No business started since Incorporation? Close your Private Limited Company and stop complying with routine compliances. Prices start at INR 18999/- only.
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When the Company is incorporated, a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company. Once the name of the company is entered into the register it cannot be removed unless the company applies for it or is processed by law. When the company fails to commence its business or fails to submit yearly returns, the registrar may suo moto Strike Off the Company by sending a notice to the company at its registered office address.
If we go by the literal meaning of the strike-off then Strike Off means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies. It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
In case you want to Revive your struck-off company, you may get in touch with Ebizfiling.com.
It usually takes at least 3 months for a company to be officially dissolved, but the length of time can vary considerably if the process is complex. However, a company will cease to exist in not less than 3 months from the winding-up notice being advertised in the Gazette. However, some companies may apply under fast track exit mode for Striking Off its name.
As per the Companies Law, a company will not be eligible for strike off under the following circumstances:
The process of removing an incorporated or registered company from the list of companies maintained by the state registrar can be conducted smoothly with Ebizfiling team just by sharing your company name. Application for the strike-off can be made by the Company that is actively working and also by a dormant company.
Company Strike-off procedure is an online process. You can also check the Company strike-off list in India from MCA records. An application for removal of the name of the company / Strike Off Company shall be made in Form STK-2 along with the prescribed fees.
EbizFiling.com is an eminent business platform and a progressive concept. It helps in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. The process of Strike off a Private limited company is easy, cheap and quick at EbizFiling.com. EbizFiling.com also provides strike off LLP, Strike of OPC, Company annual filing services and Secretarial Compliance Services. You may get in touch with Ebizfiling compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
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A company can also be closed by filing an application with the MCA in about 3 to 6 months. There’s a fast track exit process. The entire process can be completed online. It makes it easy and quick for you to close a company.
Rather than complying with various norms such as filing, audit, returns etc, it is advisable to wind up a company that is dormant or non-active company. This saves compliance costs of a company that is not in action every year.
A company that doesn’t file its compliance on time incurs fines and penalty including debarment of the Directors from starting another Company. so it is advisable to legally wind up a dormant company and avoid fines in the future.
5 Easy Steps
Complete 1 simple form
Verification of documents by our experts
Application of Strike Off
Processing of Appliication
Your Company is under Strike Off Procedure
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.
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.
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.
Strike Off means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies.
It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
Shutting down a company is a long and complicated procedure. A Private Limited Company can be closed down in various manners depending on the requirements of the owner.
The owner can sell the company.
Can close down the company by declaring the company ‘Non -operational” (Striking of the company).
Winding up or dissolving the company.
Strike can be done only after 1 yr of incorporation even without an annual filing subject to active DIN and NO business since 1 yr.
Note: 20A filing compulsory if co. is incorporated after 2nd Nov 2018
For company having ongoing business there should be no business transactions since 2 F.Y. and nil filings should be done for those 2 yrs, even if Nil filing for past 2 f.y. is not done the company can strike off. Bank closure certificate must if having account in bank.
When a company is struck off, the name would be removed from the company register and it can not trade, sell its assets or make payments or even it can not get involved in any other business activities.
The company can be struck off under the following circumstances:
When a company has failed to commence its business within one year of its incorporation.
When a company is not actively carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such a period for obtaining the status of a dormant Company.
Ebizfiling.com provides company strike off services online across India. You can get your Private Limited Company registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.
No business started since Incorporation? Close your Private Limited Company and stop complying with routine compliances. Prices start at INR 18999/- only.
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