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Strike Off Company
All you need to know
What Does “Striking Off a Company” Mean?
Striking off a company means officially closing it by removing its name from the government’s records maintained by the Ministry of Corporate Affairs (MCA). After strike off, the company no longer exists as a legal entity and is free from future compliance or tax filings.
This process is governed under Section 248 of the Companies Act, 2013, and is a quicker and simpler way to close an inactive company compared to full winding-up.
It can be:
Voluntary – applied by the company
Compulsory – initiated by the Registrar of Companies (ROC)
Ways a Company Can Be Struck Off
There are two modes to strike off a company:
1 .Voluntary Strike Off
If a company has stopped doing business and wants to shut down formally, it can apply for strike off by filing Form STK-2 with the ROC. This is the most common method used by startups and private limited companies that are no longer operating.
Conditions to apply:
No business activity in the last two financial years
No active legal cases or liabilities
All filings up to date
Consent from all directors/shareholders
2. Suo Motu (Compulsory) Strike Off by ROC
The Registrar of Companies may strike off a company on its own if:
The company has not started business within 1 year of incorporation
It hasn’t done any business for the last 2 financial years and hasn’t applied for dormant status
It fails to file annual returns or other statutory filings
It doesn’t respond to ROC notices
It has no valid registered office
Once struck off, the company is no longer allowed to operate, hold assets, or enter into contracts.
Why Ebizfiling?
EbizFiling.com is a leading business platform providing comprehensive corporate legal services, including company incorporation, compliance, advisory, and management consultancy, both in India and internationally. The platform offers fast, easy, and affordable Strike Off Pvt Ltd Company, Closure of LLP, Removal of Company Name from MCA Records, Company Annual Compliance. You can contact with compliance manager at 09643203209 or email info@ebizfiling.com.
Cost of Winding up Company
Choose Your Package
ESSENTIAL - Strike Off Company
ESSENTIAL
₹ 19999/-
(All Inclusive)
Wind up a company with no transactions since incorporation
Form STK-2: Application for the removal of the name of the company.
Form STK-3: Indemnity bond to be given by every director.
Form STK-4: Affidavit by every director.
Form STK-8: Statement of accounts certified by a Chartered Accountant.
Form MGT-14: Filing of resolutions with the ROC.
Common Challenges in Strike Off
Unpaid Liabilities: All dues must be cleared before applying.
Incomplete Documentation: Missing or incorrect documents can lead to rejection.
Pending Litigation: Ongoing legal cases can delay or prevent strike off.
Lack of Shareholder Approval: Failure to obtain necessary approvals can halt the process.
ROC Processing Delays: Delays may occur due to administrative processing times.
Benefits of Striking Off a Company
No Annual Filings
Once struck off, the company is not required to file annual returns.
Quick Procedure
The entire process typically completes within 90 days, subject to ROC processing
Releases Directors
Directors are relieved from their responsibilities associated with the company
Avoid Future Penalties
Eliminates the risk of incurring penalties for non-filing of returns
Cost-Effective Closure
The process is economical, with a government fee of ₹10,000
Frees Up Business Resources
Allows promoters to redirect capital and effort toward new or active ventures without compliance burdens.
Documents Required for Striking Off a Company
Board resolution authorizing the strike off.
Special resolution passed by shareholders (if applicable) and filed using Form MGT-14.
Duly filled and signed Form STK-2.
Indemnity bond in Form STK-3.
Affidavit in Form STK-4.
Statement of accounts certified by a Chartered Accountant in Form STK-8, not older than 30 days from the date of application.
No Objection Certificate (NOC) from relevant regulatory authorities (e.g., RBI, SEBI, IRDA) if applicable.
Statement regarding pending litigation, if any.
Proof of closure of bank accounts and surrender of GST registration.
Consequences of Company Strike Off
Name Restriction
The company’s name becomes unavailable for use by others
Company Ceases to Exist
The company is legally dissolved and ceases to exist
Reactivation Complicated
Restoring a struck-off company requires an appeal to the National Company Law Tribunal (NCLT)
Impact on Creditworthiness
A strike off may negatively affect the credit history of directors, especially if liabilities were unresolved
Directors Still Liable for Past Acts
Directors remain liable for any fraudulent activities conducted during the company’s existence
Unclaimed Assets Vest with the Government
Any remaining assets become government property
Step-by-Step Process to Strike Off a Company
1
Pass Board Resolution
2
Settle Dues & Close Bank A/c
3
Prepare Documents
4
File Form STK-2
5
ROC Processes Strike Off
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Striking of a Company throughout the process.
Strike off Application
Once all the documents and details provided by you are verified we will proceed with the filing of all the pending forms and documents such as form AOC 4 and MGT 7 I.e. for Annual returns and FInancial statements. We will also prepare documents from our side like indemnity bond in SKT 3 and affidavit in form SKT 4 and after that we will file an application for strike off company in form SKT 2 along with all the necessary documents.
ROC procedure
Once we have filed the application for strike off, the ROC will issue a public notice shall be issued by ROC inviting objections to the proposed Strike off, if any. Once the ROC is satisfied with all the provisions for realization of all the amounts due to the company and for the payment or discharging of its liabilities, the Registrar shall strike off the name and dissolve the Company. Notice of striking off and its dissolution will be published in the Official Gazette.
FAQs on Strike off Company
Get answers to all your queries
What does it mean to strike off a company?
It means legally removing the company’s name from the MCA register, effectively dissolving it.
Who can apply for the strike off of a company?
Companies that are inactive or not carrying on any business for the last two financial years and have no liabilities can apply.
What is the difference between strike off and winding up?
Strike off is a simpler process for inactive companies, while winding up involves a formal liquidation process.
Which form is used to apply for a voluntary strike off?
Form STK-2 is used for applying for voluntary strike off.
How long does the strike off process take?
Typically, it takes around 90 days, subject to ROC processing and any objections received.
Are there any fees to apply for strike off?
Yes, the government fee for filing Form STK-2 is ₹10,000.
Can a company with pending liabilities apply for strike off?
No, all liabilities must be settled before applying.
Is it mandatory to file pending annual returns before strike off?
Yes, all pending statutory filings must be completed.
What happens to company assets after strike off?
Any remaining assets become the property of the government.
Can the company name be reused after strike off?
The name becomes unavailable for others to use.
Can a struck off company be restored?
Yes, by filing an appeal with the NCLT within 20 years of strike off.
Is GST cancellation required before applying for strike off?
Yes, GST registration must be surrendered prior to application.
What if the ROC rejects the strike off application?
The company must address the reasons for rejection and may reapply.
Do directors lose their DIN after strike off?
No, the Directors Identification Number (DIN) remains active unless disqualified.
Can pending legal cases prevent strike off?
Yes, ongoing legal proceedings can delay or prevent the process.
Strike Off Company
No business since incorporation; easily close your Private Limited Company and avoid yearly compliance hassles. Starting at just INR 19999/- only.
Trusted by thousands of organizations, powered by professional CA/CS advice.
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VibeDATA Technologies
23 Apr 2022
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