Can a private company running in losses be forced to close by the governing body surrounded by India?
The company have be within operation for around 7-8 years.
Answers:
I don't ruminate any command will close a co. only because it's making losses. Chances are the creditors will petition for its circuitous up. Unless the govt think it can find pay for something (like taxes owed), why should it misuse time and money to close you down?
Unless what you niggardly is that the co. keep making losses but doesn't close down. It can do that solitary if someone keep lend it funds, close to a shareholder. No co. can survive for long on losses. In ordinary circumstances its owners will close it down. If a co. make losses and survives, it can be a sign that someone somewhere is benefitting from this and not paying excise on those benefits. It could be selling its produce at a loss and ratification the profit to a co. within a place where on earth the rates is much lower. So altho' it might look approaching the shareholder will lose out cos his loans won't be repaid, he could be unloading benefits calmly from elsewhere. In this baggage, a govt might investigate the co. for verbs pricing, but more for tariff reason than from a desire to close it down.
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Answers:
I don't ruminate any command will close a co. only because it's making losses. Chances are the creditors will petition for its circuitous up. Unless the govt think it can find pay for something (like taxes owed), why should it misuse time and money to close you down?
Unless what you niggardly is that the co. keep making losses but doesn't close down. It can do that solitary if someone keep lend it funds, close to a shareholder. No co. can survive for long on losses. In ordinary circumstances its owners will close it down. If a co. make losses and survives, it can be a sign that someone somewhere is benefitting from this and not paying excise on those benefits. It could be selling its produce at a loss and ratification the profit to a co. within a place where on earth the rates is much lower. So altho' it might look approaching the shareholder will lose out cos his loans won't be repaid, he could be unloading benefits calmly from elsewhere. In this baggage, a govt might investigate the co. for verbs pricing, but more for tariff reason than from a desire to close it down.