Closure of a Private Limited Company

In the dynamic world of business, companies are often established with aspirations of growth and long-term success. However, due to various reasons—financial struggles, strategic changes, or personal decisions—business owners may choose to discontinue operations. Closure of a Private Limited Company is a formal legal procedure in India and many other jurisdictions that involves winding up the affairs of the company, settling liabilities, and officially removing the company's name from the records of the Registrar of Companies (RoC). It is a critical process that must be handled meticulously to avoid legal complications in the future.