Should one sell the inoperative company or wind up the company? This is the question which is in the minds of those who registered their company a year or some years back with a vision in mind to grow their businesses. However, unfortunately they didn't succeed for one or other reason maybe because of slowdown economy.
In order to advise or answer that first question, various factors are to be assessed;
1. What is the paid up share capital, main objects and date of registration of the company?
2. Are there any accumulated losses/ Reserves?
3. Are there any IPR, Litigation, Regulatory issues?
4. What are the number of years of business done
5. What is the current state- running or dormant?
6. What is the average cost of running and closure?
7. What will be expected amount for sale?
With the amendment in incorporation rules i.e. Spice+ web based form, there has been ease of doing business in India. Given the cost of registration is reasonable now, person needs to evaluate cost vs benefit of buying v/s incorporating.
If you really liked our write up, please subscriber our blog. For more details, contact us at CS Neha Seth at 9871903449
In order to advise or answer that first question, various factors are to be assessed;
1. What is the paid up share capital, main objects and date of registration of the company?
2. Are there any accumulated losses/ Reserves?
3. Are there any IPR, Litigation, Regulatory issues?
4. What are the number of years of business done
5. What is the current state- running or dormant?
6. What is the average cost of running and closure?
7. What will be expected amount for sale?
With the amendment in incorporation rules i.e. Spice+ web based form, there has been ease of doing business in India. Given the cost of registration is reasonable now, person needs to evaluate cost vs benefit of buying v/s incorporating.
If you really liked our write up, please subscriber our blog. For more details, contact us at CS Neha Seth at 9871903449
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