CA CS Prabhjot Kaur

Company Strike Off and LLP Closure

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Company Strike Off and LLP Closure

Company Strike Off and LLP Closure

Overview

Not every business continues forever. Sometimes, due to inactivity, financial challenges, or strategic decisions, promoters may choose to voluntarily close or strike off a company or LLP from the records of the Ministry of Corporate Affairs (MCA). If your business is no longer operational, it’s crucial to officially close it to avoid unnecessary compliance burdens, penalties, and legal issues.

We at offer complete services for Company Strike Off and LLP Closure, ensuring a smooth, legal, and hassle-free exit from MCA records.

 

What is Company Strike Off?

Company Strike Off is the legal process of removing a company’s name from the Register of Companies maintained by the Registrar of Companies (ROC). It is governed under Section 248 of the Companies Act, 2013.

You can voluntarily apply for strike off if:

  • The company has not commenced business within one year of incorporation, or

  • The company is not carrying on any business or operation for the last two financial years and has not filed an application for dormant status

What is LLP Closure?

An LLP can be closed through voluntary strike-off under Rule 37 of LLP Rules, 2009 if:

  • The LLP has not commenced business, or

  • Has been inactive for at least one year, and

  • Has no outstanding liabilities

LLP closure must be done legally through Form 24 and supported by necessary declarations and documentation.

Documents Required for Company Strike Off:

  • PAN Card & COI of the Company

  • MOA & AOA

  • Board Resolution for Strike Off

  • Indemnity Bond & Affidavit (on Stamp Paper)

  • Statement of Accounts (Not older than 30 days)

  • ITR Acknowledgments (if filed previously)

  • Consent of Directors and Shareholders

  • Bank Account Closure Proof

  • Form STK-2 with Govt Fees