Business Dissolutions & Settlements
We offer end-to-end support for legally dissolving businesses or settling disputes, ensuring proper valuation, regulatory compliance, and smooth closure of operations with minimal disruption.
Partnership Firm Settlements
The dissolution or restructuring of a partnership can be sensitive and complex. At Rejith & Maju Chartered Accountants (RAMCA) , we specialize in facilitating smooth and legally compliant partnership firm settlements , ensuring all partners’ rights and responsibilities are addressed fairly..
What We Offer
Our settlement services are designed to manage both the financial and legal aspects of winding up or restructuring a partnership firm. We handle the process end-to-end, promoting transparency, equity, and regulatory compliance.
Our Key Services Include:
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Valuation of Partnership Assets & Liabilities:
Fair market valuation of business assets, goodwill, receivables, and outstanding obligations.
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Settlement of Partner Accounts:
Calculating and disbursing partner dues based on capital contribution, profit-sharing ratios, and accumulated reserves
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Drafting Dissolution Agreements:
Preparation of:
- Partnership Dissolution Deed
- Settlement Agreement
- Release & No-Objection Clauses
Ensuring legal enforceability and clarity for all parties involved. -
Regulatory Closure & Filings:
Compliance with:
- Indian Partnership Act, 1932
- Filing closure with Registrar of Firms (where registered)
- Income Tax and GST de-registrations (as applicable)
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Mediation & Advisory (if disputes exist):
Facilitating amicable negotiation or third-party mediation to prevent prolonged legal battles.
Why Choose RAMCA for Firm Settlements
- Deep knowledge of partnership and tax law
- Neutral and fair handling of partner interests
- Legally sound documentation
- Avoidance of disputes, litigation, and regulatory penalties
- Confidential, transparent, and timely execution
Applicable To:
- Traditional family partnerships
- Professional firms (CA, law, consulting, etc.)
- Business partnerships across industries
Corporate Dissolution Procedure
Closing a company requires careful planning, regulatory compliance, and timely execution. At Rejith & Maju Chartered Accountants (RAMCA) we provide end-to-end advisory and execution supportfor corporate dissolution through legal methods such as strike-off, voluntary liquidation,or winding-up, in accordance with Indian corporate laws.
Our Corporate Closure Services Include:
- Assessment & Method Selection:
Evaluating the company’s structure, liabilities, and compliance status to determine the most suitable mode of closure:
- Strike-Off under Section 248 of the Companies Act, 2013
- Voluntary Liquidation under IBC, 2016
- Compulsory Winding-Up by Tribunal (NCLT)
- Strike-Off Services (Fast Track Exit):
- Applicable for inactive or non-operational companies.
- Preparation and filing of Form STK-2, Board and shareholder resolutions, indemnity bonds, and affidavits.
- Coordination with the Ministry of Corporate Affairs (MCA)
- Voluntary Liquidation:
- Advisory on compliance with Insolvency and Bankruptcy Code (IBC), 2016
- Appointment and coordination with a Registered Insolvency Professional (IP)
- Preparation of Statement of Affairs, Declaration of Solvency, and public announcements
- Winding-Up Support:
Assistance in documentation, representation before NCLT, and coordination with legal counsel for:
- Statutory filings
- Settling creditors' claims
- Final accounts and reports
- Regulatory Filings & Tax Clearance:
Finalization and submission of:
- Income Tax returns
- GST cancellation
- TDS closure and EPF/ESI exit
- Closure of bank accounts and statutory registrations
Benefits of Our Corporate Dissolution Services
- Complete legal and financial compliance
- Avoids penalties, interest, and regulatory prosecution
- Ensures proper closure in government records (MCA, GST, ITD)
- Saves future compliance costs for inactive entities
- Transparent and hassle-free process
Applicable Laws & Authorities
Valuation & Asset Distribution Advisory
Whether you're closing a business, dissolving a partnership, or restructuring a company, the fair valuation and distribution of assets and liabilities is critical. AtRejith & Maju Chartered Accountants (RAMCA) we provide independent valuation and advisory services to ensure that assets are distributed equitably to partners, shareholders, or creditorsin accordance with applicable laws.
Our Key Services Include:
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Objective Business Valuation:
- Asset-based, income-based, and market-based approaches
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Valuation of:
- Fixed assets (machinery, real estate)
- Intangibles (goodwill, IP, brand)
- Liabilities and contingent obligations
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Partner & Shareholder Settlements:
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Determining capital account balances, profit-sharing, and net worth adjustments for:
- Partnership dissolutions
- LLP exits
- Corporate liquidations
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Creditor Payoff Structuring:
- Advisory on priority-based settlement (secured vs. unsecured creditors)
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Coordination with legal counsel or Insolvency Professionals when governed by:
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Asset Distribution Planning:
- Suggesting optimal strategies to minimize disputes and tax liabilities
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Ensuring compliance with:
- Shareholder agreements
- Court/tribunal directives (if applicable)
- Legal documentation (release deeds, MoUs)
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Certified Valuation Reports:
- Issuance of valuation reports certified by Chartered Accountants or Registered Valuers (as required under Companies Act, 2013 – Section 247)
Common Scenarios We Support:
- Partnership dissolution and capital redistribution
- Corporate liquidation (strike-off, voluntary winding-up, NCLT cases)
- Exit of promoters/investors
- Business transfers, mergers, or demergers
- Settlement among heirs in family-run businesses
Why Choose RAMCA for Valuation & Distribution
- Unbiased, professionally certified valuation
- Full legal and tax compliance
- Protection of all stakeholder interests
- Prevents future disputes and litigation
- Transparent and documented advisory process