditors or by a Tribunal.
Closing a company voluntarily require long procedural compliance to follow. Certain mandatory requirements have to be completed to close down a company voluntarily.
The steps can be followed online even. DealTax follows an easy procedure to close a company online.
Even though the business of the company is closed unless closure documents are filed and approved by the ROC, the company is not legally closed and the OPC needs to file all the regular returns.