CLOSE YOUR PVT LTD

ABOUT CLOSE YOUR PVT LTD

If a business owner or director decides to close or discontinue  the business, they may consider closing options. The most practical or easiest way to close a business is to remove your name from the register of companies. This is more appropriate when a business is inactive for a certain period of time. Other options include a liquidation petition, but it requires more time, investment, and compliance. After passing the delisting, the name of the company will be removed from the register and, therefore, it does not exist before the law. The company must meet all the conditions before proceeding with the request for delisting. Claims come with various documents and require professional assistance. The transfer of a limited company is also a type of voluntary liquidation. This can be done by selling shares in the company (selling controlling shares in the company). Technically, this is not a real liquidation where the stakes are transferred to another individual or entity and the majority shareholders have fulfilled their actions and responsibilities.

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