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

Dissolution Resolution


Deletion from Commercial Register

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.