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TAXAJ Corporate Services LLP - Financial Doctors

Closure of Business & Licenses in India

Often, we register a company for a business idea we wanted to implement and for some reasons it does not work, we do not even start the work. Also, there are times when we register a company for a future project and hence those companies are not operational in present. There are various compliances which one needs to meet after registering a company and it takes a cost to meet them. Who would want to bear more cost for the company which is not working in the first place?

So, what do we do, we just keep the company like that, either we get the compliances done or many times we just ignore it.

Earlier, closing a company was a tedious process, which required a lot of formalities, things have changed now and there are now quicker modes to close the company.

Types of Closure of Companies in India

Private Limited Company

Closing a Private Limited Company used to be a cumbersome, formal process, but now there are faster methods, albeit with potential legal and financial risks; TAXAJ offers peace of mind by handling the process efficiently.

Public Limited Company

It's essential to first address all outstanding company compliances up to the last financial year. Only then can we proceed with the closure process ensuring comprehensive closure in accordance with legal requirements.

Closing a LLP used to be a cumbersome, formal process, but now there are faster methods, albeit with potential legal and financial risks; TAXAJ offers peace of mind by handling the process efficiently..

Section 8 Company

Closure of Section-8 Company is more or less similar to a Private Limited Company in terms of Documentation or MCA Filing Process, what differs is the Forms. It takes around 6-8 months for complete process of closure.

Proprietorship Firm

Proprietorship Firms are owned & managed by a single person, all the tax registration or compliances are done on his name, so closing the business here means simply surrendering tax registration or license.

Partnership Firm

Partnership Firms are usually of two types, one those are duly registered under Registrar of Firms and another which aren't but just registered through a partnership agreement, lets discuss both the process in details.

Types of Surrender of Licenses/Registrations

PAN or TAN Surrender

Simplify the Process for Surrender of your PAN or TAN with our dedicated service, ensuring a hassle-free process while we handle it seamlessly for you. 

Amalgamation - Merger

Amalgamation, often referred to as a merger, involves the consolidation of two or more companies into a single entity to pool resources, streamline operations, and achieve synergies.

Surrender of EPF Number

Make the Surrender of EPF Number a breeze with our dedicated service, ensuring a smooth and compliant process that saves you time and effort while we handle it seamlessly for you.

Surrender of ESI Number

Effortlessly surrender your ESI Number and streamline the process with our simplified service, ensuring a seamless and compliant procedure for your convenience. Let us handle the surrender process for you.

Surrender of DIN Number

Facilitate the hassle-free Surrender of DIN Number through our streamlined service, ensuring a smooth and compliant transition while saving you time and effort. Let us simplify the process for you.

Surrender of GST Number

Simplify the Surrender of GST Number with our efficient service, ensuring a smooth and compliant transition while saving you time and effort. Trust us to handle the process seamlessly, making it hassle-free for you.

Advantages of Closing Your Business Completely

    » It helps you to save every year compliance cost.

    » Saves you from non compliance penalties.

    » No More Headache of record keeping.

    » No more director in Default.

    » Closing a company will prevent you from unnecessary IT demands.

    » You breathe easy and productive.

    Watch the detailed video on our YouTube Channel