Windup of Company

Winding up of a company is the legal process of closing a business and dissolving it officially under the Companies Act. It involves settlement of liabilities, realization of assets, and removal of the company’s name from the Registrar of Companies (ROC).

Types of Company Winding Up

• Voluntary Winding Up
• Compulsory Winding Up by Tribunal (NCLT)
• Fast Track Exit (Strike Off – STK-2)

When is Winding Up Required?

• Company is Inactive / Non-operational
• Completion of Business Objectives
• Continuous Losses
• Mutual Decision of Shareholders

Documents Required

• PAN & Incorporation Certificate
• Board Resolution
• Statement of Accounts
• Affidavit & Indemnity Bond
• No Objection Certificate (if applicable)