Strike off Section-8 Company
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Strike off Section-8 Company
Strike Off of Section 8 Company
A Section 8 Company is a not-for-profit organization registered under the Companies Act, 2013, with the objective of promoting charitable, educational, religious, or social causes. While these companies enjoy several legal and tax benefits, there may come a time when they are no longer operational or relevant. In such cases, a formal strike off is required to legally close the company and remove its name from the Registrar of Companies (ROC) records.
At [Your Firm Name], we assist in the proper and compliant closure of Section 8 Companies under the applicable provisions of the Companies Act and MCA guidelines.
When Can a Section 8 Company Be Struck Off?
The company has not commenced any activities since incorporation.
The company is inactive for more than two years and has no significant assets or liabilities.
The board or members voluntarily decide to close the organization due to completion of objectives or other reasons.
Our Strike Off Services Include:
Legal consultation on eligibility and prerequisites
Convening board and member meetings for approval
Preparation of necessary documents: resolutions, indemnity bond, affidavit, and financial statements
Filing of Form STK-2 with the ROC
Closure of bank accounts, PAN deactivation, and statutory clearances
Continuous follow-up with the Ministry of Corporate Affairs (MCA) until name removal is confirmed
Key Considerations Before Strike Off:
All liabilities, loans, and dues must be cleared.
No ongoing legal proceedings should be pending.
Income Tax returns and annual filings must be completed up to the strike-off date.
Approval from regulatory authorities (if applicable) may be needed before proceeding.
Why Choose [Your Firm Name]?
Experienced professionals with expertise in Section 8 and NGO compliance
Transparent communication and timely updates