Company Closing

Companies not carrying on business since last 2 year or defunction since incorporation may apply for closing

Following company can’t make application

• companies which have conducted or conducting non-banking financial and investment activities as referred to in the Reserve Bank of India Act, 1934 (2 of 1934) or rules and regulations thereunder.
• housing finance companies as referred to in the Housing Finance Companies (National Housing Bank) Directions, 2010 issued under the National Housing Bank Act, 1987 (53 of 1987);
  
• insurance companies as referred to in the Insurance Act, 1938 (4 of 1938) or rules and regulations thereunder;
  
• companies in the business of capital market intermediaries as referred to in the Securities and Exchange Board of India Act, 1992 (15 of 1992) or rules and regulations thereunder;
  
• companies engaged in collective investment schemes as referred to in the Securities and Exchange Board of India Act, 1992 (15 of 1992) or rules and regulations thereunder;
  
• asset management companies as referred to in the Securities and Exchange Board of India Act, 1992 (15 of 1992) or rules and regulations thereunder;
  
• any other company which is regulated under any other law for the time being in force.

Documents Required for Company Closing

1. Statement of Account
2. Affidavit
3. Indemnity Bond
4. Board Authorisation
5. ID Proof of director
6. Address proof of director
7. Photo of director
8. Valid contact no.
9. Valid mail ID

Benefit of Company Closing

1. Saving Company Running Cost
2. Savings from Director Disqualification
3. Saving of annual cost of company