Strike Off – Company

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Strike Off Company  

Our Price start from Rs.18,999/- all inclusive:

All you need to know

When the Company is incorporated, the Registrar of Companies issues a Certificate of Incorporation, which recognises the Company’s existence. Once a company’s name has been added into the register, it cannot be withdrawn unless the firm applies for it or is required by law. When a company fails to begin operations or fails to file annual returns, the registrar may suo moto strike it off by mailing a notice to the firm’s registered office address.

Strike of Company Meaning:

If we interpret the term “strike-off” literally, this means deleting the company’s name from the Register of Companies kept by the Registrar of Companies. It is more like to the company being closed down, and after being struck off, it will cease to exist and be unable to carry out any further operations.

A company’s official dissolution normally takes at least three months, however the time can vary greatly if the process is complicated. However, a corporation will cease to exist three months after the winding-up notice is published in the Gazette. Some companies, however, may apply under the fast track exit option for Striking Off its name.

The Companies can apply under fast track exit mode for striking off its name:  

  • Companies that are not operating or not carrying on any business for the last two years from the date of application or,
  • Companies which are not operating or not carrying on any business within one year of incorporation and,
  • A company having Nil assets & liability.

Companies that are not eligible for Strike off:

As per the Companies Law, a company will not be eligible for strike off under the following circumstances:

  • The company is incorporated after 2nd November 2018, but it has not filed 20A.
  • One year is not completed since incorporation.
  • For ongoing company i.e having business transactions in last 1-2 years.
  • DIN is deactivated.
  • Any director is disqualified.
  • The company has already received notice from ROC of strike off.
  • Any ongoing litigation are pending.

The process of removing an incorporated or registered company from the list of companies maintained by the state registrar can be conducted smoothly with 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.

Documents required for Strike off Company

Quick Checklist

  • Consent of the Creditors of the company
  • Indemnity Bond duly notarized by all directors (in Form STK 3)
  • A certified statement of liabilities by a Chartered Accountant comprising of all assets and liabilities of the companies
  • An affidavit by all directors of the company in Form STK 4
  • CTC of Special Resolution duly signed by every director of the company
  • Digital Signature of the Directors
  • PAN and Aadhaar card of directors
  • Consent Letter and Affidavit of its Director
  • A statement concerning any pending litigation with respect to the company