A company can be closed by adopting the following ways:-
Many times companies are not running well and may be closed down or liquidated. For this necessary formalities of the ROC must be complied.
Company can be closed as follows:
(A) Strike off a company under Section 560 :
Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register of Registrar of company can apply in Form 61 for strike off its name from the register maintained by ROC. Similarly, ROC has also power to strike off any defunct company after satisfying himself of the need to strike off a defunct company and has reasonable cause. But before passing any order in this regard, an opportunity of being heard must be provided to the defunct company by following the due procedure u/s 560.
