Registration Fee

46,999/-

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    About Winding Up – Company

    “Winding up,” as defined in Section 2(94A) of the Companies Act, 2013, is the process of formally closing a company through the Companies Act or liquidation under the Insolvency and Bankruptcy Code, 2016. This includes stopping business activities, selling assets, and paying debts, leading to the company’s dissolution. Until dissolution, the company retains its legal status and can participate in legal actions in a Tribunal. The goal is to close and distribute the company’s assets in an orderly manner.

    Types of winding of a company

    Compulsory Winding Up – By the Court Voluntary Winding Up

    Document required for Winding Up – Company

    • Certificate of Incorporation of the company.
    • Memorandum of Association and Articles of Association of the company.
    • Certificate related to the closure of bank account of the company.
    • Copy of the Board Resolution.
    • Copy of the resolution of the creditors stating that three-fourths of members have accepted.
    • Statement of Accounts of the Company.
    • Winding Up Petition Form WIN 1 or WIN 2.
    • Statement of Affairs of the Company in the format of Form WIN 4.
    • Affidavit of Concurrence in the format of Form WIN 5.
    • Advertisement in the Vernacular Newspaper Form WIN 6.
    • Appointment of Provisional Liquidator in the format WIN 7 and 8.
    • Form STK-2 (Procedure for winding up a defunct or dormant company, used for the fast-track procedure carried out by the courts).

    Registration Procedures

    Petition Filed for Winding up of a Company

    Statement of Affairs :

    • Must accompany the petition as per Rule 4 of the Companies (Winding Up) Rules, 2020.

    • Submitted in Form WIN 4, updated within 30 days, in duplicate, with an affidavit in Form WIN 5.

    Advertisement

    • The petition must be advertised for a period of 14 days before the date of hearing.

    Appointment of Provisional Liquidator

    Send notice to the Provisional Liquidator :

    • Registrar sends notice in Form WIN 9 within 7 days of the order via courier, registered post, or electronic method.

    Winding up Order :

    • Sent to the liquidator in Form WIN 11 and to the company in Forms WIN 12 and 13 within 7 days.

    Custody of Property :

    • Liquidator takes custody of all assets and documents.

    Affairs of the company :

    • Liquidator may apply to the tribunal for dissolution if just and reasonable.

    Dissolving the Company :

    • If accounts are in order, tribunal passes the order for dissolution within 60 days of receiving the application.

    Frequently Asked Questions

    • Why won’t my payment go through?

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    • How do I get a refund?

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    • How do I redeem a coupon?

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    • Changing account name

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