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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
Before applying, you should deal with any of the company’s assets, such as closing any bank accounts and transferring any domain names. Because, all of your company’s remaining assets will be given to the government when it is dissolved.
Companies House will send you a letter confirming that you filled out the form correctly. If you have, your request to have the company struck off will be published in your local Gazette as a notice.
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.
As a result, our experts, who have years of experience in the field, strongly advise that you follow expert advice to the letter. Our professionals are among the best in the country, and they provide services all over the world. Therefore, our long-term customers rely on them to deliver only the most effective strategies.
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.
- Within 30 days, any objections to the planned strike off must be sent.
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:
Traditional techniques take longer and are more cumbersome procedures, whereas inactive or non-functioning companies can be closed quickly in 3 to 16 days.
3. Avoid Fines:
If an inactive or non-functioning corporation does not follow the law, it may face severe fines, penalties, and sanctions for its officials, including the Directors being barred from founding another company in some situations. 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.
- Any legal proceedings involving the corporation has to be avoided.
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.
- The deregistration is approved by all of the company’s members.
- 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.
- There are no legal cases in which the company is involved.
- A Notice to Authority/Company Registry has been obtained by the company.