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Wind up in private, hassle-free

All you need to ensure:

  • Appointment of an official liquidator
  • NOC from the Tax Department
  • Public announcement in an official gazette, an english newspaper and a local newspaper within 14 days of passing the windup resolution
  • Winding up the company should be done within 12 months

5 Reasons to liquidate your Private Limited Company:

Low expenses on liquidation
Freedom from debts
Creditors will be eligible to get their dues
Legal action against the company can be avoided
Cancellation of all lease agreements

Winding up made easy!

Here’s everything you need to know:

Any private limited company can wind up its operations in two ways:

  1. Voluntary winding up
  2. Compulsory winding up

A voluntary winding up takes place when

  • A special resolution is passed by the company
  • A resolution is passed in the general meeting regarding the winding up of the company

A compulsory winding up takes place when:

  • The company has unpaid debts
  • Unlawful act by company or its management
  • Annual returns are not filed for 5 consecutive years with the ROC

PAN card of the company

Certificate of closure of the company’s bank account

An indemnity bond, notarized by the directors

Latest statement of company accounts

Statement of accounts related to all assets and liabilities of the company, audited by a chartered accountant (CA)

Proof of approval of the resolution by 3/4th of the board members

Application to remove the name of the company





Winding up means appointing a liquidator to sell off the assets of the company, divide the proceeds among creditors, and file to the NCLT for dissolution.

Dissolution means to dissolve the company completely. Any further operations cannot be done in the company name.


Winding up is one of the methods through which the dissolution of a company is carried on.

Dissolution is the end process/result of winding up and getting the name stuck off from the Register of Companies.

Existence of Company

The legal entity of the company continues and exists at the commencement and during the winding-up process.

The dissolution of the company brings an end to its legal entity status.

Continuation of Business

A company can be allowed to continue its business during the winding-up process if it is required for the beneficial winding up of the company.

The company ceases to exist upon its dissolution.


The liquidator carries out the process of winding up.

The NCLT passes the order of dissolution.

Activities Included

Filling of winding up resolution or petition, the appointment of the liquidator, receiving declarations, preparation of reports, disclosures to ROC, and filing for dissolution to the NCLT.

Filing of resolutions, declarations, and other required documents to the NCLT to pass dissolution order.

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