“It is a nightmare closing an Indian company”: 24 files later, the UK CEO is still stuck

The founder of the startup in the United Kingdom sparked a new debate on the business environment in India after it was revealed by more than two years-a promise-to close an Indian asleep, although there are no revenues, operations or employees.

In the LinkedIn post, the UK -based CEO of Zoko, described the experiment as a “nightmare”, and compared it to the “Battle of Divorce” and even the ninth Hell Circle in Dante.

Paul explained a long list of bureaucratic obstacles: providing commodity and services tax revenues despite zero revenues, holding the Board of Directors of a sleeping company, repeated KYC updates, and bombing more than $ 2 to legal and metal fees – all to end a company that has not operated years ago.

“Like Judah, it has been chewed forever in the jaws of Lucifer – an Indian businessman in the liquidation that chews him forever from models, certificates, reviews, and listening sessions.”

One of the most absurd moments came 18 months after the closure, when officials requested a picture of the company’s financial office-full with the name of the name-despite the lack of operation. “They expected to pay the rent and keep banners for a vague company,” Paul pointed out.

He rejected the government’s repeated allegations of “ease of doing business” as “absolute nonsense”, saying that closing the company is still unnecessarily complicated and costly.

To date, Paul says he has made more than 24 documents, spent more than two years, and pushed a cheeks in the fees – however his company is still legally active.

His message to the ambitious founders: “Before you feel the excitement of the” friend “policies, ask one question-how easy the company is voluntarily stopping?”