Looking to Close Your Inactive Company?
Get Your Company Legally Struck Off from ROC Records Avoid penalties and annual compliance burdens.
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Company Strike off
Reasons forCompany Strike Off
Company is Not Carrying On Any Business
If a company has not commenced operations or has become inactive for a period of two consecutive financial years and has not filed for “dormant status”, it may be eligible for strike off.
Voluntary Closure by Promoters
The directors or shareholders may decide to shut down the company voluntarily due to No future business plans, Financial unviability & Retirement of owners
Non-compliance and Default
Companies that fail to file their statutory returns (e.g., financial statements or annual returns) with the Registrar of Companies (ROC) for a continuous period may be struck off by the ROC suo motu.
Company Formed for a Specific Project or Purpose
If a company was incorporated for a one-time project or short-term purpose (e.g., a specific event or contract) and the project is completed, strike off may be initiated.
Merger or Acquisition
If a company has been merged or acquired by another entity and has no independent existence or operations left, it may be struck off post-integration.
Change in Business Structure
The company may be shut down to restructure operations under a different legal form, such as converting to an LLP or partnership.
When is Strike Off of aCompany Allowed?
- Voluntary Strike Off by the Company (Section 248(2))
A company can apply for strike off voluntarily if:
- It hasnot commenced business since incorporation, or
- It hasnot carried on any business or operation for the last two consecutive financial years, and
- It hasno pending liabilities and has filed all statutory returns.
In such cases, the company must file Form STK-2 along with required documents and obtain approval from the ROC.
- Strike Off by ROC (Suo Motu) – Section 248(1)
The ROC can initiate strike off proceedings if it has reasonable cause to believe that:
- The company has failed to commence business within one year of incorporation, or
- The company isnot carrying on any business or operation for the last two financial years and has not applied for dormant status under Section 455, or
- The company isnot filing annual returns or financial statements, indicating inactivity.
ROC will send a notice to the company and its directors before removing the name.
- Post-Completion of Business Objective
If a company was formed for a specific project or event, and the objective is now completed, it can apply for strike off.
- After Conversion or Merger
Companies that have undergone merger, amalgamation, or restructuring and no longer exist independently can be struck off after fulfilling necessary formalities.
DocumentRequired
Board Resolution
A certified true copy of the Board Resolution approving the strike off application.
Special Resolution / Consent of Shareholders
A certified true copy of the Special Resolution passed by shareholders (if applicable), or Consent of 75% of shareholders in terms of paid-up share capital (for private companies).
Indemnity Bond (Form STK-3)
Individually signed by every director. & Must be executed on a non-judicial stamp paper and notarized.
Affidavit (Form STK-4)
Individually signed and notarized by all directors, declaring that the company has no liabilities
Statement of Accounts
A statement of assets and liabilities of the company (not older than 30 days from the date of filing). & Must be certified by a Chartered Accountant
Copy of PAN and Aadhaar of Directors
For identity and verification purposes.
Process To Follow For Registration
Striking off your company is a simple and streamlined process. Just follow these four easy steps to close your business legally, settle compliance, and remove it from the official company register.
1. Start Application
Share basic info about your business.
2. Add Documents
Attach ID, address, and business proof.
3. Verify and Approve
We check everything before submission.
4. Launch with License
Get your certificate and start operations.
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What does “strike off” of a company mean?
Strike off refers to the removal of a company's name from the Register of Companies by the Registrar of Companies (ROC). Once struck off, the company ceases to exist legally and cannot conduct any business operations.
What are the types of strike off?
There are two types:
• Voluntary Strike Off under Section 248(2): Initiated by the company.
• Suo Moto Strike Off under Section 248(1): Initiated by the ROC for non-compliant or inactive companies.
Who is eligible to apply for strike off voluntarily?
A company can apply for strike off if:
• It has not commenced business since incorporation, or
• It has not carried on any business for the last two consecutive financial years, and
• It has no outstanding liabilities, and
• It has filed all statutory dues and returns.
Which companies are not eligible for strike off?
Strike off is not allowed if the company:
• Has ongoing legal proceedings
• Has pending dues or liabilities
• Has not filed all annual returns and financial statements
• Is registered under Section 8 (Non-profit company)
• Is listed or under investigation
What is the procedure to strike off a company voluntarily?
1. Conduct a Board Meeting
2. Pass a Special Resolution (or take shareholder consent)
3. Close bank accounts and settle liabilities
4. File Form STK-2 with required documents
5. ROC verification and publication of notice
6. Final strike off order if no objections are received
What is Form STK-2?
Form STK-2 is the official application form used to apply for voluntary strike off under Section 248(2) of the Companies Act, 2013.
What documents are needed for strike off?
Key documents include:
• Indemnity Bond (STK-3)
• Affidavit (STK-4)
• Statement of Accounts
• Board and Shareholder Resolutions
• PAN, Aadhaar, and address proofs of directors
• NOC from creditors, if applicable
How long does the strike off process take?
It typically takes 3 to 6 months, depending on the completeness of documents, regulatory approvals, and response to public notice.
Are there any government fees for filing STK-2?
Yes, the government filing fee for Form STK-2 is ₹10,000, excluding professional or consultancy charges
Can a struck off company be revived?
Yes, under Section 252 of the Companies Act, a company can be revived within 20 years by filing an appeal with the National Company Law Tribunal (NCLT), if justified.