Reopening a closed private limited company
If you intend to reopening a closed Private Limited Company, you must follow the steps outlined below:
1.Revival Application: Prepare and submit an application for revival to the National Company Law Tribunal (NCLT) in the prescribed format, accompanied by the necessary documents.
For more information to Visit https://www.mca.gov.in
2.Affidavit and Indemnity Bond: Furnish an affidavit detailing the reasons for the delay in filing the revival application. It provides an indemnity bond in favor of the Registrar of Companies (ROC) to safeguard the interests of stakeholders.
3.Document Verification: The NCLT will scrutinize the submitted documents and may request additional clarification or documentation if needed.
4.NCLT Order: Upon satisfaction with the application, the NCLT will issue an order approving the revival of the company.
5.Form Filing: After obtaining the NCLT order, proceed to file the requisite forms with the Registrar of Companies (ROC) to update the records and revive the company.
6.Fee Payment: Ensure timely payment of the necessary fees and penalties to the ROC for the company’s revival.
It is crucial to note that the process of reviving a closed Private Limited Company can be intricate and time-consuming. Therefore, it is advisable to seek professional assistance from a chartered accountant, company secretary, or lawyer to ensure adherence to all legal requirements and to avoid any errors or omissions.
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