Liquidation Services

Entity Dissolution in Bangladesh

Liquidation/Winding up/Dissolution is the legal procedure that brings the existence of an entity to an end. Our comprehensive, end-to-end solutions assist you to undertake dissolution of a legal entity in Bangladesh by adopting a strategic approach which enables our clients to maintain compliance with all prevailing regulations and navigate throughout the entire process of entity dissolution.
As a trusted entity dissolution partner to our clients, ACE Advisory enables local and international businesses to liquidate entities reliably and compliantly in Bangladesh.

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Helping you dissolute an entity in Bangladesh

Our integrated solutions help our clients to successfully liquidate their entities, cancel their registrations with different regulators in Bangladesh, close their bank account(s) and distribute/repatriate residual funds to the shareholders.

Private Limited Company

By the court
Voluntarily
Subject to the supervision of the court

There are two types of voluntary winding up:

Member’s voluntary winding up
Creditor’s voluntary winding up

Private Limited Company

Companies which are solvent enough to settle their debts within 3 (three) years of the commencement of liquidation are eligible to opt for a Members’ Voluntary Winding up. The process goes in the chronological order as follows:

Compliance Health-Check

The most important issue before going into dissolution is to make sure that the compliance under different regulators are up to date as otherwise the process of liquidation gets delayed significantly. We offer clients a comprehensive health- check before liquidation to point out all non-compliances.

Catch-up Compliance

Our expert compliance team can walk you through the requisite activities based on the result of compliance health-check and help you iron out all non-compliances

Pre-Liquidation Proceedings

Once compliance is brought up to date, the process of liquidation can officially begin. Our liquidation team can help you prepare and submit necessary documents to kick things off and enter liquidation.

Liquidator Appointment

The appointment of liquidator in a general meeting of the shareholders denote the official commencement of liquidation. In addition to the necessary paperwork, we can help you with the appointment of liquidator as well.

Liquidation Proceedings

The liquidator takes necessary actions to realize or sell the assets of the company and use the proceeds to settle all its debts

Cancellation of Registration(s), Closure of Bank Account(s) and Distribution/Repatriation of Funds

After the liquidation is over, we can help you cancel registration with all other regulators as well as close the local bank accounts of the company upon distributing / repatriating the residual funds.

Branch Office

The process of branch office closure is simpler in comparison to that of a limited liability company and it goes in the chronological order as follows:

Compliance Health-Check

Catch-up Compliance

Our expert compliance team can walk you through the requisite activities based on the result of compliance health-check and help you iron out all non-compliances accordingly.

Pre-Liquidation Proceedings

Liquidation

The board approval from the parent company for closure of branch office denotes the commencement of liquidation process. Our liquidation team can help you undertake all necessary compliance activities during this step.

BIDA Approval

After undertaking the liquidation activities, all necessary supporting documents need to be submitted to BIDA. Upon reviewing all documents, BIDA issues their approval on the closure of branch office.

Cancellation of Registration(s), Closure of Bank Account(s) and Distribution/Repatriation of Funds

After the liquidation is over, we can help you cancel registration with all other regulators as well as close the local bank account(s) of the Branch office upon distributing / repatriating the residual funds.