25/12/2019

What is the process of Winding up a Private Limited Company?

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In India, closing a Private Limited Company is possible in two different ways – compulsory winding-up and striking off. A closure is enforced when the Company fails to comply with a lot of mandatory compliances. Therefore, if a company is unable to carry out its business operations for a considerable period and does not expect it to revive shortly, it is better to shut down that Company and avoid penalties resulting from non-compliances.

Read More :- What is the process of Winding up a Private Limited Company?
Tags: windig up of company / close private limited company / compulsory winding up of a priviate limited company

 

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