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Winding Up of a Company - Muds Management

Muds services of Winding Up of a Company:<br>Procedure for Winding up Private Limited Company.<br>Expert assistance to start winding up of a company.<br>Advice on Winding up or liquidation of a Company.<br>End-to-End follow-up till the process is complete.<br>Liaising with the Ministry of Corporate Affairs (MCA) and NCLT.<br>https://muds.co.in/winding-up-of-a-company/

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Winding Up of a Company - Muds Management

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  1. Winding Up of a Company MUDS Management Pvt. Ltd.

  2. MUDS Services 2 3 1 4 5 Procedure for Procedure for Winding up Winding up Private Limited Private Limited Company Company Advice on Advice on Winding up Winding up or liquidation or liquidation of a Company of a Company Expert assistance Expert assistance to start winding to start winding up of a company up of a company End End- -to follow follow- -up till the process the process is complete is complete to- -End End up till Liaising with Liaising with the Ministry of the Ministry of Corporate Affairs Corporate Affairs (MCA) and NCLT (MCA) and NCLT MUDS Management Pvt. Ltd.

  3. OVERVIEW Winding up is a method through which the disintegration of a company is brought about and also its assets are realised as well as used in the return of its debts. Once the debts are satisfied then the remaining balance (if in case any) is actually paid back to the members in percentage to the offering made by them to the capital of the company. MUDS Management Pvt. Ltd.

  4. Who can carry out the Winding up of Company? When a Creditor Issues When a Creditor Issues the Winding Up Appeal the Winding Up Appeal The Company gets The Company gets only 7 Days to Act only 7 Days to Act 1 1 2 2 Bank ought to Freeze Bank ought to Freeze the Company Accounts the Company Accounts as well as its Assets as well as its Assets When the Winding Up When the Winding Up Order is Granted Order is Granted 3 3 4 4 MUDS Management Pvt. Ltd.

  5. Ways a company can be wound up in one: A company can be wound up in one of two ways: A company can be wound up in one of two ways: Compulsory Winding Up Compulsory Winding Up Voluntary Winding Up Voluntary Winding Up MUDS Management Pvt. Ltd.

  6. Compulsory Winding Up Under section 272 of the companies act, the petition for winding up of a company can be initiated. A company’s inability to pay its debts is a common ground for presenting an application for compulsory winding up. MUDS Management Pvt. Ltd.

  7. An Application to wind up a Company compulsorily may be filed by: 01 01 02 02 03 03 04 04 Any Any director director of company company. . of the the A A company company. . creditor creditor of of the the A A contributory contributory. . The The company company itself itself. . 05 05 06 06 07 07 08 08 A A liquidator liquidator of company company. . of the the A A judicial judicial manager of of the the company company. . manager Where Where the is is carrying carrying carried carried on business business. . the company company on on on banking banking Various Various Ministers Ministers on grounds grounds under under the the law on or or specified specified law. . MUDS Management Pvt. Ltd.

  8. Voluntary Winding Up Voluntary winding up of a company takes place by mutual agreement of the members of the company. Voluntary winding up may take place either by passing of a special resolution or by passing an ordinary resolution by the members. MUDS Management Pvt. Ltd.

  9. Advantages of Voluntary Winding-up: Minimal intervention Minimal intervention from the government from the government Limit on Directors liability Limit on Directors liability 01 01 07 07 02 02 No waiting period No waiting period 06 06 Single window for the Single window for the entire process entire process 03 03 Licensed Professional Licensed Professional 05 05 Substantially private Substantially private 04 04 process process Board continues to exist Board continues to exist MUDS Management Pvt. Ltd.

  10. Procedure - Winding up of a Company Petition Filed for Petition Filed for Winding up of a Winding up of a Company Company Statement of Statement of Affairs of the Affairs of the Company Company Advertisement Advertisement 01 01 02 02 03 03 Appointment of Appointment of Provisional Provisional Liquidator Liquidator Send notice to Send notice to the Provisional the Provisional Liquidator Liquidator Winding up Winding up Order Order 04 04 05 05 06 06 Custody of Custody of Property Property Affairs of the Affairs of the company company Dissolving the Dissolving the Company Company 07 07 08 08 09 09 MUDS Management Pvt. Ltd.

  11. Documents Required: 01 01 02 02 03 03 Certificate of Certificate of Incorporation of Incorporation of the company the company Memorandum of Memorandum of association and association and Articles of Association Articles of Association of the company of the company Certificate related Certificate related to the closure of to the closure of bank account of bank account of the company the company 04 04 05 05 06 06 Copy of the Board Copy of the Board Resolution Resolution Copy of the resolution Copy of the resolution of the creditors of the creditors stating that three stating that three - - fourth of members fourth of members have accepted have accepted Statement of Statement of Accounts of Accounts of the Company the Company MUDS Management Pvt. Ltd.

  12. Documents Required: 07 07 08 08 09 09 Winding Up Petition Winding Up Petition Form WIN 1 or WIN 2 Form WIN 1 or WIN 2 Statement of Affairs of Statement of Affairs of the Company in the the Company in the Format of Form WIN 4 Format of Form WIN 4 Affidavit of Affidavit of Concurrence in Concurrence in Format of Format of Form WIN 5 Form WIN 5 10 10 11 11 12 12 Advertisement in Advertisement in the Vernacular the Vernacular Newspaper Newspaper Form WIN 6 Form WIN 6 Appointment of Appointment of Provisional Liquidator Provisional Liquidator in the Format in the Format WIN 7 and WIN 8 WIN 7 and WIN 8 Form STK Form STK- -2 2 Procedure for winding Procedure for winding up a defunct or up a defunct or Dormant Company Dormant Company MUDS Management Pvt. Ltd.

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