Closing a Private Limited Company in India: A Step-by-Step Legal Guide (2025 Update)
A Private Limited Company is a popular business structure in India due to limited liability and ease of management. However, situations arise where business owners decide to close their company. The closure of a Private Limited Company involves legal formalities governed by the Companies Act, 2013 (amended in 2023), and rules notified by the Ministry of Corporate Affairs (MCA).