COSEC CONSULTANTS

As a part of Government of India’s Ease of Doing Business (EODB) initiatives, the process and procedure for incorporation of companies has been streamlined and eased out, thereby saving as many procedures, time and cost for starting a business in India. However, the increasing number of regulations and compliances with heavy penalties for delays, many business find it difficult to survive and look for options to close the business. Thus Government has provided many exit routes for closing a company in a fast manner. Companies which has ceased to carry out its business or have never commenced its operations due to various reasons be also wound up legally under the Companies Act, 2013.