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Company Closure in India: Legal Process, Documents and Compliance

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  Running a company is not always a long-term journey. Business plans change, projects come to an end, partners move on, or a company may simply remain inactive for years. In such situations, keeping a company registered can mean continuing to deal with annual filings, statutory records and other compliance requirements. If there is no intention to continue the business, closing the company properly can be a practical option. In India, however, company closure is not simply a matter of shutting the office or stopping business activities. The company has to complete the required legal and financial formalities before its name can be removed from the Register of Companies. For eligible companies, one of the commonly used routes is striking off the company's name under Section 248 of the Companies Act, 2013 . The Ministry of Corporate Affairs (MCA) currently processes voluntary strike-off applications through the prescribed procedure, including Form STK-2. What Does Company Closure Me...

Merger and Acquisition in India: Legal Process and Key Considerations

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Mergers and acquisitions have become an important part of business growth in India. Companies use M&A transactions to enter new markets, expand their customer base, acquire technology, strengthen their resources or consolidate their position in an industry. At the same time, an M&A transaction is not simply a commercial agreement between two businesses. It involves legal, financial, regulatory and operational considerations that need to be addressed before the transaction is completed. The legal process can vary depending on whether the transaction is structured as a merger, amalgamation, share acquisition, asset acquisition or acquisition of control. Companies must also consider the requirements under the Companies Act, 2013, competition law, securities regulations, tax laws, foreign exchange regulations and sector-specific rules, wherever applicable. What Is a Merger and Acquisition? A merger generally involves two or more companies combining their businesses into one entit...