Company dissolution is the legal process of closing a company, which may involve voluntary winding up by shareholders or forced liquidation due to insolvency.
Our Services
Guidance on the dissolution process and implications.
Preparation and filing of necessary documents with the SECP.
Assistance with settling debts and distributing assets.
Consultation on tax implications
Legal representation in disputes arising during dissolution.
Procedure for Company Dissolution
Board Resolution: Pass a resolution to dissolve the company
Notify Creditors: Inform creditors and settle any outstanding debts.
Filing with SECP: Submit a dissolution application along with required documents.
Settling Debts: Pay off outstanding debts and obligations.
Asset Distribution: Distribute remaining assets among shareholders.
Obtain Clearance Certificate: Receive a tax clearance certificate from the FBR.
Publication of Notice: Publish a notice of dissolution in a widely circulated newspaper.
Obtain Certificate of Dissolution: Receive a certificate from the SECP confirming dissolution.
Relevant Laws and Acts
Companies Act, 2017
Income Tax Ordinance, 2001
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