Closing a Public Ltd Company

Closing a Public Ltd Company Registration

  • INR 15,000 /-
  • All Inclusive, No hidden Charges

Basic Plan

A Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public.
PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisit.A Public Limited Company may be closed either voluntarily by the shareholders or compulsorily by the judiciary.


Requirements for closing Public Limited Company
Voluntary closing of Public Limited Company:
. Creditors Voluntary Liquidation - The Company and its shareholders chose to liquidate the Company because it can pay debts.
. Members Voluntary Liquidation - There Company can pay its debts but the members want to close it.
Compulsory closing of Public Limited Company:
.The Company is unable to pay its debts
. Tribunal orders the Company to be shut down or is of the opinion that the Company is equitable and must be shut down
. When the Company has not filed financial statements or annual return in the preceding five consecutive years
. The Company has acted against the sovereignty and integrity of the state and India, friendly relations with foreign states, public order, decency or morality
. If the Company has been conducted in fraudulent manners or is guilty of fraud or misconduct


Step-1
Dissolution Resolution

Step-2
Liquidation

Step-3
Deletion from Commercial Register

Step-4
Liquidators must submit to the Commercial Register

It takes at least 6 months to close a Public Limited Company

A minimum of 2/3rd of the total of shareholders must adopt the resolution of the Company.