How to wind up a Private Limited Company?
What is a private limited company? The Private Limited Company is a type of business owned in private. The business shares are only sold to the shareholders. In India, about 93% of the companies are registered under the Private Limited Company. Privileges of the Private Limited Company The private limited company is recognized by the company name, shares, directors, formation, meeting, and number of members. It lies between the partnership. Provides legal protection and liability to the shareholders. Don't have the authority to invite the general public for subscribing to their securities. The Private Limited Company has a team of 200 members. How to wind up a Private Limited Company ? To wind up a private limited company requires long procedures. It can occur in 2 different ways based on the circumstances revolving around the same. If the winding-up is done at will with the consent of all the Board members, it is known as Voluntary Winding-Up and if the Winding-up is forced by th...