Liquidation of Limited Company
Closing a private limited company involves a series of legal and regulatory steps, and the specific procedures can vary depending on the country and jurisdiction where the company is registered. It's essential to consult with a qualified legal or financial advisor or seek guidance from the relevant government authority to ensure compliance with all local laws and regulations regarding company closure. When a company decides to dissolve or wind up its operations, it must follow specific procedures outlined by the ROC. This includes notifying creditors, liquidating assets, and submitting final accounts.