Strike off Pvt Ltd Company Archives

Closing a Company in 2025? File Form STK-2 Before It’s Too Late Introduction Looking to close your company in 2025? Filing Form STK-2 with the Ministry of Corporate Affairs (MCA) is the official process to strike off a company. If not done in time, it may lead to penalties and disqualification for directors. Summary STK-2 is the MCA-prescribed form for closing inactive or non-operational companies. Applies to private limited companies, OPCs, and certain public companies. Clearance of all statutory dues and filings is mandatory before applying. The process includes fees, documents, and board/shareholder approvals. Filing online via the MCA portal is mandatory. What is Form STK-2 and When is it Used? Form STK-2 is filed under Section 248(2) of the Companies Act, 2013, to legally remove a company from the ROC register when it is no longer in operation. It provides a voluntary exit route for defunct companies. When Can You Use STK-2? You can apply for a strike-off if: The company has no outstanding liabilities. It has not carried out business for two or more financial years, or Voluntary closure is approved by shareholders. Real-life example: A tech startup that incorporated in 2021 but never raised capital or started operations can file STK-2 in 2025 to avoid compliance burdens. Why Should You Close a Non-Active Company in 2025? Inactive companies still face annual compliance requirements. Keeping them open without business can result in: Unnecessary audit and filing costs. MCA notices and legal scrutiny. Director disqualification under Section 164. Reputational damage. What are the Eligibility Criteria to File STK-2? Eligibility Condition Requirement Type of Company Private, OPC, or unlisted Public Company No Pending Liabilities Dues must be cleared with ROC, ITD, GST No Business Activity Dormant for at least two consecutive years Resolutions Required Board and Shareholder approval (special resolution) MCA Official Page on Strike Off How to File STK-2 Form? Step-by-Step Guide Board Resolution: Pass a resolution approving voluntary closure. Clear All Filings & Liabilities: File all pending returns (MCA, Income Tax, GST, etc.). Special Resolution: Obtain shareholder approval in a general meeting. Prepare Documentation: STK-2 Form Indemnity Bond (Form STK-3) Affidavit (Form STK-4) Audited statement of accounts MOA/AOA PAN Online Filing on MCA Portal: Submit with DSC on MCA V3 Portal Pay Government Fees: ₹10,000 as per Companies (Removal of Names) Rules. ROC Review: ROC may seek clarification or additional documentation. Publication & Approval: Public notice is published. If no objection arises, the company is struck off. We offer Strike Off OPC and Strike Off Pvt Ltd Company services, ensuring smooth legal procedures and stress free business closure. What Documents Are Required? Certified copy of Board and Special Resolution Directors’ affidavits in Form STK-4 Indemnity bond in Form STK-3 Audited financials (not older than 30 days before filing) PAN and Aadhaar of directors Company incorporation documents What are the Benefits of Filing STK-2? Legally exits business without court proceedings. Saves money on annual audits, MCA filings, and taxes. Directors and shareholders are protected from future liabilities. Closure is faster than liquidation or NCLT-based processes. What are the Consequences of Not Filing STK-2? Disqualification of directors under Section 164. Penalty up to ₹1 lakh for company and officers (as per Rule 9). Government strike-off (suo-moto) without consent. Ineligible to start or direct other companies. Tax and ROC compliance continues despite no business. What Challenges Can You Face While Filing STK-2? Clearance Delays from tax or GST departments. Incorrect Affidavit/Bond Formats can lead to rejection. Expired DSC tokens or e-form technical errors. Non-cooperation by directors/shareholders. ROC may raise objections for mismatch or omissions. What is the Cost Involved? Particulars Estimated Cost (INR) Government Filing Fees (STK-2) ₹10,000 Professional Assistance (Optional) ₹5,000–₹15,000 Notary and Affidavit Charges ₹500–₹2,000 DSC Renewal (if required) ₹1,000–₹2,000 Rates vary by service provider and company complexity. Which Companies Can File STK-2? Eligible: Private Limited Companies One Person Companies (OPCs) Unlisted Public Companies (if not under investigation) Not Eligible: Listed Companies Companies under inspection, inquiry, or legal proceedings Section 8 Companies (NGOs) Companies with pending prosecutions or liabilities Check the criteria on; MCA Circular on Eligibility Criteria How Long Does It Take? 90–180 days after form submission, depending on: ROC workload Completeness of documentation Public objections or clarifications Once approved, the ROC issues a strike-off confirmation. Conclusion If your business is inactive in 2025, Form STK-2 is the most efficient and legal way to exit. It avoids long-term compliance, penalties, and loss of DIN. Ensure eligibility, prepare accurate documents, and submit through the MCA portal for smooth closure. Suggested Read : How to Strike off an OPC? What is winding up? Legal Consequences of Strike Off OPC How to Close Pvt Ltd company in India? Differences between Dormant & Strike off Companies FAQs No, all statutory dues must be cleared before applying.Yes, unless exempt, financials must be audited and not older than 30 days.No, consent of all directors and shareholders is required.Only through Tribunal (NCLT) within 20 years of strike-off.No, companies facing inspection or prosecution cannot use STK-2.No, LLPs must file Form 24 under the LLP Act, 2008.Non-filing attracts penalties, and your DIN may get deactivated.Yes, statutory registrations (like GST, PF, ESI) must be surrendered before closure.No, government fees are non-refundable.It's advisable but not mandatory. A professional can ensure error-free filing.

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