Public Limited Company Closure Services

Shutting down a public limited company can be a strategic decision—whether due to business inoperation, cost burdens, or compliance fatigue. At Rebizco, we make this process smooth and compliant. Closing your company eliminates risks such as penalties, director disqualifications, and lingering liabilities, giving you the freedom to refocus and relaunch without encumbrances. We handle the complexities so you can move forward confidently.

What is a Close Public Limited Company?

A public limited company allows public participation through shareholding, often listed on stock exchanges and governed by stringent disclosure norms under the Companies Act, 2013.

Closure, also known as “Striking Off,” refers to legally removing a public company’s name from the Registrar of Companies (ROC). Governed by Section 248 of the Companies Act and the Companies (Removal of Names of Companies) Rules, 2016, this procedure terminates all legal obligations and dissolves the entity formally.

Our Company Closure Process

At Rebizco, we follow a transparent, compliant, and hassle-free closure process:

• Board Resolution– The Board of Directors formally authorizes the company’s closure.

• Shareholder Approval– A special resolution is passed in a general meeting to gain shareholder consent.

• Regulatory Application Filing– We file the necessary applications with ROC and other statutory bodies.

• Creditor Clearance– Obtain No Objection Certificates (NOCs) from all creditors confirming debt clearance.

• Regulatory Review & Approval– ROC or other regulators review and approve the closure request.

• Settlement of Assets and Liabilities– Liquidate remaining assets and settle all dues and liabilities.

• Final Audit & Financial Closure– We assist in preparing final audited statements and financial reports.

• Certificate Cancellation– Cancel licenses and certificates issued by regulatory authorities.

• Public Announcement– Publish a legal notice in newspapers as part of the dissolution process.

• Final Dissolution– ROC issues formal dissolution confirming the company’s legal closure.

Note: Each step is overseen by Rebizco’s legal team to ensure complete compliance.

Benefits of Closing a Public Limited Company

• Avoid Annual Compliance Costs: Say goodbye to recurring regulatory expenses and audits.

• Eliminate Penalty Risks: Closure stops accumulating fines for non-compliance.

• Administrative Relief: Free yourself from exhaustive record-keeping and reporting duties.

• Protect Directors’ Status: Prevent disqualification or default tagging for directors of inactive companies.

• Legal Clean Slate: Clear all statutory liabilities, offering peace of mind and a fresh start.

Documents Required

We ensure meticulous documentation to fast-track the closure:

• Application for Striking Off

• Board Resolution Approving Closure

• Consent of All Directors

• Director’s Affidavit

• Indemnity Bond

• Statement of Assets & Liabilities

• Form FTE (if applicable under Fast Track Exit)

Why Choose Rebizco?

At Rebizco, we don’t just close companies we close them correctly and efficiently.

• Legal Expertise: Our team specializes in Companies Act compliance.

• Flawless Documentation: We ensure your application is complete and accurate.

• Speed & Efficiency: Our systematic process accelerates approval timelines.

• Tailored Solutions: Customized plans to fit your unique business context.

• Transparent Communication: Regular updates so you’re never left wondering.

Trust Rebizco to take you from complexity to closure—with clarity and confidence.

Get Started with Rebizco Today

Schedule a free consultation to discuss the best way forward for your public limited company’s closure. Let Rebizco manage the legalities while you focus on your next opportunity.

FAQs – Public Limited Company Closure

Q: Why should I consider closing my public limited company?

A: To reduce compliance costs, remove penalty risks, and legally exit from an inactive or non-operational business.

Q: What is the Fast Track Exit (FTE) Scheme?

A: It’s a simplified closure route for companies that are inactive and have no liabilities or assets exceeding specified limits.

Q: How long does the closure process take?

A: Typically it takes 3–6 months, depending on regulatory approvals and documentation accuracy.

Q: Can the closure be initiated online?

A: Yes, certain filings can be done online via the MCA portal. Physical document submissions may still be necessary.

Q: What role does the board resolution play?

A: It formally initiates the closure, showing that the board agrees to dissolve the company.

Q: Are there penalties for mistakes during closure?

A: Yes, incorrect filings or missing steps can incur penalties. Professional assistance is strongly recommended.

Q: Can I reopen my company after closure?

A: No. Once officially dissolved, the company cannot be reopened. You would need to register a new entity.

Q: What if the company has outstanding loans?

A: All debts must be settled, or NOCs obtained from creditors before closure can proceed.

Q: Can I convert to a private limited company before closing?

A: Yes, subject to procedural compliance and regulatory approval.

Q: Can I close my company with pending legal cases?

A: Legal cases must be resolved or appropriate clearances obtained before initiating closure.

Effortless Legal Protection through Public Limited Company Closure Services

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