License Cancellation
About License Cancellation
Revoking your trade license or dissolving your company is a weighty choice that demands professional guidance every step of the way. The process involves multiple stages, ranging from straightforward tasks to more intricate ones like securing NOCs from diverse governmental bodies. Any mistake or oversight could lead to hefty fines, an unwelcome burden during the company closure process.
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Requirements
- Get clearance from the government authorities to avoid incurring any fines or penalties on your license when it is not renewed upon its expiry.
- Inform relevant authorities that you are no longer in the business to avoid incurring any fines or penalties on your license when it is not renewed upon its expiry.
- Discharge your liabilities towards creditors and partners if you are in a shareholding company and protect your interests and shares.
- Put your goodwill and business reputation in perspective if you decide to start a business again
How can we assist in altering your trade license?
We facilitate the processing of license modifications, ensuring minimal disruption to your business operations. Whether you’re making minor adjustments or require multiple amendments, we oversee the entire procedure to ensure a swift and effortless process.