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Question ID : 40486


How to close a pvt ltd company, lying closed since long. Some fixed assets and current assets with liability exist in the last audited balance sheet. The same can be transferred in the name of Directors or squared off. How to proceed for closure?

Posted by SURAJ KUMAR CHOUDHURY on Nov 28, 2019

Filed Under Companies Act, 2013

Answer ID : 83594

You have to go by the process of voluntary liquidation after setting of all the liabilities of the company or you have to demonstrate that the company is in a position to pay its debt in full.

Posted by CA. JHA SHANKAR KUMAR on Aug 11, 2022