How to close a private limited company voluntarily

Description

To close a private limited company voluntarily in India, the company must follow the strike-off procedure under Section 248 of the Companies Act, 2013. The directors must first ensure that the company has no liabilities and has ceased operations. A board resolution is passed, followed by a special resolution by shareholders. The company must file Form STK-2 with the Registrar of Companies (ROC), along with necessary documents like an indemnity bond, affidavits, statement of accounts, and board resolution. Before filing, all statutory dues, tax filings, and annual returns must be completed. Once verified, the ROC will publish a public notice and, if no objections arise, strike off the company’s name from the register. Voluntary closure is a cost-effective way to legally wind up a dormant or inactive company.