{"id":12831,"date":"2021-06-15T01:08:50","date_gmt":"2021-06-14T19:38:50","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=12831"},"modified":"2022-01-04T13:18:46","modified_gmt":"2022-01-04T07:48:46","slug":"closure-of-subsidiary-company","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/","title":{"rendered":"Closure of Subsidiary Company"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea27f876a30\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea27f876a30\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#Closure_of_Subsidiary_Company\" title=\"Closure of Subsidiary Company\">Closure of Subsidiary Company<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#BRIEF_INTRODUCTION\" title=\"BRIEF INTRODUCTION\">BRIEF INTRODUCTION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#STRIKING_OFF_FROM_ROC_%E2%80%93CLOSURE_OF_SUBSIDIARY_COMPANY\" title=\"STRIKING OFF FROM ROC &#8211;CLOSURE OF SUBSIDIARY COMPANY\">STRIKING OFF FROM ROC &#8211;CLOSURE OF SUBSIDIARY COMPANY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#FORMS_FOR_CLOSURE\" title=\"FORMS FOR CLOSURE\">FORMS FOR CLOSURE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#PROCEDURE_FOR_STRIKING_OFF\" title=\"PROCEDURE FOR STRIKING OFF\">PROCEDURE FOR STRIKING OFF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#The_following_procedures_are_followed_for_closure_of_subsidiary_in_India_%E2%80%93\" title=\"The following procedures are followed for closure of subsidiary in India &#8211;\">The following procedures are followed for closure of subsidiary in India &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#DOCUMENTATION_REQUIREMENT_FOR_STRIKING_OFF\" title=\"DOCUMENTATION REQUIREMENT FOR STRIKING OFF\">DOCUMENTATION REQUIREMENT FOR STRIKING OFF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#TIME_PERIOD_FOR_STRIKING_OFF\" title=\"TIME PERIOD FOR STRIKING OFF\">TIME PERIOD FOR STRIKING OFF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#ELIGIBLE_ENTITIES_FOR_STRIKING_OFF\" title=\"ELIGIBLE ENTITIES FOR STRIKING OFF\">ELIGIBLE ENTITIES FOR STRIKING OFF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#PROCESS_OF_VOLUNTARY_LIQUIDATION\" title=\"PROCESS OF VOLUNTARY LIQUIDATION:\">PROCESS OF VOLUNTARY LIQUIDATION:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#CONTENTS_OF_PUBLIC_ANNOUNCEMENT\" title=\"CONTENTS OF PUBLIC ANNOUNCEMENT\">CONTENTS OF PUBLIC ANNOUNCEMENT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#_Summary_of_New_MCA_official_updates_under_the_Company_Act_2013\" title=\"\u00a0Summary of New MCA official updates under the Company Act 2013\">\u00a0Summary of New MCA official updates under the Company Act 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#Compliance_for_Foreign_Subsidiary_Companies_in_India\" title=\"Compliance for Foreign Subsidiary Companies in India\">Compliance for Foreign Subsidiary Companies in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#New_Online_filing_eForm_DIR-3_eKYC_Directors\" title=\"New Online filing eForm DIR-3 eKYC Directors\">New Online filing eForm DIR-3 eKYC Directors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/#Key_Highlights_of_RACP_Bill_2020_and_Companies_Amendment_Bill2020\" title=\"Key Highlights of RACP Bill, 2020 and Companies (Amendment) Bill,2020\">Key Highlights of RACP Bill, 2020 and Companies (Amendment) Bill,2020<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-SUBSIDIARY-COMPANY..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12834\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-SUBSIDIARY-COMPANY..jpg\" alt=\"\" width=\"953\" height=\"424\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-SUBSIDIARY-COMPANY..jpg 337w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-SUBSIDIARY-COMPANY.-300x134.jpg 300w\" sizes=\"(max-width: 953px) 100vw, 953px\" \/><\/a><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Closure_of_Subsidiary_Company\"><\/span><strong>Closure of Subsidiary Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"BRIEF_INTRODUCTION\"><\/span><strong>BRIEF INTRODUCTION<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Since the last few decades, India has been termed as a hub and one of the most favorable &amp; preferred nations in terms of investments by foreign companies.<\/li>\n<li>However, due to some commercial or other reasons, foreign companies tend to close down their business establishments situated in India. Accordingly, a specific process has been prescribed, which is required to comply by the foreign company for closing their subsidiaries established in India.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-COMPANY.