Doc Summary
Overview
A Strike Off or Company Closure is a formal process of removing a Company’s name from the register of the Registrar of Companies (ROC) under Section 248 of the Companies Act, 2013. It is applicable to companies that are no longer active, have ceased operations, or wish to close voluntarily.
This process helps businesses avoid recurring compliance costs and legal obligations while ensuring a legally valid closure.
Eligibility / Who Can Apply
- Companies that have not carried out any business activities for the last two financial years
- Entities that have no outstanding liabilities or pending litigation
- Companies that have not made any significant accounting transactions since incorporation
- LLPs or inactive companies seeking voluntary closure
Step-by-Step Process
- Board Resolution: Conduct a board meeting to approve the proposal for strike off.
- Consent from Shareholders: Pass a special resolution in the general meeting for Company closure.
- Settle Liabilities: Clear all pending debts, taxes, and employee dues before filing.
- Prepare Closure Documents: Prepare an affidavit and indemnity bond confirming no liabilities remain.
- Filing with ROC: Submit Form STK-2 along with prescribed fees and supporting documents.
- Publication of Notice: ROC issues a public notice inviting objections, if any, within 30 days.
- Approval and Strike Off: Once approved, the ROC removes the Company’s name from its register and issues a dissolution certificate.
Documents Required
- Board and shareholders’ resolutions for closure
- Affidavit and indemnity bond from directors
- Statement of accounts certified by management (not older than 30 days)
- Proof of filing of all pending ROC forms and tax returns
- Copy of PAN, Certificate of Incorporation, and MOA & AOA
Timeline
The entire process usually takes 60–90 days, depending on document readiness, approval, and the ROC’s verification process.
Post-Closure Requirements
- Maintain records of closure and final balance sheet for at least 8 years
- Update PAN, GST, and other statutory departments regarding dissolution
- Inform banks and close business accounts
- Ensure no legal or financial obligations remain before final strike off
Penalties for Non-Compliance
- Companies that remain inactive without closure continue to incur late filing penalties
- Directors of defaulting companies may face disqualification for up to 5 years
- ROC may strike off a Company suo motu for non-filing of annual returns
Kanoons Service
Kanoons Law & Tax Consultants Pvt. Ltd. provides complete assistance for Company strike off and closure, ensuring all statutory steps are followed accurately.
Our services include:
- Drafting board and shareholder resolutions for closure
- Preparation and submission of Form STK-2 with supporting documents
- Assistance in preparing affidavits, indemnity bonds, and final statements
- Coordination with the Registrar of Companies for verification and approval
- Post-closure guidance for compliance record maintenance and confirmation
Kanoons ensures a smooth and compliant Company closure process, relieving businesses from unnecessary compliance and financial burden.
Why Choose Kanoons
- Comprehensive closure service covering all statutory filings
- Fast, transparent, and compliant process through the MCA portal
- Accurate documentation and government coordination
- Affordable pricing with full procedural clarity
- Trusted by inactive companies and startups for voluntary closure assistance
