Strategic Company Closure (Strike Off)
Don’t leave a dormant company open to future liabilities. We provide a structured legal exit strategy, managing the voluntary strike-off process (Form STK-2) to ensure a clean, compliant closure.
Our End-to-End Exit Process
Compliance Audit
We review your existing filings and tax records to ensure there are no pending dues or statutory non-compliances before initiating closure.
Resolution & Consent
We assist in obtaining the necessary Board Resolutions and shareholder consent, which are mandatory for a voluntary strike-off.
Final ROC Filing
We prepare and file Form STK-2 and coordinate with the Registrar of Companies until the final order of dissolution is issued.
Why Voluntary Strike Off?
If your business is inactive, the MCA will continue to expect annual filings. Ignoring these leads to daily penalties, director disqualification, and legal notices. Voluntary Strike Off allows you to:
- Stop Compliance Costs: End the recurring burden and expense of annual audit and MCA filings.
- Protect Directors: Prevent the disqualification of directors, which could impact their involvement in other active companies.
- Clean Exit: Obtain a legal dissolution order, ensuring that you are no longer responsible for an entity that is no longer operational.
Frequently Asked Questions
What is the eligibility for Strike Off?
A company must be inactive for at least one year and have no pending liabilities or ongoing legal proceedings to be eligible for voluntary strike-off.
How long does the closure process take?
The process typically involves a public notice period and internal ROC reviews, generally taking 3 to 6 months depending on the jurisdiction.
What happens if I don’t close the company?
The company remains active in the eyes of the law. You will continue to face penalties for missing annual filings and face potential legal action from the Ministry of Corporate Affairs.
Ready to Close Your Business?
Provide your company details. Our legal experts will perform a preliminary check and advise you on the closure timeline and requirements.