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Compliance & Audit

Company Winding Up & Closure (RJSC)

কোম্পানি অবসায়ন ও বন্ধ করা

Close a company properly through members' or creditors' voluntary winding up (or by court order) so directors are released from future RJSC, tax and VAT liabilities.

Authority

Registrar of Joint Stock Companies and Firms (RJSC)

Processing time

Voluntary winding up: the company is deemed dissolved 3 months after RJSC registers the liquidator's final-meeting return. The whole process (settling debts, tax and VAT clearance, final accounts) usually takes 6–12 months.

Validity

Permanent — the company is dissolved and struck off the register.

Legal basis

Companies Act 1994 — winding up by the court and voluntary winding up (members' and creditors')

Who needs it?

Companies that have stopped trading, finished a project, or want to close a subsidiary or joint venture in Bangladesh.

Government fees

Government fees only — paid to the authority. Our professional fee is quoted separately, in writing. Each line shows how it was verified and when.

ItemAmountStatus
RJSC winding-up filing feesAs per RJSC fee schedule (Companies Act 1994, Schedule 2) — check the RJSC fee calculatorSource: app.roc.gov.bd/psp/fee_calculatorConfirm with our office
Gazette and newspaper noticePublication cost (BG Press and one national daily)Confirm with our office

Required documents

Members' voluntary winding up

  • Declaration of solvency by the directors (company can pay its debts within 3 years), filed with RJSC before the resolution
  • Special / extraordinary resolution for voluntary winding up
  • Gazette and newspaper notice of the resolution (within 10 days)
  • Appointment of liquidator(s) and their consent
  • Liquidator's final accounts and return of the final meeting (within 1 week of the meeting)
  • Up-to-date annual returns (Schedule X, audited accounts) — RJSC will not close a company with pending returns

Tax and other closures (practical checklist)

  • Income tax: final return and tax clearance from the circle
  • VAT: BIN cancellation / de-registration with the VAT circle
  • Trade licence, IRC/ERC, bond or other licences surrendered
  • Bank accounts closed after final distribution
  • Employees paid off under the Bangladesh Labour Act 2006

Step-by-step process

  1. 1

    Bring RJSC annual returns up to date and settle tax and VAT.

  2. 2

    Directors make a declaration of solvency (members' winding up) — otherwise it is a creditors' voluntary winding up.

  3. 3

    Pass the winding-up resolution and appoint the liquidator.

  4. 4

    Publish the resolution in the official Gazette and a newspaper within 10 days.

  5. 5

    Liquidator realises assets, pays creditors and distributes the balance.

  6. 6

    Hold the final meeting; liquidator files final accounts and the return with RJSC within 1 week.

  7. 7

    Company is dissolved 3 months after RJSC registers the return.

Frequently asked questions

Can I just stop filing returns instead of winding up?

No. RJSC can strike a dormant company off after notices and a Gazette notification, but directors stay exposed to penalties for unfiled returns and unpaid tax. A formal winding up is the safe way to close.

What if the company cannot pay all its debts?

Then the directors cannot make a declaration of solvency and it becomes a creditors' voluntary winding up, or creditors may petition the court.

Can a court supervise a voluntary winding up?

Yes — on a petition by members or creditors the court can order that the voluntary winding up continues under its supervision.

Legal basis & official sources

Last reviewed 29 Oct 2026 by Legal Zone Business Licence Desk. Fees and rules change — we reconfirm every figure before you pay.

Related

Compliance & Audit

RJSC Annual Return & Change Filings

আরজেএসসি রিটার্ন দাখিল

Companies file annual returns (Schedule-X, balance sheet) after every AGM and change returns for directors, address, capital, share transfer and charges with RJSC.

⏱ Online filing; certified copies follow after RJSC review

Compliance & Audit

Statutory Company Audit (with DVS)

কোম্পানি অডিট

Every company must have its yearly financial statements audited by an ICAB-registered chartered accountant firm. The audit report carries a Document Verification System (DVS) code accepted by NBR, banks and RJSC.

⏱ Typically 2–6 weeks

Tax & VAT

Company Income Tax Return Submission

কোম্পানির আয়কর রিটার্ন দাখিল

Every company files a yearly return with audited financial statements (DVS-verified), tax computation and withholding-tax compliance by the 15th day of the 7th month after its income year.

⏱ Return filing takes days

Ready to get your Company Winding Up & Closure (RJSC)?

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