When the continuation of the Company as a legal unit comes to an closing stages, it is known as the Closure of the Company.
Closure of the company is ended of your own accord and is done through the rapid pathway exit plan. End up of the company may be unpaid or by the order of the Court by appointing an official liquidator to scrutinize the procedure of ending. Closure is commenced by the Court for conclusion the legal subsistence of the Company.
It is compulsory to file Closure with the ROC as ROC or MCA data base requires to be simplified and the Company is gratis from all its official compliances as it is legitimately stopped up.
Even though the business of the company is blocked, unless conclusion documents are filed and accepted by the ROC, company is not lawfully closed and the company requires to file all the usual returns.
The necessary documents are mandatory to submit while closure of the the Company such as Board Resolution for closure, Consent of Directors, Director's Affidavit, Indemnity Bond, Statement of Assets and Liabilities.