Running a business is never simple, and occasionally, things may not go as planned, leading to the closure of the firm. A Pvt. Ltd. firm may close for a number of reasons, including a corporate sale, forced or voluntary closure, or even the winding up of a failed corporation. Whatever the cause, the directors must adhere to specific legal requirements and guidelines as per the 2013 Companies Act.
There are two ways a Pvt Ltd company can face closure:-
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