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- Section-8 Company Winding UP
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Required Documents
A copy of the notice given to all the members which is the proof of holding an EGM
A copy of the Special Resolution passed
A copy of the creditors if there is any
A copy of an explanatory statement
A copy of the advertisement where you advertised related to the winding up of the section 8 company (one in vernacular and one in an English daily).
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How we work?
Needs to conduct a meeting among the board of directors to enact the board motion for surrendering the license.
Arrange a general meeting to get approval from the shareholders.
If all the shareholders agree to the decision of winding up of the company, you need to organize an EGM and pass a Special Resolution (SR).
Within 30 days of passing the Special Resolution, in the Extraordinary General Meeting, you need to submit MGT-14 together with the essential documents, DSC, and the charges.
At that moment, you must fill out the INC-18 form, and send it to RD (Regional Director) along with the necessary paperwork and related fees for conversion.
FAQ
You have to arrange general meetings, get confirmation from the debtors, settle debts and liabilities, spread the gained properties to the government or another nonprofit organization, and then file the closure form for the Section 8 Company. Then, get a certificate of successful closure of the company.
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