Companies registered under Section 8 can close their company by surrendering their license to operate as a charitable company. Such license can be surrendered by converting the company into a normal company other than a Section 8 company.
For Conversion of Section 8 Company, follow the link given below:
Once the company is converted into a normal company then the company can go for winding up of the company as per the procedure provided under the Companies Act, 2013 or as per the Insolvency and Bankruptcy Code 2016.
Companies registered under Section 8 can close their company by surrendering their license to operate as a charitable company. Such license can be surrendered by converting the company into a normal company other than a Section 8 company.
For Conversion of Section 8 Company, follow the link given below:
https://www.profsindia.com/post/conversion-of-section-8-company-into-any-other-company
Once the company is converted into a normal company then the company can go for winding up of the company as per the procedure provided under the Companies Act, 2013 or as per the Insolvency and Bankruptcy Code 2016.