Closure of company / LLP means to apply before the Ministry of Corporate Affairs for removing the name of the entity from the register under the Registrar of Companies which upon successful satisfaction may be granted by the Ministry.

The following points should be kept in mind before applying for closure:

• Company should not be under any investigation / inspection

• There should be no pending prosecution in the court of law

• Company should not have any outstanding deposit, or other dues towards any financial institution / banks / Govt. bodies

• The directors should not have been disqualified by the Ministry of Corporate Affairs

• There should not be any stay order on the company where filings of documents have been barred by the judicial / quasi-judicial bodies.

• The company should have closed the bank accounts and should have procured a bank account closure certificate from the bank in their letterhead.