Wind Off
Your Company
No business since incorporation; easily close your Private Limited Company and avoid yearly compliance hassles. Starting at just INR 19999/- only.
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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.
- 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 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 Bhavitra?
Bhavitra.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Nidhi Company in India is easy, seamless, cheapest and quickest with Bhavitra.com! Apart from a Nidhi Company, Bhavitra.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 09643203209 or email info@bhavitra.com for free consultation.
Cost of Winding up Company
Choose Your Package
ESSENTIAL
₹ 7399/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- E-PAN
- E-TAN
- 2 e-copies of Share Certificates
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
ESSENTIAL
₹ 7399/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- E-PAN
- E-TAN
- 2 e-copies of Share Certificates
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
ESSENTIAL
₹ 7399/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- E-PAN
- E-TAN
- 2 e-copies of Share Certificates
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
Important Forms for Striking Off a Company
- 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.
Step-by-Step Process to Strike Off a Company
5 Easy Steps
1
Pass Board Resolution2
Settle Dues & Close Bank A/c3
Prepare Documents4
File Form STK-25
ROC Processes Strike OffFill 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 Private Limited Company
Get answers to all your queries
A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.
A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.
A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.