Close a Company
Starting
Closure of an inactive or defunct Company
Generally, a private limited company can be closed voluntarily by making an application with the NCLT. However, a company which has not commenced business since incorporation or a company which has been inactive for more than 2 years and does not have any assets or liabilities can close a company easily by filing Form STK-2 with the ROC. Other companies which are active, or which has assets or liabilities can be closed only by NCLT who will engage an Insolvency Professional to dissolve the company.
How to Close a Company
1. Extinguish all assets and liabilities
All Assets to be realised and liabilities should be paid off before Notice for Striking off name of Company is issued.
2. Board Resolution for Removal of Name
A Board Resolution shall be passed authorizing to apply to the ROC for striking off the name of the company.
3. General Resolution
As per Section 248(2) of the Companies Act 2013and Rules made there under a Resolution shall be passed by shareholders having at least 75 % of voting rights for striking of the name of the Company.
4. Surrender all Registrations, Licenses and Close Bank Account
All registrations and licenses should be surrendered following the required procedures and finally the bank account should be closed.
5. Statement of Accounts
Preparation of Statement of Accounts as on date (not more than 30 days from the date of application) in Form STK-8 and the same shall be vetted by a Chartered Accountant.
6. Notarised Affidavit and Indemnity Bonds
Indemnity Bonds and Affidavits by all directors in Form STK 3 and STK 4 respectively shall be prepared, notarised, and attached to the Form STK2 applied with ROC for striking of name of the company.
7. Filing FORM STK 2
Form STK 2, application for Striking off the name of the company duly attested by a practicing professional such as CA, CS or CMA, with necessary documents duly attached shall be filed with ROC. The form shall be filed by paying a Government fee of Rs. 10000
Strike off of Company
Documents and details required
- PAN of the company
- Bank Statement of last 2 years
- Bank Closure Statement
- GSTN, PF, ESI, TAN, and any other registration details
- PAN and residential address of all the directors
- Recent financial statements filed if any
- Recent Income tax return filed if any
- DSC of authorised Director/Person
- Active DIN of all Directors
Process to close an inactive company
- Purchase of suitable package
- A dedicated associate will be assigned
- All documents and details will be collected
- Due Diligence conducted
- Drafts for notarization and signatures will be shared
- Processing and filing Form STK 2 to close a company
- Follow up till final closure
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Choose your plan
In case of customised orders, please Contact Us. We will fix you the best price.
- Conduct of Due diligence
- Statement of account preparation
- Drafting of affidavit and indemnity bonds
- CA Certification of Statement of accounts
- Filing STK 2 with ROC
- Follow up till striking off
- Feature of Basic+
- Surrender of PAN
- Surrender of TAN
- Surrender of GST
- GST Final Returns filing
- Inactive DIN of any Director
- Inactive DSC or non-availability of DSC
- More than 2 directors
- Foreign /NRI Investment
- Authorised capital more than 1 lakhs
- Income Tax return not filed till year in which operations are ceased
- ROC filings not filed till year in which operations are ceased
If any customisation required, please contact us. We will fix you the best price !
NOTE: The packages above do not include cost of Notarization and stamp paper (approx. Rs. 100 to 200 per stamp paper). Inclusive of all taxes.
(The drafts will be prepared by us; you will have to buy stamp paper from local vendors and get affidavits and indemnity bond notarized)
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