Close Public Limited Company

INR 34,999 /- (All Inclusive)

Easy, Safe and Effective Termination of Business Operations

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Close Public Limited Company

A Public Limited Company, commonly known as PLC is the most widely referred business format in India. The best part of this business model is that the company can choose to raise funds by selling its shares to the general public.

In order to shut down the business operations of a Public Limited Company, a special resolution needs to be passed along with the consent of 75% of members/shareholders of the company. The application for company closure can only be submitted after all the creditors are repaid, all assets are disposed and all bank accounts are closed. It is also necessary to obtain an NOC after clearing all the dues or liabilities from creditors. In case you are registered with a government department, you must seek NOC to close the business operations.

The application for the closure of a Public Limited Company is filed under Form STK 2 along with the deposit of government fees of Rs.5000/- and various necessary documents. A Company closure can be filed after the following steps:

  • Clear all pending liabilities: The first step is to repay all the liabilities against the company and obtain the written copy of No Objection Certificate from the creditors. However, in case you have not commenced the business/operations, then this clause is not applicable to you.
  • Need 75% Consent: This is a new condition which needs to be fulfilled for Public Limited Company closure. To close the business operations, you need at least 75% consent of the shareholders/members of the company. In addition, one director also needs to be notified to look after all the responsibilities for company closure.
  • Ready with Application: Once consent is assigned, next step is to prepare application and file the same with the ROC.

Winding Up Public Limited Company Fees

 

Close Public Limited Company

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