Closure review
Assets, liabilities, filings and tax position reviewed to choose the route.
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Closing a company properly protects its directors and shareholders from future penalties and liabilities. We review the company's position, choose the right route, whether easy exit strike-off or winding up, settle SECP and FBR obligations and see the closure through.
Many companies simply stop trading and are left on the register. But a dormant company still has filing obligations with SECP and FBR, its directors remain responsible, and penalties keep building until it is properly closed.
The right route depends on the company's position. A private or unlisted public company that has ceased to operate and has no known assets and liabilities can use SECP's easy exit scheme, under section 426 of the Companies Act, 2017, to apply directly to the registrar to have its name struck off instead of going through a winding-up petition. A solvent company with assets to distribute can be wound up voluntarily by its members, while a company that cannot pay its debts needs a process that protects its creditors, and contested cases may need the court.
Closure is not only an SECP matter. Final income tax and, where registered, sales tax returns need to be filed, withholding obligations settled, tax registrations closed and any outstanding notices resolved. Bank accounts, PSEB registration and licences need closing too. We plan all of it together, using our company strike-off service where easy exit fits and our tax compliance review to clear the tax side.
A fixed fee for the route that fits, quoted after a short review.
Assets, liabilities, filings and tax position reviewed to choose the route.
Easy exit strike-off, voluntary winding up or another route, explained clearly.
Overdue SECP returns brought up to date where the route requires it.
Board and members' resolutions and declarations prepared.
The strike-off or winding-up filings made and followed through.
Final income tax, sales tax and withholding filings with FBR.
Sales tax, provincial, PSEB and other registrations cancelled.
Bank accounts closed and records kept for the required period.
These are the problems we see when companies are abandoned or closed in a hurry.
A dormant company still owes annual filings, and penalties grow every year it is left.
We close it properly.Easy exit is only for companies with no business and no known assets or liabilities.
We check eligibility first.An open FBR registration keeps generating return obligations and notices.
We file final returns and close it.Property, cash or receivables left behind must be dealt with before closure.
We plan distributions.A company that cannot pay its debts needs a process that protects creditors.
We choose a compliant route.Until the company is removed from the register, directors remain responsible for its defaults.
We see it through to the end.Directors can sign documents remotely throughout.
We understand why you are closing and what the company owns and owes.
We confirm the right exit route and what it involves.
Our fee and any government fees listed upfront.
Overdue filings, final tax returns and asset distributions dealt with.
SECP application made and registrations closed.
Companies that never traded or stopped trading years ago.
Founders closing a venture cleanly before moving on.
Groups removing companies they no longer need.
Overseas parents closing a Pakistani subsidiary.
Owners winding down a family business.
Companies whose business was sold and now have nothing left to do.
Closing a company touches corporate law, tax and accounting. We handle all three, so nothing comes back later.
We recommend the simplest route your company qualifies for.
ACCA and ICAP Chartered Accountant qualifications, plus an LLB-qualified advocate.
Final returns filed and FBR registrations closed alongside SECP.
Overdue filings brought up to date where needed.
Directors abroad can close a company without travelling.
A fixed fee for the route agreed upfront.
Have a question that is not here? Send it to us on WhatsApp and we will reply the same day.
Tell us what the company owns, what it owes and when it last filed. We will recommend the right route and quote a fixed fee before any work begins.
Book your free consultationThis page is general information about our services, not tax, legal or financial advice for your specific situation. Laws, rates and deadlines change with each Finance Act and official notification.