Winding up of a Company

A company can be closed by a fast-track strike-off under Section 248 using Form STK-2 — suitable for defunct companies — or by a voluntary liquidation through an insolvency professional where assets and liabilities must be settled. We advise which route fits your company's situation.

Strike-off is the removal of a defunct company's name from the register of companies, applied for in Form STK-2 after clearing liabilities and obtaining shareholder approval. It is the simplest closure route for a company that has ceased operations and has no significant assets or liabilities.

Abandoning a company is risky — compliance defaults and penalties keep accruing, directors can be disqualified, and the company may be struck off involuntarily with adverse consequences. A formal, voluntary closure releases the directors cleanly, which is why it is worth doing properly.

Voluntary liquidation is appropriate when the company has assets to distribute or liabilities to settle, requiring a formal process under an insolvency professional. Strike-off suits a company that is genuinely defunct with a clean slate. We assess and recommend the correct route.

Before closure, pending ROC filings should be brought up to date, outstanding dues and liabilities cleared, bank accounts closed, and the necessary approvals and indemnities obtained. We handle this cleanup so the strike-off or liquidation goes through smoothly.

Yes, in certain circumstances a struck-off company can be restored by application to the Tribunal within a prescribed period, but it is a separate, more involved process. If you may want to revive the company later, a dormant status filing can be a better option, and we can advise on that.

Book a free consultation and share your company's status. We assess the route, clear the compliances and execute the closure, on a transparent fee.