Strike Off Company

Close your private limited or OPC legally — file STK‑2 under Section 248 and remove your company from the register

Strike Off Company

Close Your Company the Right Way

If a company is no longer carrying on any business or is not operative for two years or more, it can be removed from the Register of Companies by filing an application under Section 248(2) of the Companies Act, 2013 in Form STK‑2. This is commonly known as "strike off" or "fast track exit". Our experts handle the entire closure process — ensuring all statutory filings are up‑to‑date, board resolutions passed, and creditors' consent obtained — so that the company is dissolved without legal complications.

Eligibility Criteria for Strike Off

  • The company has not commenced business within one year of incorporation, or
  • It has not been carrying on any business or operation for a period of two immediately preceding financial years, or
  • The company has filed all its annual returns and financial statements up to the date of application.
  • There are no pending litigations, statutory dues, or outstanding liabilities to creditors.

Documents Required

  • Board resolution for strike‑off and indemnity bond.
  • Affidavit from all directors (in Form STK‑4).
  • Indemnity Bond (duly notarized) from directors.
  • Statement of accounts (not older than 30 days) showing nil assets and liabilities.
  • No‑objection certificates from creditors, lenders, and shareholders (if any).
  • Latest ITR acknowledgment (if filed).
  • Digital Signature Certificate (DSC) of an authorized director.

Consequences of Improper Strike Off

If the company is struck off with pending liabilities or without proper legal procedure, directors can be held personally liable. The company can also be restored by the NCLT, causing further costs and legal hassles. Professional assistance ensures a clean, one‑time closure.

Apply for Strike Off

Our experts will manage the entire STK‑2 filing and ensure a smooth closure.

Our Strike Off Process

A systematic approach to legally close your company with minimal hassle.

1. Eligibility Check

We verify if your company meets the strike‑off conditions: no business for 2 years, all returns filed, no liabilities.

2. Pending Compliance Clearance

We file any overdue annual returns, financial statements, and income tax returns to bring the company up to date.

3. Documentation

We prepare the board resolution, affidavit (STK‑4), indemnity bond, and NOCs from creditors and shareholders.

4. Filing STK‑2

We file the application electronically with the ROC, attaching all required documents and paying the prescribed fee.

5. ROC Verification & Gazette Notification

The ROC verifies the application and publishes a notice in the Official Gazette. After 30 days, the company is struck off and dissolved.

6. Post‑Closure Formalities

We assist with cancellation of GST registration, closure of bank accounts, and intimation to tax authorities.

Frequently Asked Questions — Strike Off Company

Common queries about company strike off and dissolution

Strike off means removing the name of a company from the Register of Companies, effectively dissolving it. This can be done voluntarily by the company (under Section 248(2)) or by the ROC if the company is inactive. Once struck off, the company ceases to exist.
Any company that has not commenced business within one year of incorporation, or has not carried on any business for the last two financial years, and has no assets or liabilities, can apply. Private limited, OPC, and limited companies are eligible if they meet the conditions.
Strike off is a simpler, faster process for companies with no assets or liabilities. Liquidation (winding up) is more complex and used when the company has assets to distribute or creditors to pay. Strike off is ideal for dormant or zero‑liability companies.
The entire process typically takes 3‑6 months, depending on the ROC processing time and whether all documents are in order. After filing STK‑2, the ROC publishes a notice; the company is struck off after 30 days if no objections are received.
Key documents include board resolution, affidavit (STK‑4) from all directors, indemnity bond, statement of accounts (nil assets/liabilities), NOCs from creditors and shareholders, and latest ITR acknowledgment. We handle all document preparation.
Yes, a company can be restored by filing an appeal with the National Company Law Tribunal (NCLT) within a prescribed period. However, restoration is possible only if it is just and equitable. It involves legal costs and time.
Yes, the company must have no assets, and the bank account should ideally be closed and a closure certificate obtained before filing STK‑2. We guide you through this step.
Abandoning the company without proper closure leads to continuous non‑compliance, penalties for non‑filing of annual returns, and possible disqualification of directors. Eventually, the ROC may suo moto strike off the company, but directors still face legal liabilities. Proper closure is essential.