If your Private Limited Company is inactive or no longer operating, it is important to close the company legally through the Company Strike Off process.
Failing to close an inactive company can lead to ROC penalties, compliance notices, and director liabilities.
LegalxIndia provides end-to-end assistance for Company Strike Off, helping businesses remove their company name from the Registrar of Companies (ROC) register smoothly and legally.
What is Company Strike Off?
Company Strike Off is the process of removing a company’s name from the Register of Companies maintained by the Registrar of Companies (ROC).
Once the strike-off process is completed, the company is considered dissolved and no longer required to comply with ROC filings.
The strike-off process is governed under Section 248 of the Companies Act, 2013.
This method is generally used for inactive companies that are not carrying on business operations.
When Should You Apply for Company Strike Off?
A company can apply for strike-off when:
The business is not operational
The promoters want to discontinue the company
The company has no assets or liabilities
The company has no ongoing business transactions
The company wants to avoid future compliance costs
Eligibility for Company Strike Off
To apply for company strike-off:
The company must have no outstanding liabilities
The company must close its bank account
All directors must consent to the strike-off
The company must not have any ongoing legal proceedings
Necessary ROC filings must be completed
Documents Required for Company Strike Off
You will need the following documents:
Certificate of Incorporation
PAN Card of Company
Board Resolution for strike-off
Special Resolution of shareholders
Statement of Accounts (not older than 30 days)
Affidavit from directors
Indemnity Bond from directors
PAN and Aadhaar of directors