Closing a company should be as simple as possible so that you can move on quickly. In India, it has become less complicated in the last few years, but you still must know what you are doing.
Back in 2016, a European Company in Mumbai decided to close its Liaison Office (LO). The company got stuck because there were a lot of non-compliances to clear up with the ROC and RBI. They had help from a certified CA, but the paperwork wasn’t moving.
In 2019 the company approached M+V for help. We resolved the non-compliances step by step. The RBI closed the Liaison Office (LO) last month, and the parent company has bank balance back in its accounts.
For more details, please contact Dhrub Thakur