top of page

Transfer of Shares in Private Limited Company – Legal Setup India

End your company legally and avoid future penalties!

At Legal Setup India, we provide expert services for voluntary winding up of private limited company, One Person Company (OPC), and public limited company, ensuring full compliance with MCA and ROC.

What is Winding Up of a Company?

Winding up refers to the formal process of closing a company’s operations, settling its liabilities, distributing remaining assets, and removing its name from the MCA (Ministry of Corporate Affairs) register.


Once wound up, the company ceases to exist legally, and directors/shareholders are relieved from future statutory compliance.

Types of Company Closure in India

1. Strike Off under Section 248 of Companies Act, 2013
(Also known as Fast Track Exit or FTE)
 

a) For companies that are inactive for 2+ years

 

b) No pending liabilities or ongoing business

​

 

2. ​Voluntary Winding Up


a) Initiated by shareholders/directors

​

b) Requires special resolution and filing with ROC and NCLT (for certain types)

​


3. Compulsory Winding Up


a) Initiated by creditors, government, or tribunal in case of fraud, default, etc.

Eligible Company Types for Winding Up

  • Private Limited Company
     

  • One Person Company (OPC)
     

  • Public Limited Company
     

  • Section 8 Company (with special approvals)

 Step-by-Step Process to Wind Up a Company

        For Strike-Off (Fast Track Exit):

 

  • Hold Board Meeting

  • Prepare Affidavits & Indemnity Bond

  • Pass Special Resolution

  •  File Form STK-2 with MCA

  •  Clear all pending liabilities

  •  ROC verification and strike-off approval


    For Voluntary Winding Up:
     

  • Prepare declaration of solvency (if applicable)

  • Hold shareholders’ meeting for special resolution

  •  Appoint Liquidator

  • File necessary documents with ROC and IBBI

  •  Apply to NCLT (for certain cases)

  •  Company closure approved

Documents Required for Company Winding Up

  • Board Resolution & Special Resolution

 

  • Affidavit & Indemnity Bond by Directors

 

  • Statement of Accounts (not older than 30 days)

 

  • IT Return Acknowledgements

 

  • Consent of Creditors (if applicable)

 

  • PAN, COI, MOA & AOA copies

 

  • Form STK-2 and attachments

 Government Fees & Professional Charges

Government fees for company strike-off filing (STK-2) is ₹10,000.
At Legal Setup India, we offer affordable winding up packages based on company type and complexity.

Common Reasons for Company Winding Up

  • Inactive business operations

 

  • No revenue or business activity

 

  • Legal disputes among shareholders

 

  • Non-compliance with ROC & MCA

 

  • Financial stress or insolvency

 

  • Closure due to business restructuring

Why Choose Legal Setup India?

✔️End-to-end service: Drafting, documentation, ROC filing

 

✔️Affordable pricing & transparent process

 

✔️MCA/ROC compliant company closure

 

✔️Quick and hassle-free filing

 

✔️Trusted by 1000+ businesses across India

 

✔️Available in Ahmedabad, Gujarat & PAN India

FAQ

Answers

Frequently asked questions

Thinking of Closing Your Company?

 Talk to our experts for a legal, affordable & fast company closure process.

bottom of page