1)Board Resolution- A Board Meeting is held where at least two Directors must be present who are consenting to the Closure of its company, all debts of the company must be cleared and then a special resolution is passed for the closure of its company.

2)General Meeting- Once the Board Meeting held then a General Meeting is conducted in which ¾ th of the majority must consent to the closure of the company and after passing of the resolution, the closing of the Company commences.

3)Creditor Meeting- At least 2/3rd of the creditors must satisfy that closing of a company is in the best interest of all the parties.

4)Then notice for its closure must be filed with the Registrar within 10 days from passing of the Resolution.

5)Within 14 days of passing of the resolution, it notify in official gazette and advertise it in newspaper for its closure.

6)Its certified copies of resolutions must be filed within 30 days of the General Meeting.

7)A final general meeting should be held to dispose the books and papers of the company.

8)Within 14 days of passing resolution, copy of accounts is to be filed and Application for its dissolution must be moved.

9)Once the Tribunal is satisfied with the copies and application then it may give order for its closure within 60 days of receiving the Application.

10)Once closing order is received from the Tribunal the Appointed liquidator will file a copy to the Registrar, then the Registrar will publish a notice that the Private Limited Company is dissolved which means that it is now closed.