[aaykarbhavan] VOL. LIQUIDATION OF P LTD CO.

Dear friends,

 

Would like advice and guidance in the following matter:

 

A pvt ltd co who is not doing business for last 4/5 years wants to liquidate the same.

The co is debt free and having only cap and reserves of substantial amount.

 

In order to have hassle free voluntary winding up, which options are better?

 

1. buy back of shares and after 2/3 years go for winding up. Also can co. buy 90% of its shares in one year?

                                           Or

 

2. to become a partner in a firm without any remuneration and after 2/3 years go for winding up.
   

 

Thank you.

 

moiz

.

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