Cancellation of Private Limited Company – Made Easy by GST Suvidha Centre
What is Cancellation of Private Limited Company?
Cancellation of Private Limited Company is the act of legally winding up a company formed under the Companies Act, 2013. Once a company is not in operation or no longer engaged in business activities, action must be taken to close the business in the proper manner. GST Suvidha Centre provides a quick and effective process for the Cancellation of Private Limited Company Online to avoid unnecessary legal or financial aspects in the future.
Why should you cancel your Private Limited Company?
If your company is inactive or has not filed its annual return, it is better to legally close the company. Failure to take action could result in creating significant penalties, including disqualification of the directors. The Cancellation of Private Limited Company in India obliterates the name of your business from the MCA registry, therefore, the directors are discharged from all liabilities.
Reasons for Cancellation:
- Inactivity or not carrying out any business operation
- Failure to commence business within 1 year of incorporation
- Non-compliance, such as failure to file annual returns, default in statutory payments
- Financial issues such as insolvency, losses
- Voluntary closure
- Regulatory issues, such as fraudulent or illegal activities
- Other reasons, such as a lack of the required number of directors or members, inactive bank accounts
What is the process of closure of a Private Limited Company online?
A Private Limited Company can be closed in 3 major ways –
1. Fast Track Exit – Strike off under section 248
- Best for Dormant or inactive companies
- The company can apply in case of no business activity for the last 1 year before the application or since incorporation
Steps:
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Board Meeting & Resolution for closure
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E-clearance from Directors (Affidavit & Indemnity Bond)
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Prepare financial statements (latest), certified by CA
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File Form STK-2 with ROC
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ROC verification
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ROC publishes notice & strikes off the company
2. Voluntary Winding up
- On the occurrence of any event that calls for dissolution under the articles
- On expiry of the duration of the company
Steps:
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Passing of a Resolution in the general meeting for closure
- Taking consent of Trade Creditors for the closure
- Declaration of solvency
- Appointment of liquidator to carry out winding up proceedings & present a report before general meeting
- The liquidator send copy of the final accounts of the company and resolutions to the ROC
- The liquidator make application to Tribunal for dissolution
- Upon satisfaction, Tribunal passes an order of dissolution within 60 days of the application
3. Compulsory Winding up
The Tribunal can compulsorily wind up a company in case of an unlawful or fraudulent act
Steps:
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Filing of a petition by the company or creditors, or the government, ROC
- Audited Statement of affairs to be submitted along with the petition
- Advertisement of the petition for at least 14 days in the regional and English language
- Proceedings of the tribunal and appointment of a liquidator by the tribunal
- The liquidator will carry on the winding-up process and report to the Tribunal
- The liquidator makes an application to the Tribunal for the dissolution
- Upon satisfaction, the Tribunal passes an order of dissolution within 60 days of the application
How do I apply to close a Private Limited Company Online?
GST Suvidha Centre makes the process straightforward:
As part of this service, we provide the following:
- Drafting and filing of Form STK-2, affidavits, indemnity bonds, resolutions, and all supporting documents.
- Support in IBC-based voluntary liquidation, appointment of liquidator, asset settlement, and NCLT coordination.
- Compliance Completion Before Closure
- Document Drafting & Legal Paperwork
- ROC & NCLT Coordination
- Liability & Asset Settlement Guidance
- Post-Closure Support
Process to Avail Our Private Limited Company Registration Service
- Book a Consultation (Optional)
Visit our website to schedule a free consultation call if you require guidance before proceeding. - Select and Add the Service to Cart
Choose the Cancellation of Private Limited Company service and add it to your cart. You may opt to proceed directly without a consultation. - Upload Required Documents and Complete Payment
Securely upload all necessary documents on our portal and finalise the process by making the payment. - Back-End Processing by Our Team
Our team will carry out all required procedures and formalities using the documents you have provided. - Completion and Document Handover
Upon completion, you will receive your dissolution order or other relevant documents associated with the service.
The whole Cancellation of Private Limited Company Online process is managed by experienced planners, making sure everything is proper according to the law, and helping you stay stress-free.
What documents do you need for closing a Private Limited Company?
1. Company & Registration Documents
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Certificate of Incorporation
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Memorandum of Association (MOA)
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Articles of Association (AOA)
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PAN Card of the Company
2. Director’s Documents
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PAN & Aadhaar of all Directors
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Passport-size photographs (if required)
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Digital Signature (DSC) of Directors
- Consent letters from Directors
3. Internal Company Documents
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Board Resolution for Closure
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Special Resolution by Shareholders
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Affidavit by Directors
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Indemnity Bond from Directors
4. Financial & Compliance Documents
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Latest financial statements and Statement of Accounts certified by a Chartered Accountant
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Bank account closure certificate
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Proof of no asset/liability (if applying via Strike Off)
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ITR acknowledgement of all previous years
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MCA annual filings (AOC-4, MGT-7)
5. Other Required Documents
- List of creditors, if any
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NOC from concerned authorities (if applicable)
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Proof of cessation of business operations
Our professionals will help you prepare and verify each of the documents detailed above.
What is the cost for Cancellation of Private Limited Company with GST Suvidha Centre?
Cancellation of Private Limited Company in Bilaspur or in Chhattisgarh or any other place in India is based on the company’s structure and any residual compliance. The GST Suvidha Centre provides cost-effective upfront full support inclusive of document preparation, submission and MCA filing.
Why choose GST Suvidha Centre for company cancellation?
- Complete online, paperless process
- Professionals experienced in company law
- Quick processing times for MCA approval
- All over India services
- Assistance with all post-closure compliance
With GST Suvidha Centre, your company closure will be safe, legal, and hassle-free.
Frequently Asked Questions:
Q1. Can I apply for Cancellation of Private Limited Company near me?
A. Yes. GST Suvidha Centre offers Cancellation of Private Limited Company both online and offline across India.
Q2. How long does it take for company cancellation?
A. Cancellation of Private Limited Company Online generally takes 3-6 months, depending on MCA processing time.
Q3. What if I do not close an inactive company?
A. The company may incur penalties – directors could become disqualified for non-filing of ROC returns.
Q4. What is the fastest method to close a Private Limited Company?
A. The Strike Off (STK-2) method is the fastest and most cost-effective for inactive companies.
Q5. What happens after the company is closed?
A. The company name is removed from ROC records, and it ceases operations legally.
Q6. Can a company be restored after it has been closed down?
A. Yes, a campany can be restored only if it has been struck-off and not when it is cumpulsorily dissolved by the Tribunal
Q7. Do pending returns still need to be filed before delaying the cancellation of the company?
A. Yes. All pending returns and financial statements must be filed before an application for closure can be applied for closure.
Q8. Does the GST Suvidha Centre help after company closure?
Yes. After your company is shut, we will also help you with closure confirmation follow-up, document retrieval, and surrendering GST registration and PAN.
Close your inactive company legally with GST Suvidha Centre—your trusted expert for the Cancellation of a Private Limited Company in India, Bilaspur, and Chhattisgarh.
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