Winding Up India Operations

If a company decides to exit from its Indian business, the wind-up is a systematic process, depending on the type of entity. Understanding the broad parameters prior to deciding to incorporate is crucial as the wind-up process can take time (and therefore has cost implications).

This is a crucial bit of information because it is vital that you understand the process and the complexities involved, in exiting a market even before you enter it. It will prepare you and ensure that you’re ready for the eventuality when it arises.

Exiting a contractual relationship is based on the termination clause in the contract. Closing a Liaison Office, Branch Office, or Project Office is straightforward. The process for winding up a Private Limited Company or a Limited Liability Partnership is more involved, as detailed below.