Strike off a company starting from ₹ 19,999/-
Get Started By paying Rs. 19,999/-
Introduction
Whenever a Company is incorporated a Certificate of Incorporation is granted by the Registrar of Companies which admits the existence of the Company. Once the name of a company is entered in the registers of the Registrar it cannot be removed from the same until and unless the Company applies for the removal or is initiated by process under law. The Registrar has power to strike off the name of the Company from the registers if it fails to commence its business or fails to submit the yearly returns.
Running a business is difficult as there are a certain set of complications and challenges faced by the businessmen. If the things do not work properly the business may have to shut down properly.
It is a long process for winding up a Company but there are some companies which can apply under fast track exit for striking off its name. A fast track exit scheme is a company closure scheme initiated by the MCA for easy and fast closure of the Company.
Sprinthub Solutions can help you with the strike off/closure of a company just by following certain steps by providing the best assistance, timely delivery and guaranteeing the highest customer satisfaction You may get in touch with our team on 096436-69475 or email info@sprinthub.in .
Companies who can apply under fast track exit mode for striking off the name of the Company:
Documents required for closure of LLP
Appointment of Designated Partner
Details of Activity such as Details whether the company has been operative for any period. If yes, since when the operations are discontinued
NOC from creditors : The company must provide NOC for closure from creditors, if any the draft of which will be provided by us
Accounting Information such as The financial statement of the Company for the most recent year, prepared prior to 30 days of filing the application
Legal Liabilities which a statement regarding pending litigations, if any involving the company
Process of Strike Off of Company
Complete Questionnaire
Document Processing
Application for Strike Off
Preparation and filing of the same with MCA
Publishing the strike off after approval of the MCA
Gets the disqualification removal of directors starting from ₹ 20,000/-
Professional Consultation
Filing of the matter with the respective High Court
Preparation of application and filing or order and other Documents with respective ROC for Restoration of DIN
Regular follow ups with the Concerned authorities
DIN Activation and Removal of Disqualification
Drafting of Writ Petition
Appearance by the Advocates and Pleading for the same
More Insights on Closure of Company
Modes of Strike Off
The strike off of the company can be initiated by the Registrar or by the Board of Directors on behalf of the company. Let us discuss both the cases :
Strike off of Company by ROC: The Registrar of Companies can send a notice of striking off if finds a reasonable cause for striking off a company to the Company as well as the Directors of the Company. The notice explains about the reasons of the strike off and asks for representatives to reply within 30 days of notice along with required documents. This process is known as “Compulsory removal of name from registrar of Company”.
Striking off a company on its own: The company can suo-motto file an application for strike off in Form STK-2 with ROC by passing a special resolution in the EOGM and after extinguishing all the assets and liabilities. The strike off can be done if the company has not carried on any operation since the date of incorporation and one year has elapsed or company has not carried out any operation since the last 2 years as on the date of application.
It is compulsory to complete all the ROC Annual filings before initiating for the striking off process, if there had no transactions and bank accounts are not operational then we can apply for strike off without any filings.