Voluntary Liquidation
Closing a solvent company with assets and liabilities to settle.
Reviewed by CA Hitendra Pal Singh· company law, tax and complianceLast reviewed
A company that has assets to distribute or creditors to settle cannot simply be struck off; it goes through voluntary liquidation under the Insolvency and Bankruptcy Code with a liquidator, creditor notices and an NCLT dissolution order.
What is included
- Solvency declaration and resolutions
- Liquidator appointment coordination
- Creditor notices and claims
- Asset realisation and distribution support
- NCLT dissolution application
What we will need from you
- Latest audited accounts
- Declaration of solvency
- List of creditors and assets
- Shareholder approval
How long it takes
Typically 9–12 months.
Timelines are typical, not guaranteed. Government processing times vary, and a query from the officer adds to them. We will tell you where yours stands.
Common questions
Strike-off or liquidation?
Strike-off suits a company with no assets or liabilities. Anything that needs settling or distributing goes through liquidation.