The closure of a company can be voluntarily done by the members in two ways:

• By passing an ordinary resolution in general meeting on expiry of duration for which it was formed, or occurrence of any event provided by articles for dissolution, or
• By passing a special resolution for winding up voluntarily

• Preparation of necessary documents for voluntary winding up
• Drafting of documents required to call and hold the required meetings like notice of meetings, certified true copy of resolutions and declarations
• Preparing and filing an application for voluntary winding up with Tribunal
• Making representation before Tribunal for Obtaining the dissolution order
• Filing of ROC forms along with necessary documents for winding up of company, appointment of liquidator and final dissolution

• Convene a Board Meeting for fixation of the general meeting and approval of voluntary winding up, liquidator’s appointment, declaration of solvency.
• Issue notices for the General Meeting of the Company proposing the winding up resolution, with suitable explanatory statement.
• In General Meeting pass the resolution for winding up with required majority
• Conduct a meeting of creditors and present declaration of solvency before them
• In meeting, obtain consent of at least 2/3rd creditors approving the voluntary winding up
• Within 10 days of passing the winding up resolution, file Form GNL-2 for intimating the Declaration of Solvency and Appointment of Liquidator with the Registrar
• Within 14 days of passing the winding up resolution, make a Public Announcement in Official Gazette and Newspaper where registered office is located
• Within 30 days of passing the winding up resolution, file certified copy of board resolution and resolution passed in the General Meeting with ROC in Form MGT-14
• Within 30 days of passing the winding up resolution, intimate the Income Tax Department and obtain NOC
• Liquidator will carry out the winding up proceedings and prepare a final report on the realization of assets, properties and disposal of debts and credits
• Call a final general meeting and present the liquidators report on wind up affairs and pass a resolution for final dissolution
• File a copy of the final report and resolutions to the ROC in GNL-2 and MGT-14
• Make an application to the Tribunal for passing an order of dissolution of the company.
• Tribunal shall pass an order of dissolution within 60 days of the application
• File copy of the final order of Tribunal with the ROC.
• On receiving the copy of Tribunal, Registrar will publish a notice of company’s dissolution in the Official Gazette