1. Voluntary Company Closure (Strike-Off) Services

• Description: Assistance with the voluntary closure of companies that have no significant liabilities and are no longer operational. Under Section 248 of the Companies Act, companies can apply for a strike-off to remove their name from the Registrar of Companies (RoC). This service includes preparing and filing necessary forms and meeting documentation requirements.
• Benefits: Provides a straightforward exit option for inactive companies, ensuring compliance while avoiding the complexities of formal liquidation.

Key Services: – Evaluation of eligibility for voluntary strike-off based on company status – Preparation of board resolutions and shareholder consent forms – Filing of Form STK-2 with MCA for voluntary strike-off – Notification to stakeholders and follow-up for final approval

2. Insolvency and Bankruptcy Services (IBBI) for Corporate Entities

• Description: Support for companies undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. This includes assistance with filing insolvency applications, representing the company in insolvency proceedings, and coordinating with creditors and the Insolvency and Bankruptcy Board of India (IBBI).
• Benefits: Provides companies with a structured approach to insolvency, protecting directors and shareholders from future liabilities and enabling an organized winding-up process.

Key Services: – Advisory on eligibility and application requirements under IBC – Filing for insolvency and managing creditor communications – Coordination with insolvency professionals and the IBBI – Representation in hearings and assistance throughout the resolution process

3. Compulsory Winding-Up Services

• Description: Assistance with compulsory winding-up, which occurs when a company is mandated by the court to dissolve due to legal, financial, or regulatory issues. This service involves representation in court proceedings, managing communications with the Official Liquidator, and following all necessary legal protocols for winding up.
• Benefits: Provides legal representation and ensures compliance with court-ordered dissolution, protecting directors and shareholders from ongoing liabilities.

Key Services: – Preparation and submission of documents required by the court – Representation in court and handling of communications with the Official Liquidator – Assistance with asset liquidation, debt settlement, and distribution of remaining assets – Compliance with legal requirements to minimize liabilities

4. Liquidation and Asset Disposal Services

• Description: Guidance on liquidating assets, settling outstanding debts, and distributing remaining assets among shareholders as per the winding-up regulations. This service includes preparing the liquidation report and coordinating with creditors to ensure a smooth distribution of assets.
• Benefits: Ensures a fair and compliant liquidation process, helping companies settle liabilities and distribute residual assets while maintaining legal compliance.

Key Services: – Inventory and valuation of assets for liquidation – Coordination with creditors and settlement of outstanding dues – Preparation of liquidation statements and reports – Distribution of remaining assets to shareholders based on their ownership percentage

5. Final Compliance Filings and Documentation

• Description: Assistance with final compliance requirements, including filing required forms with the RoC, MCA, and other regulatory bodies to complete the winding-up process. This includes filing financial statements, dissolution forms, and clearance certificates.
• Benefits: Ensures that all regulatory and compliance obligations are completed, reducing the risk of future liabilities and making the closure legally binding.

Key Services: – Filing of closure forms such as Form STK-2, Form MGT-14 (for shareholder resolutions), and other necessary filings – Preparation of final financial statements, audit reports, and liquidation accounts – Obtaining tax clearance and no-due certificates – Follow-up with MCA to confirm company dissolution

6. Communication with Stakeholders and Government Authorities

• Description: Ensures timely and accurate communication with stakeholders, including creditors, employees, tax authorities, and banks. Proper communication with stakeholders is essential to avoid disputes and ensure a transparent wind-up process.
• Benefits: Reduces potential conflicts with stakeholders, provides clarity on settlement processes, and ensures regulatory authorities are informed about the closure.

Key Services: – Formal notifications to employees, creditors, and other stakeholders regarding company closure – Coordinating with tax authorities for tax clearance and handling outstanding tax liabilities – Closure of bank accounts and other financial obligations

7. Directors’ and Shareholders’ Liability Clearance

• Description: Assistance in resolving any liabilities and obtaining indemnities for directors and shareholders, ensuring that personal liabilities are limited once the company is officially closed.
• Benefits: Protects directors and shareholders from future claims or liabilities and ensures that the winding-up process is legally complete.

Key Services: – Addressing outstanding obligations, if any, and indemnifying directors and shareholders – Ensuring liability clearance from creditors and regulatory authorities – Finalizing any indemnity documentation to protect directors and shareholders post-closure

8. Closure of Financial Accounts and Bank Accounts

• Description: Assistance with closing the company’s bank accounts, managing final financial reconciliations, and ensuring all financial activities are formally concluded.
• Benefits: Simplifies the exit process and ensures that no pending financial liabilities remain once the company is officially dissolved.

Key Services: – Coordinating with banks to close business bank accounts and settle final transactions – Reconciliation of all outstanding liabilities and dues – Submission of bank closure certificates to regulatory authorities if required