Liquidation/Winding Up
Is your company no longer operational or facing long-term closure? Whether due to financial difficulty, restructuring, or voluntary decision, you can legally close your business through company liquidation or winding up as per the Companies Act, 2063. We offer complete support for Company Liquidation in Nepal, ensuring that your business is formally and lawfully dissolved through the Office of the Company Registrar (OCR) with proper legal compliance, documentation, and government approvals. 📋 Our Company Liquidation Services Include: ✅Legal consultation on voluntary or compulsory winding up ✅Drafting of Board and Shareholder Resolutions ✅Preparation and submission of the application for liquidation to OCR ✅Coordination with the tax office for tax clearance ✅Public notice publication in national newspapers ✅Settlement of creditors, liabilities, and assets distribution ✅Final submission of closure documents and deregistration from OCR ✅Follow up with IRD and OCR for the final company strike-off ❓ Frequently Asked Questions (FAQs) 1. What is company liquidation or winding up? It is the formal process of closing a company by dissolving its legal status through the Office of the Company Registrar and settling its obligations as per Nepalese law. 2. What are the types of winding up in Nepal? • Voluntary winding up by decision of shareholders • Compulsory winding up by court order • Winding up by OCR due to non-compliance or inactivity 3. What documents are required? • Board resolution and shareholder decision • Tax clearance certificate • Final audit report (if applicable) • List of creditors and liabilities • Application form for closure (we prepare this) 4. How long does the liquidation process take? The process may take 1–3 months, depending on the company’s structure, tax clearance, and asset/liability settlement status. 5. What happens to company assets during liquidation? Assets are either: • Used to pay off debts, or •Distributed among shareholders after liabilities are cleared 📞 Legally Close Your Company with Confidence
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Mon, Jul 14
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