The Central Government made new rules in relation to Winding up of companies "Companies (Winding up) Rules 2020" notified on 24th January 2020.
Effective date: 1st April, 2020
New Rules name: Companies (Winding up) Rules, 2020
Notified date: 24th January 2020
The new rules have elaborated process for winding up of those companies whose;
1) Asset size of Rs. 1 Crore and
2) Not accepted deposits exceeding Rs. 25Lakhs and
3) Turnover less than Rs. 50 Crores and
4) Total loan under Rs. 25lakhs
https://www.business-standard.com/article/companies/mca-notifies-winding-up-rules-gets-easier-for-small-firms-to-shut-business-120012900049_1.html
http://www.mca.gov.in/Ministry/pdf/Rules_28012020.pdf
Effective date: 1st April, 2020
New Rules name: Companies (Winding up) Rules, 2020
Notified date: 24th January 2020
The new rules have elaborated process for winding up of those companies whose;
1) Asset size of Rs. 1 Crore and
2) Not accepted deposits exceeding Rs. 25Lakhs and
3) Turnover less than Rs. 50 Crores and
4) Total loan under Rs. 25lakhs
https://www.business-standard.com/article/companies/mca-notifies-winding-up-rules-gets-easier-for-small-firms-to-shut-business-120012900049_1.html
http://www.mca.gov.in/Ministry/pdf/Rules_28012020.pdf
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