Cancellation of Public Limited Company | GST Suvidha Centre
What is Cancellation of Public Limited Company?
Cancellation of Public Limited Company refers to shutting down a registered company 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 provide a complete service for Cancellation of Public Limited Company Online, where we will complete all requirements to avoid unnecessary legal or financial aspects in the future.
Why should you cancel a Public Limited Company in India?
If your Public Limited Company has ceased to operate or is dormant, then it must be cancelled by law to prevent further penalties. Failure to do so will incur further fines and disqualification of the directors. Cancellation of Public Limited Company in India resolves all legal compliance obligations and keeps your record clean.
Reasons for Cancellation:
- No business operations for a long period
- Continuous Financial Losses
- No Future Business Prospects due to outdated business model, market changes etc
- Inability to Raise Capital
- Disputes among directors or promoters
- Insolvency or Inability to Pay Debts
- Violation of compliance requirements
- Government or Court order for closure
- Merger, Acquisition, or Restructuring
- Promoters wish to exit or start a new venture
The Cancellation of Public Limited Company is done in a quick and professional manner under GST Suvidha Centre.
What is the process of closure of a Public
Limited Company online?
A Public 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
- Special Resolution in General Meeting (approval of 75% of shareholders required)
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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 name of the company on MCA website and give time for objection
- If no objection, ROC issues SKT-7, striking off the name of 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:
- Passing of Board Resolution for closure
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Passing of a Special Resolution in the general meeting for closure (approval of 75% of shareholders required)
- 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 can I apply for Cancellation of Public 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 Public 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 Public 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 Public 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 Public 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
What is the cost for Cancellation of Public Limited Company with GST Suvidha Centre?
Cancellation of Public Limited Company in Bilaspur or at any other place in Chhattisgarh or 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?
- A completely online and paperless process.
- Professionals with years of company law experience.
- Clear, low costs.
- PAN India support for all ROC work.
- Post-closure support for PAN and GST cancellation.
When you work with us, you will have a safe and seamless process for closing and exiting the company.
Frequently Asked Questions:
Q1. Can I apply for Cancellation of Public Limited Company near me?
A. Yes. GST Suvidha Centre provides Cancellation of Public Limited Company services through local consultants and online filing support across India.
Q2. How long does the cancellation take?
The Cancellation of Public Limited Company Online typically 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 Public 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. A Public Limited Company has liabilities. Can it still be closed?
A. No. All liabilities must be cleared before applying for cancellation.
Q9. Does the GST Suvidha Centre help after company closure?
A. Yes. After your company is shut, we will also help you with closure confirmation follow-up, document retrieval, and surrendering GST registration, PAN and bank accounts.
Close your inactive company legally with GST Suvidha Centre—your trusted expert for the Cancellation of a Public Limited Company in India, Bilaspur, and Chhattisgarh.
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