Company Closure

When the Company is incorporated, a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company.

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What is Company Closure ?

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.

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.

Company Closure

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15,000GST will be charged at 18%

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Conditons When Company Can’t Go for Striking off

1.) The company is incorporated after 2nd November 2018, but it has not filed 20A.

2.) One year is not completed since incorporation.

3.) For ongoing company i.e having business transactions in last 1-2 years.

4.) DIN is deactivated.

5.) Any director is disqualified.

5.) The company has already received notice from ROC of strike off.

6.) Any ongoing litigation are pending.

STEP – 1

Strike off Companies

STEP – 2

Verification of documents by our experts

STEP – 3

Application of Strike Off

STEP – 4

Processing of Appliication

STEP – 5

Your Company is under Strike Off Procedure

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FAQs

What does the strike off of a company mean?

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.

What is the procedure for Closing a Private Limited Company?

Shutting down a company is a long and complicated procedure. A Private Limited Company can be closed down in various manners depending on the requirements of the owner.

The owner can sell the company.

Can close down the company by declaring the company ‘Non -operational” (Striking of the company).

Winding up or dissolving the company.

If compliance are never done during incorporation can strike off be done? If yes, then how?

Yes Strike can be done even without an annual filing subject to active DIN and NO business since Incorporation.

Note: 20A filing compulsory if co. is incorporated after 2nd Nov 2018

If compliance are done only for one year or 2 and not up-to date, what to be done?

For company having ongoing business there should be no business transactions since 2 F.Y. and nil filings should be done for those 2 yrs, even if Nil filing for past 2 f.y. is not done the company can strike off. Bank closure certificate must if having account in bank.

Can a struck off company still trade?

When a company is struck off, the name would be removed from the company register and it can not trade, sell its assets or make payments or even it can not get involved in any other business activities.

What are the grounds for striking off the company? In what conditions the Company’s name cannot be struck off?

The company can be struck off under the following circumstances:

When a company has failed to commence its business within one year of its incorporation.
When a company is not actively carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such a period for obtaining the status of a dormant Company.

Which Cities do you provide your services?

Ebizfiling.com provides company strike off services online across India. You can get your Private Limited Company registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

Have some queries?

Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at [email protected] or call us @+91 9643 203 209.

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Company Closure

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STEP – 1

Strike off Companies

STEP – 2

Verification of documents by our experts

STEP – 3

Application of Strike Off

STEP – 4

Processing of Appliication

STEP – 5

Your Company is under Strike Off Procedure

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