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Striking off the company

Closing / Winding up, of a Private Limited Company

Get smooth, hassle-free closure of your Private Limited Company with end-to-end support from expert CAs. We assist with documentation, filings, compliance and the complete winding-up process.

How it works

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    Overview

    Who is required to Close a Company

    • Who does not want to carry on business.
    • When an organization is inactive for about 2 years or within a year of its incorporation.
    • When a company is running into heavy loss.

    Advantages of Striking off the company

    Close Efficiently, Avoid Penalties & Reduce Liabilities

    Conditional Eligibility

    Striking off a company is subject to specific legal conditions and eligibility requirements. Not every company may qualify for closure through this process.

    Potential Advantages

    Eligible companies may reduce ongoing compliance costs, annual filing obligations, and administrative responsibilities. The benefits depend on the company’s current status and liabilities.

    Case-by-Case Assessment

    Every company’s financial, legal, and compliance position is different. A professional assessment is recommended before proceeding with the striking-off application.

    However in case there is a company which is not operational and there is no plan in near future of business, it is better to close the company. It will give the advantages in terms of saving the cost of compliance and getting rid of responsibilities that are attached with Statute.

    Method of striking off

    Ways to Close a Company

    By ROC U/S 248(1)

    ROC will send notice for striking off the name of the company and all the directors send their representations within the period of 30 days.

    By company- making an application in form STK-2 U/S 248(2)

    Hold Board Resolution to decide on strike off the company and obtain consent at least 75% shareholders. Company should close the bank account. Make an application of strike off in form STK-2 to ROC.

    Our Step-by-Step Process

    Simple, Transparent & Efficient

    1

    Board Meeting Approval

    Company hold a board meeting to decide of strike off.

    2

    Pass Special Resolution

    Company Hold EGM to pass a special resolution.

    3

    Close Company Bank Account

    Close bank account of the company

    4

    Settle All Liabilities

    Pay all the liabilities of the company(Liabilities and assets must be zero at the time of striking off)

    8

    Obtain Regulatory Approval

    In case the company is regulated under the special Act, approval of the concerned regulatory body.

    7

    Upload Form on MCA Portal

    Upload the form on www.mca.gov.in.

    6

    Attach Digital Signatures

    Attach the dsc of one of the director and Practicing Professional.

    5

    Filing the form STK-2

    Go to the mca portal and download the form as mentioned:- • www.mca.gov.in> mca services> download the form stk-2 • Fill the required fields

    Documents Required

    Keep Your Documents Ready for Faster Filing

    The right documentation helps reduce delays and ensures smooth application processing.

    Aadhaar Card

    PAN Card

    Affidavit

    Board Resolution

    Indemnity Bond

    Statement of Accounts

    Bank Closure Proof

    Digital Signature Certificate

    Shareholders’ Consent

    Regulatory Approval

    Frequently Asked Questions

    Your Closing / Winding upQuestions Answered

    No it can not trade, or even it can not get involved in any other business activities. The name of the company would be made available for new companies to use.