Wind Off
Your Company
No business started since Incorporation? Close your Private Limited Company and stop complying with routine compliances. Prices start at INR 17999/- only.
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Strike Off Company
All you need to know
When the Company is incorporated, a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company. Once the name of the company is entered into the register it cannot be removed unless the company applies for it or is processed by law. When the company fails to commence its business or fails to submit yearly returns, the registrar may suo moto Strike Off the Company by sending a notice to the company at its registered office address.
Strike of Company Meaning:
If we go by the literal meaning of the strike-off then Strike Off means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies. It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
In case you want to Revive your struck-off company, you may get in touch with ThinkBiz Filings.
It usually takes at least 3 months for a company to be officially dissolved, but the length of time can vary considerably if the process is complex. However, a company will cease to exist in not less than 3 months from the winding-up notice being advertised in the Gazette. However, some companies may apply under fast track exit mode 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 ThinkBiz Filings team just 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.
Why ThinkBiz Filings as your service provider for Private Limited Company strike off?
ThinkBiz Filings is an eminent business platform and a progressive concept. It helps in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. The process of Strike off a Private limited company is easy, cheap and quick at ThinkBiz Filings. ThinkBiz Filings also provides strike off LLP, Strike of OPC, Company annual filing services and Secretarial Compliance Services. You may get in touch with our compliance manager on 09704561215 or email info@Thinkbizfiling.com for for free consultation, and to know more about the services provided by us.
Cost of Winding up Company
Choose Your Package
ESSENTIAL
- Wind up a company with no transactions since incorporation
ENHANCED
- Wind up a company with no transactions since incorporation
- 2 Directors' DIR 3 KYC
- Form 20A Filing for capital upto INR 1 Lakh
ULTIMATE
- Wind up a company with no transactions since incorporation
- 2 Directors' DIR 3 KYC
- Form 20A Filing for capital upto INR 1 Lakh
- 2 DSC Application Class III Individual 2 Year Validity
- GST Cancellation
Compliance Requirements for a Partnership Firm
Documents Required for Partnership Firms
Key Benefits of a Partnership Firm
Points to make your decision easy
Our most honorable clients
- Strike Off means removing the company’s name from the MCA (Ministry of Corporate Affairs) records, making it legally non-existent.
- A company that: Has not commenced business since incorporation, or Has been inactive for the past two years and has no assets or liabilities.
- A company can be struck off in two ways: Voluntary Strike Off (by the company through Form STK-2) Compulsory Strike Off (by the ROC for non-compliance).
- The company must: Not be engaged in any business activity for at least two years. Have no outstanding liabilities or pending litigations. Obtain shareholders' approval (special resolution).
- Generally, it takes 3-6 months, depending on MCA processing and approvals.
- Form STK-2 (Strike Off Application) Affidavit & Indemnity Bond from all directors Board Resolution & Shareholders' Consent Statement of Accounts (certified by CA) Company’s PAN & Certificate of Incorporation
- Yes, a company can apply for revival through NCLT within 20 years of strike-off.
- The government fee for STK-2 filing is ₹10,000, excluding professional fees.
- Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
- Thinkbizfilings provides Proprietorship Registration all across India. You can obtain Proprietorship registration in Hyderabad, Vijayawada,Pune, Bangalore, Chennai, Delhi, Kolkata, or any other cities easily with us.
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
