Closure of Business
Quick Reference for Your Business
Clean Exit for Any Entity – everything you need to know about Closure of Business.
01
How Each Entity Is Closed
| Entity | How to Close |
|---|---|
| Proprietorship | Surrender GST/registrations, file final ITR, close accounts |
| Partnership firm | Dissolution deed, settle dues, intimate Registrar of Firms |
| LLP | Strike-off via Form 24 (after clearing filings & liabilities) |
| Private Limited | Strike-off via STK-2 (Sec 248), routed to C-PACE |
02
What Must Be Done First
Clear all dues
Income tax, GST, PF, ESI, creditors
File all pending returns
ROC, GST, IT — up to date
Close bank accounts
and satisfy open charges (CHG-4)
Cancel registrations
GST, professional tax, licenses
Board / partner resolution
approving closure
Note: A clean closure protects you from future liability. Simply stopping business doesn't end your compliance — unfiled returns and live registrations keep generating penalties. Close it properly: clear dues, file everything, then strike off. Under CCFS-2026, overdue company filings get a 90% waiver and STK-2 is at 25% fee if done before 15 July 2026.
03
Why Clients Trust M/s Durganjali & Associates
A real, qualified Chartered Accountant
Not an agent — a CA who closes your entity cleanly so no liability follows you afterwards.
Bankable, honest numbers
Project reports and CMA data built on realistic figures lenders trust — not inflated projections.
The right scheme & lender
We match you to the correct scheme and lender so you don't waste time on rejections.
Clear updates in your language
Simple updates in Telugu and English — you always know where things stand.
End-to-end support
From documentation to sanction and post-loan compliance.
Talk to a Chartered Accountant
Have questions about taxation, audit, or compliance? Fill out the form below and we'll get back to you within 24 hours.