The case pertains to a company petition filed by Visual Changes Salon & Spa Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the company. The company was incorporated on 14.07.2012 with the objective of undertaking business of "Salon & Spa", but the business was not carried on for two years and was not profitable. The board of directors voluntarily decided to liquidate the company as per Section 59 of the Code. An Extra Ordinary General Meeting (EOGM) was held on 26.09.2019 where members approved the liquidation and appointed a liquidator.
Visual Changes Salon & Spa Private Limited filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 14.07.2012 but its business was not profitable for two years. The board of directors decided to liquidate the company. An Extra Ordinary General Meeting (EOGM) was held on 26.09.2019, approving the liquidation and appointing a liquidator. The liquidator made public announcements and filed reports with the ROC and IBBI. The company's bank account was closed on 24.06.2020, and a No Objection Certificate was received from the Income Tax Department on 24.02.2020. The liquidator's final report stated that the liquidation process was complete, with no debtors or creditors and no pending
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Visual Changes Salon &…
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The case pertains to a company petition filed by Visual Changes Salon & Spa Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the company. The company was incorporated on 14.07.2012 with the objective of undertaking business of "Salon & Spa", but the business was not carried on for two years and was not profitable. The board of directors voluntarily decided to liquidate the company as per Section 59 of the Code. An Extra Ordinary General Meeting (EOGM) was held on 26.09.2019 where members approved the liquidation and appointed a liquidator.
Visual Changes Salon & Spa Private Limited filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 14.07.2012 but its business was not profitable for two years. The board of directors decided to liquidate the company. An Extra Ordinary General Meeting (EOGM) was held on 26.09.2019, approving the liquidation and appointing a liquidator. The liquidator made public announcements and filed reports with the ROC and IBBI. The company's bank account was closed on 24.06.2020, and a No Objection Certificate was received from the Income Tax Department on 24.02.2020. The liquidator's final report stated that the liquidation process was complete, with no debtors or creditors and no pending
…Visual Changes Salon &…
A resolution was passed…
Sign in to view related legal provisions.