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One Of The Leading Company Strike Off Services In Bangladesh
Company strike off, often known as dissolution, is the process of removing a company from the Registrar’s database. Many people desire to dissolve a corporation once they’ve achieved their business objectives. Or because they don’t want to utilize it any more for some other reason.
While forming businesses appears to be straightforward, dissolving them requires you to complete all of your obligations to the incorporated jurisdiction. The process might be complicated and time-consuming depending on the jurisdiction.
Some jurisdictions, however, require a tax declaration. As a result, the procedure needs significantly more involvement from the authorities of the company. Accounting and Auditing reports, as well as other necessary papers, must be submitted to the Repository which is another example.
As a result, rather than devoting all of your valuable time to finishing your business, you can hire us. And we’ll take care of everything, making the operation simple, quick, and affordable for you. As a consequence, you can leave all of the stress to us as we offer the greatest company strike off service in the country straight to your door.
Our Certified Experts Assist You In Company Strike Off Procedure
For The Fastest Results, Understand Company Strike Off Before Applying For It
Companies House will send you a letter confirming that you filled out the form correctly. If no one objects, the firm will be stricken from the register after the two-month period specified in the notice. A second notice will be published in the Gazette, indicating that the company is no longer legally viable. Our experts strongly advise that you follow expert advice to the letter.
Our Company Strike Off Service Follows 6 Steps For The Fastest Outcome
- The Company will have a Board Meeting to approve the striking of the Company’s name.
- For such strike off, the Company must call a General Meeting of Shareholders and pass the Special Resolution or receive the consent of at least 75% of the shareholders.
- Any other authority that regulates the company must have their approval.
- The Company will submit an application in form after receiving approval.
- ROC will issue a public notice STK-6 after receiving an application.
- Any objections to the proposed strike off must be sent within 30 days.
Learn How Our 3 Company Strike Off Service Makes The Process Easier
- Company Review: We will examine the Company’s operations and decide whether it is eligible for strike-off under the FTE Scheme of the Companies Act, 2013, allowing for a more straightforward procedure. The screening procedure would take two to three business days to complete.
- Document Preparation: After that, we’ll provide you a timeframe; documentation for the company’s strike off will take 5 to 7 working days, depending on the company.
- Application for Strike Off: An application for strike off and closure of the company will be submitted to the ROC, which will normally approve the application in around three months.
Surprising 3 Benefits Of Hiring A Company Strike Off Service
1. No Compliance Burden:
Because the firm as a whole no longer exists, the promoters or directors are relieved of their compliance responsibilities and the potential risks of non-compliance.
2. Faster Route To Closure:
Inactive or non-functioning businesses can be closed quickly in 3 to 16 days, whereas traditional techniques take longer and involve more laborious processes.
3. Avoid Fines:
If an inactive or non-functioning corporation breaks the law, it could be subject to harsh fines, penalties, and sanctions for its officers, including in some cases a ban on the Directors starting new businesses. As a result, it is preferable to formally wind up an inactive corporation in order to prevent potential fines or liability.
Get 8 Extra Guidelines From Our Company Strike Off Service Experts
- The company’s information on file with the Registrar is current.
- The details of the company’s directors, as well as any additional information, must match those on the Registrar’s records.
- The company must ensure that the Registrar’s records (including Annual Returns) are up to date before filing a strike-off application.
- Since its formation, the company must have discontinued operations or become defunct.
- The majority of the shareholders must give their written consent to the director(s).
- Enterprises must present either their most recent audited financial statements (only for public companies) or an unaudited balance sheet (for all other companies).
- There must be no outstanding tax liabilities with the Ministry of Finance and Economy’s Collector of Income Tax, Revenue Division.
- Within 30 days, any objections to the suggested strike off must be submitted.
FAQ For Company Strike Off Service
1. How long does it take to strike off a company?
2. What documents will I get after company strike off?
3. Will I need to submit all annual return before applying for company strike off?
Yes. Until it is dissolved, a business is obligated to file Annual Returns and follow the Companies Ordinance’s requirements. Failure to do so will result in the company being prosecuted.
4. What are the general conditions of company strike off?
Before applying for deregistration/strike off, the corporation must meet the following requirements.
- All of the company’s members consent to the deregistration.
- During the three months preceding the application, the company has not begun operations or business, or has not been in operation or carried on business.
- There are no outstanding obligations for the company.
- The business is not a party to any legal proceedings.
- The company has a Notice to Authority/Company Registry in hand.