Winding Up Of Public Limited Company

A Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges.A public limited company is dissolved by resolution of the shareholders or by judicial decision. In general, the dissolution of a public limited company consists of three key stages.

  • Adopting a dissolution resolution and submission of the dissolution resolution;
  • Liquidation;
  • Deletion of the public limited company from the Commercial Register.

Process

What you do

You just need to fill our simple form and provide necessary documents that are required for the Winding up of the Public Limited Company.

What We do

We will prepare and file your documents for the closure of your business with Registrar of Companies via FTE (Fast Track Exit Scheme).

What you get

Once the request for closure will be accepted by the ROC you will receive all the documents including Certificate issued by the ROC confirming closure of the business

Frequently Asked Questions

Is filing an application of closing with ROC a must?

Yes, it is necessary to file closing application with the Registrar as it needs to be updated and the Company is free from all legal compliances and officially closed.

What documents are required for Closure of Company?

Application for Striking off of the Company, Board Resolution for closure, Consent of Directors, Director’s Affidavit, Indemnity Bond, Statement of Assets and Liabilities.

Which Company is eligible to apply for Closure of Company?

Any Company which is not a Section 8 Company and has been inoperative for more than 1 year can apply for Closure of Company under FTE scheme.

How long does the closing of a public limited company take?

It takes at least 6 months to close a Public Limited Company

  • Name of the partnership firm.
  • Place of business of the firm.
  • Names of any other places where the firm carries on business.
  • Date of joining of each partner.
  • Name and permanent address of the partners.
  • Duration of the firm.

The statement must be signed by all partners or by their agents specially authorised in this behalf.

How many shareholders approval are required to proceed with the application of dissolution?

A minimum of 2/3rd of the total of shareholders must adopt the resolution of the Company.

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