We just started our healthcare and tech company, registered as a private limited firm. Sadly, things haven’t gone as planned, and we need to close it down. We’re on a tight budget and haven’t hired a lawyer yet. What are our options for closing the company properly and minimizing any legal issues?

Under the Companies Act, 2013, you can voluntarily wind up your company by passing a special resolution and filing the necessary forms with the Registrar of Companies. You’ll need to appoint a liquidator to manage the process, settle debts, and distribute remaining assets. While it’s recommended to consult a lawyer for guidance, the process can be done on your own with careful adherence to the legal requirements.