Closing a one person company
Requirement for closing one person company
1)Closing of a one person company can happen either voluntary or by the order of the Tribunal. Any company can apply for its closing if it is inoperative for more than a year from the date of its incorporation, that company can apply for its closure.
2)For closure of its company it is mandatory to file closure application with the registrar so that the company is free from all legal compliances and is officially closed.
FAQ
-The company which wishes to close it company must move one application to registrar for its closure.
-Company must submit the resolution of its closure which is approved by its board members.
-Consent of Directors must involved in the closure of its closure.
-Director’s Affidavit is required
-Indemnity bond
-Statement of assets and liabilities