Closing a public limited company
Last updated: 4 July 2023.
You report a closing of a public limited company in two steps.
In the first step you report the decision to dissolve the company. When the creditor deadline of six weeks has expired, you may send a notification of final closing.
As a rule the general meeting decides to dissolve the company.
There is no absolute time limit for when you need to report the dissolution to the Register of Business Enterprises. According to the Public Limited Liability Companies Act, it must be reported to us as soon as possible.
The board is responsible for the liquidation of the company and replaces the general manager when the dissolution has been decided.
You must attach
- minutes from the general meeting showing the decision of dissolution
The general meeting decides that the company should be closed. They can do this after the creditor deadline of six weeks has expired.
Upon the decision of closure, the general meeting has to approve the final audited liquidation accounts.
Please note that closing must be reported to the Register of Business Enterprises no later than one year after the registration of the dissolution decision. If it takes longer, the district court can take over the liquidation.
You must attach
- minutes from the general meeting showing that the audited liquidation accounts have been approved
The general meeting may revoke the decision to dissolve the company, if it has not made distributions or has insufficient equity.
You must report the revocation to the Register of Business Enterprises as soon as possible
Upon revoking, the general meeting must also elect a board, and/or auditor, if this does not already exist.
You must attach
- minutes from the general meeting showing the resolution of revoking the dissolution, election of the board and/or auditor