Find the best UK casinos that accept bank transfer in 2026. We rank licensed operators, compare bonus types, withdrawal speeds, and explain how bank transfer deposits and payouts actually work. read our ranking of UK casinos that accept bank transfer in 2026
Voluntary Liquidation
Voluntary liquidation is a structured legal process through which a solvent company voluntarily winds up its affairs, realises assets, settles liabilities, distributes remaining proceeds, and applies for dissolution under the Insolvency and Bankruptcy Code, 2016.
This process is generally used when shareholders or promoters decide to close a company that is no longer required, has completed its purpose, or is commercially inactive, while ensuring that all debts and statutory obligations are properly addressed.
We provide end-to-end voluntary liquidation support, assisting companies, directors, shareholders, and liquidators with documentation, declarations, public announcements, claim handling, asset realisation, compliance filings, and final dissolution.
Our Voluntary Liquidation Services
Eligibility & Solvency Review
Assessment of company solvency, liabilities, assets, pending compliances, and readiness for voluntary liquidation.
Declaration of Solvency
Support in preparing declaration of solvency, statement of assets and liabilities, and related board documentation.
Shareholder Approval Support
Assistance with board resolutions, special resolutions, member approvals, and filing requirements for liquidation commencement.
Liquidator Appointment Support
Guidance and documentation support for appointment of a liquidator to conduct the voluntary liquidation process.
Public Announcement & Claims
Support with public announcement, creditor communication, claim receipt, claim verification, and stakeholder records.
Asset Realisation & Distribution
Assistance with realisation of assets, settlement of liabilities, distribution of surplus, and maintenance of liquidation accounts.
IBBI & ROC Filings
Support with required filings, progress reports, compliance documents, statutory forms, and liquidation records.
Final Report & Dissolution
Preparation support for final report, liquidation closure documents, NCLT application, and final dissolution process.
Our Voluntary Liquidation Process
1
Initial Review
Reviewing company status, assets, liabilities, creditor position, pending compliances, and liquidation eligibility.
2
Approvals & Declaration
Preparing solvency declaration, board approvals, shareholder resolutions, and commencement documentation.
3
Announcement & Claims
Supporting public announcement, creditor communication, claim receipt, verification, and stakeholder records.
4
Realisation & Distribution
Assisting with asset realisation, payment of liabilities, distribution of surplus, and liquidation account maintenance.
5
Final Closure
Preparing final report, statutory filings, NCLT dissolution application, and closure documentation.
Why Voluntary Liquidation Matters
✓
Provides a structured legal route to close a solvent company
✓
Helps settle liabilities and distribute remaining assets properly
✓
Reduces ongoing statutory compliance burden for inactive entities
✓
Ensures transparent closure for shareholders and creditors
✓
Supports compliance with IBC, IBBI, ROC, and NCLT requirements
✓
Helps avoid unnecessary annual filing and maintenance costs
✓
Creates proper records for liquidation and final dissolution
✓
Enables clean legal closure of business operations
FAQs on Voluntary Liquidation
What is voluntary liquidation?
Voluntary liquidation is a process where a solvent company voluntarily winds up its affairs, settles liabilities, realises assets, distributes surplus funds, and applies for dissolution under applicable law.
Who can opt for voluntary liquidation?
A solvent company that has no intention to continue business and is able to pay its debts may opt for voluntary liquidation, subject to approvals and compliance requirements.
Is declaration of solvency required?
Yes, directors are generally required to provide a declaration of solvency confirming that the company can pay its debts in full from the proceeds of assets or available funds.
Who conducts voluntary liquidation?
Voluntary liquidation is conducted by an appointed liquidator, usually an insolvency professional, who manages claims, assets, distributions, filings, and closure procedures.
What documents are required for voluntary liquidation?
Common documents include financial statements, asset and liability statements, declaration of solvency, board resolutions, shareholder resolutions, creditor details, statutory records, and liquidation reports.
How long does voluntary liquidation take?
The timeline depends on the company's assets, liabilities, claims, pending compliances, and NCLT processing time. Proper documentation and early compliance review can help reduce delays.
What happens after voluntary liquidation is completed?
After completing claims, asset realisation, distribution, reports, and filings, the liquidator applies to the NCLT for dissolution of the company.
Close Your Company with Proper Voluntary Liquidation Support
Get expert assistance for solvency review, liquidation documentation, claim handling, statutory filings, asset distribution, and final dissolution.
Talk to Our Liquidation Team