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Compliant Company Closure

Dissolve Your Company Formally,
Secure Your Peace of Mind.

Closing a company is a critical legal procedure to formally end its existence and protect directors from future liabilities. Our expert service ensures a smooth, compliant winding-up process, saving you from future penalties and legal troubles.

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Our Closure Roadmap

Our 6-Step Company Strike-Off Process (STK-2)

A systematic and compliant approach for closing a defunct private limited company.

1

Board Meeting

Convene a Board Meeting to pass a resolution approving the strike-off and authorizing the calling of a General Meeting.

2

Settle All Liabilities

Ensure all company debts are settled, accounts are closed, and NOCs are obtained from any creditors.

3

Shareholders' Approval

Hold an Extraordinary General Meeting (EGM) to pass a Special Resolution with 75% majority for the strike-off.

4

Prepare Documents

Draft Board & Special Resolutions, Director's Affidavits, an Indemnity Bond, and a statement of accounts.

5

File Form STK-2

File the main strike-off application, Form STK-2, with the ROC, attaching all necessary resolutions and documents.

6

ROC Approval

The ROC reviews the application, issues public notice, and, if no objections are received, strikes the company's name off the register.

The Reality

Strategic Edge vs. Operational Realities

Understanding why abandoning a company is a costly mistake.

Strategic Edge

A formal closure provides crucial legal and financial protection to the directors.

  • Protects Directors from Liability: Formally ends the directors' legal responsibility for compliance, protecting them from future disqualification.
  • Eliminates Future Costs: Stops the legal requirement to pay for annual filings (AOC-4, MGT-7) and audits for a company that isn't operating.
  • Prevents Legal Complications: Avoids the risk of the company being declared 'inactive' or 'struck off' by the ROC, which can have serious repercussions for directors.

Operational Realities

The winding-up process has strict, non-negotiable prerequisites.

  • 100% Compliance is Mandatory: All overdue ROC filings (AOC-4, MGT-7) and Income Tax Returns must be completed before you can apply for closure.
  • Must Have Nil Assets & Liabilities: Directors must legally declare in an affidavit that all debts have been settled. Any false statement is a serious offense.
  • It's a Public Process: The ROC publishes the company's name to invite objections from the public. Any valid objection from a creditor or authority can stop the process.
Ensure a Clean Exit

Ensure a Clean and Final Exit for Your Company

Don't leave loose ends. Our experts manage the complex company closure process from start to finish, ensuring a complete and final dissolution that protects you from future liabilities.

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Closure

Get the peace of mind of a legally compliant closure.

Fill the form for a free consultation on the company winding-up process!

Questions Answered

Frequently Asked Questions

Key information about closing a Private Limited Company

Striking Off (via Form STK-2) is a simplified exit route for companies that are defunct and have no significant assets or liabilities. Winding Up (or Liquidation) is a more formal, lengthy, and expensive process for closing a company, often overseen by a tribunal, and is used when the company has assets to distribute and liabilities to settle.

No. A critical prerequisite for strike-off is that all statutory filings with the ROC (like AOC-4 and MGT-7) and all Income Tax Returns must be up to date. You must clear all pending compliance before initiating the closure process.

Form STK-2 is the official e-form application filed with the Registrar of Companies (ROC) to voluntarily apply for the removal (striking off) of the company's name from the Register of Companies. It is the central document in the closure process.

The timeline is generally longer than for a LLP due to public notice requirements. After filing Form STK-2, it can take anywhere from 6 to 9 months for the ROC to complete its process and officially dissolve the company.

The consequences are severe. The company and its directors remain liable for all compliance. Penalties for not filing AOC-4 and MGT-7 (₹100 per day, per form) accrue indefinitely. Directors can be disqualified, their DINs deactivated, and they can be barred from starting new companies.

Yes, it is mandatory. The company must pass a Special Resolution, which requires approval from at least 75% of the shareholders (in value) who are entitled to vote. This resolution must be filed with the ROC in Form MGT-14 before filing Form STK-2.