closing a limited company-Venture Care

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Closing a ltd company Venture care
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Venture care can help you guide through the
process for winding up a limited company or how
to close a limited company easily also helps in
the closing a ltd company.
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COMPANY CLOSURE SERVICES IN INDIAThere are a
number of companies, which are registered under
the Companies Act, 1956/2013, but due to various
reasons they are inoperative since incorporation
or commenced business but became inoperative or
defunct later on. closing a ltd companyA
company requires various compliances like the
appointment of Auditor, the regular filing of
income tax return, annual return filing and more.
Failing to maintain compliance for a Company
could result in fines and/or debarment of the
Directors from incorporating another Company. To
enable inactive private limited companies to
quickly close or wind up, the Ministry of
Corporate Affairs has introduced Fast Track Exit
Mode - an easier way to close inactive companies
at a cheaper cost with lesser formalities.
Venture Care can help you guide through the
procedure for the closure of your company quickly
and easily.
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WHAT ALL YOU GET?

• Copy of e-forms FTE(for private limited or
  OPC)/e-form 24(For LLP) as the case may be filed
  with the Registrar of Companies
• Copy of the payment challans of e-form FTE(for
  private limited or OPC)/ e-form 24(For LLP)
• Proof from Registrar of Companies that the
  company or LLP has been striking off from their
  record
• Closing a ltd company

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ADVANTAGES OF CLOSING COMPANY UNDER FAST TRACK

• Avoid Compliance -
• Fast track exit used can be used close a company
  that is not active and avoid compliance
  responsibilities.
• 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.
• Low Cost
• Easy to Close
• Fast to Close
• Avoid court processes
• Legal action is halted
• Outstanding debts are written off
• Protection from Personal Liabilities to
  directors
• Get to know about how to close a limited company
  here .

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Thank you