Key Differences between Voluntary and Involuntary Strike-Off
Feature | Voluntary Strike-Off | Involuntary Strike-Off |
Who Starts It? | Company directors | Registrar of Companies (ROC) |
Why? | Business closure, inactivity | Non-compliance with regulations |
Process | Board resolution, Form STK-2, public notice | Non-filing of documents, failure to respond to notices |
Objections | Creditors or other stakeholders can object | Directors can appeal to the National Company Law Tribunal (NCLT) |
Effects | Orderly closure, no penalties | Assets taken over by government, legal consequences for directors |
Feature | Simple and penalty-free exit | Enforced removal due to non-compliance |
Conclusion
If a company wants to close, voluntary strike-off is the best option to avoid complications. If facing involuntary strike-off, taking timely action can prevent serious consequences. Business owners should ensure compliance with the Companies Act, 2013, to avoid legal and financial risks.
September 30, 2025 By Dhruvi
CA vs CS Certificates in India – Types, Fees, and Compliance Explained Introduction Certificates issued by Chartered Accountants (CAs) and Company Secretaries (CSs) play a pivotal role in India’s compliance ecosystem. Whether you’re a startup raising funds, a listed company, […]
September 30, 2025 By Dhruvi
CS Certificates in India – Types, Information Required, Fees & UDIN Norms Introduction In India, Company Secretary (CS) certificates are critical for compliance with the Companies Act, SEBI Regulations, and FEMA requirements. Banks, regulators, and investors often require certified confirmations […]
September 30, 2025 By Dhruvi
Certificates in India – Types, Information Required, Charges & UDIN Norms Introduction For many financial and compliance matters in India, a Chartered Accountant (CA) certificate is not just a formality but a mandatory requirement. Whether you are a startup applying […]