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12838\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-COMPANY.png\" alt=\"CLOSURE OF COMPANY,\" width=\"921\" height=\"694\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-COMPANY.png 630w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/CLOSURE-OF-COMPANY-300x226.png 300w\" sizes=\"(max-width: 921px) 100vw, 921px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12840\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1.jpg\" alt=\"Company Strike-off-Chart\" width=\"913\" height=\"514\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1.jpg 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Strike-off-Chart-1-e1541926614698-1280x720-1-800x450.jpg 800w\" sizes=\"(max-width: 913px) 100vw, 913px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"STRIKING_OFF_FROM_ROC_%E2%80%93CLOSURE_OF_SUBSIDIARY_COMPANY\"><\/span><span style=\"color: #ff9900;\"><strong>STRIKING OFF FROM ROC &#8211;<\/strong><strong>CLOSURE OF SUBSIDIARY COMPANY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"FORMS_FOR_CLOSURE\"><\/span><span style=\"color: #000080;\"><strong>FORMS FOR CLOSURE<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Where a subsidiary company is required to be closed, the same shall file the following forms with the Registrar of Companies, which related to the closure and striking off the name of said subsidiary from the registers &#8211;<\/p>\n<ol>\n<li>E-Form MGT-14<\/li>\n<li>E-Form STK-2<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"PROCEDURE_FOR_STRIKING_OFF\"><\/span><span style=\"color: #000080;\"><strong>PROCEDURE FOR STRIKING OFF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"The_following_procedures_are_followed_for_closure_of_subsidiary_in_India_%E2%80%93\"><\/span><strong>The following procedures are followed for closure of subsidiary in India &#8211;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>First, the company shall assign or authorize an officer, who can be a <a href=\"https:\/\/www.caindelhiindia.com\/blog\/managerial-remuneration-in-a-company-2-schedule-xiii-see-section-198-269-310-and-311\/\">director<\/a>, for making arrangements for the commencement of a board meeting.<\/li>\n<li>A notice for the board meeting be provided to all the members of the board, at least seven days before the day of the meeting, and the notice shall state the agenda of the meeting.<\/li>\n<li>The board meeting is conducted on the decided date, and the members shall pass the board resolution in respect of the closure of the subsidiary company.<\/li>\n<li>The board shall also draft the notice for the Annual General Meeting (AGM) or the Extra-Ordinary General Meeting (EGM) of the shareholders for their approval.<\/li>\n<li>Notice be placed to each shareholder and other members to whom such notice be placed.<\/li>\n<li>Conduct the meeting of shareholders and other members and they shall pass a Special Resolution for the approval of the closure of the company.<\/li>\n<li>After this, the company shall file the application for closure in Form MGT-14, and the same be filed with the Registrar along with the required documents.<\/li>\n<li>Once the registrar verifies the documents, the applicant can file Form STK-2 along with the supporting documents for striking off the name of the company from the registers of companies maintained with the Registrar.<\/li>\n<li>Registrar of Companies will verify all the documents provided with the forms and also the compliance towards the terms and conditions for the closing of the subsidiary company.<\/li>\n<li>Once the verification is done, and no irregularity is found, the ROC shall commence the process of striking off the name of the company from the registers and shall publish a public notice as per the norms under Insolvency and Bankruptcy Code (IBC), 2016, prior to striking off.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"DOCUMENTATION_REQUIREMENT_FOR_STRIKING_OFF\"><\/span><span style=\"color: #000080;\"><strong>DOCUMENTATION REQUIREMENT <\/strong><\/span><span style=\"color: #000080;\"><strong>FOR STRIKING OFF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>A bond is provided in the Form STK-3, duly notarized all the <a href=\"https:\/\/www.caindelhiindia.com\/blog\/managerial-remuneration-in-a-company-2-schedule-xiii-see-section-198-269-310-and-311\/\">board of directors.<\/a><\/li>\n<li>An indemnity bond in the Form STK-3.<\/li>\n<li>Affidavit in the format prescribed in Form STK-4.<\/li>\n<li>Certified copy of the Special Resolution, passed and attested by the directors.<\/li>\n<li>A statement providing information regarding the litigation and cases (if any), pending in the name of the company in any court of law.<\/li>\n<li>A statement providing detailed information, as to the liabilities and assets of the company, and the same be certified by a practicing Chartered Accountant.<\/li>\n<li>Copy of the board resolution, authorizing the applicant to file the forms for closing of the said company.<\/li>\n<li>The company shall also provide a No-Objection Certificate, issued by the concerned regulatory authority governing the company.<\/li>\n<li>Copy of the order issued by the requisite stock exchange, ordering the delisting of the securities of the said company.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"TIME_PERIOD_FOR_STRIKING_OFF\"><\/span><span style=\"color: #000080;\"><strong>TIME PERIOD <\/strong><\/span><span style=\"color: #000080;\"><strong>FOR STRIKING OFF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Once the application for strike-off and closing of the subsidiary company is received by the Registrar of Company (ROC) in the prescribed E-Form STK-2, the documents supported with the application are duly verified by the ROC. Once the same is found to be in order,<\/li>\n<li>ROC provides for the publishment of public notice and such notice is sent to the company and its director.