To close a company, follow these general steps:
1. Board/Shareholder Approval: Obtain approval from the board of directors or shareholders to close the company. Hold a meeting and record the resolution.
2. Settle Debts and Liabilities: Pay off all outstanding debts, taxes, and obligations. This may include employee severance, vendor payments, and outstanding loans.
3. File fo... https://www.compliancecalendar.in/close-company