Close Public Limited Company

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Close Public Limited Company

A Public Limited Company, commonly known as PLC is the most widely referred business format in India. The best part of this business model is that the company can choose to raise funds by selling its shares to the general public.

In order to shut down the business operations of a Public Limited Company, a special resolution needs to be passed along with the consent of 75% of members/shareholders of the company. The application for company closure can only be submitted after all the creditors are repaid, all assets are disposed and all bank accounts are closed. It is also necessary to obtain an NOC after clearing all the dues or liabilities from creditors. In case you are registered with a government department, you must seek NOC to close the business operations.

The application for the closure of a Public Limited Company is filed under Form STK 2 along with the deposit of government fees of Rs.5000/- and various necessary documents. A Company closure can be filed after the following steps:

  • Clear all pending liabilities: The first step is to repay all the liabilities against the company and obtain the written copy of No Objection Certificate from the creditors. However, in case you have not commenced the business/operations, then this clause is not applicable to you.
  • Need 75% Consent: This is a new condition which needs to be fulfilled for Public Limited Company closure. To close the business operations, you need at least 75% consent of the shareholders/members of the company. In addition, one director also needs to be notified to look after all the responsibilities for company closure.
  • Ready with Application: Once consent is assigned, next step is to prepare application and file the same with the ROC.

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About Trademark Bazaar

The most preferred partner in India for those looking to set up their own business. Give your business dream a flying start with us as we are right here to make it realistic and possible in a cost effective manner. Set up in the year 2017, our aim is to make it easy and affordable for entrepreneurs to make their boats sailing in the right manner. Right from the beginning, we are poised towards infusing unprecedented levels of ease and value in the company incorporation procedure.

We help entrepreneurs in meeting legal and regulatory requirements by partnering them at each & every stage of their business life cycle.

Setting up a Business :-

Setting up a business in India is quite a mountainous job for many due to huge complexity.  Be it a Private Limited Company, Public Limited Company, Limited Liability Partnership, Sole Proprietorship, One Person Company or any other company format, choosing the right procedure and meeting all statutory guidelines is utmost necessary for a smoother drive ahead. At Trademark Bazaar, our business incorporation experts would guide you through the most appropriate business model basis your distinctive needs, budget and other factors. Our personalized and consultative approach towards business incorporation makes us a leader in the segment.

Intellectual Property :

Securing your business assets is another important aspect for a business owner. Intellectual property elements such as trademark, copyright, and patents need to be obtained in a prescribed manner from the respective authority so as to gain full control of your products/services. At Trademark Bazaar, we are all set to provide full-fledged assistance in regard to Intellectual Property management. Irrespective of your industry type and product category, our professionals are ready to provide value-oriented services in a cost effective manner.

Be it Trademark Registration, Copyright Registration, Patent Search, or Design Registration; get all IP-related services under one roof in a professional environment.

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