<\/li>\n<li>In case no objections are received within the time period prescribed in the notice, they strikes-off the company name from the registers. Thus, it takes approximately 3 to 4 months to complete the whole process of strike off and closure of the company.<\/li>\n<li>However any objection is received by the Registrar, the process will become lengthy since the same would involve the validity of the objection and the actions to be taken.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ELIGIBLE_ENTITIES_FOR_STRIKING_OFF\"><\/span><span style=\"color: #000080;\"><strong>ELIGIBLE ENTITIES <\/strong><\/span><span style=\"color: #000080;\"><strong>FOR STRIKING OFF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As per the provision of Section 59(1) of the IBC act, a company can apply for the closure of its subsidiary provided \u2013<\/p>\n<ul>\n<li>The company is looking for the closure of the subsidiary voluntarily.<\/li>\n<li>The company is not charged to have committed any offense or default.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PROCESS_OF_VOLUNTARY_LIQUIDATION\"><\/span><span style=\"color: #000080;\"><strong>PROCESS OF VOLUNTARY LIQUIDATION:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12836\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY.jpg\" alt=\"CLOSURE OF SUBSIDIARY COMPANY,\" width=\"952\" height=\"535\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY.jpg 822w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/InkedCLOSURE-OF-SUBSIDIARY-COMPANY-800x450.jpg 800w\" sizes=\"(max-width: 952px) 100vw, 952px\" \/><\/a><\/p>\n<ul>\n<li>The liquidator appointed by the board of directors shall make a public announcement within 5 days from his\/her appointment and he will invite the claims against the company.<\/li>\n<li>The time period for filing such claims is 30 days.<\/li>\n<li>Notice be published in one regional language or local daily newspaper &amp; 1 daily English newspaper circulating in the area, where the registered office of the company is situated.<\/li>\n<li>The said notice shall also be uploaded on the website of the company as well.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"CONTENTS_OF_PUBLIC_ANNOUNCEMENT\"><\/span><span style=\"color: #000080;\"><strong>CONTENTS OF PUBLIC ANNOUNCEMENT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Date from which the process of liquidation will be initiated.<\/li>\n<li>Details of the liquidator include their name, complete address, contact details, and registration number.<\/li>\n<li>Last date by which the members or any other person, can submit their claim against the company.<\/li>\n<li>The mode through which such claims be submitted.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>It is to be noted that the liquidator is also required to open a new bank account, with a scheduled bank.<\/li>\n<li>The said account be opened in the company or the corporate person along with the words \u2018in liquidation\u201d at the end.<\/li>\n<li>Such account is used receiving the proceeds from the sale of the assets &amp; claims of the members along with other persons be also paid from this account only.<\/li>\n<li>All the transactions relating to the company after the initiation of liquidation, be carried out from this newly opened bank account only.<\/li>\n<\/ul>\n<p>Popular blog:-<\/p>\n<h4><span class=\"ez-toc-section\" id=\"_Summary_of_New_MCA_official_updates_under_the_Company_Act_2013\"><\/span><a href=\"https:\/\/carajput.com\/blog\/summary-of-new-mca-official-updates-under-the-company-act-2013\/\">\u00a0Summary of New MCA official updates under the Company Act 2013<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Compliance_for_Foreign_Subsidiary_Companies_in_India\"><\/span><a href=\"https:\/\/carajput.com\/blog\/compliance-for-foreign-subsidiary-companies-in-india\/\">Compliance for Foreign Subsidiary Companies in India<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"New_Online_filing_eForm_DIR-3_eKYC_Directors\"><\/span><a href=\"https:\/\/carajput.com\/blog\/new-online-filing-eform-dir-3-ekyc-directors-for-fy-2019-20\/\">New Online filing eForm DIR-3 eKYC Directors<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Key_Highlights_of_RACP_Bill_2020_and_Companies_Amendment_Bill2020\"><\/span><a href=\"https:\/\/carajput.com\/blog\/key-highlights-of-racp-bill-2020-and-companies-amendment-bill2020\/\">Key Highlights of RACP Bill, 2020 and Companies (Amendment) Bill,2020<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Closure of Subsidiary Company BRIEF INTRODUCTION Since the last few decades, India has been termed as a hub and one of the most favorable &amp; preferred nations in terms of investments by foreign companies. However, due to some commercial or other reasons, foreign companies tend to close down their business establishments situated in India. Accordingly, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,8789],"tags":[1668],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12831"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=12831"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12831\/revisions"}],"predecessor-version":[{"id":20738,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12831\/revisions\/20738"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=12831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=12831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=12831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}