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What is Strike Off of a Company?

Strike off of a company is a legal process in which the name of an inactive company is removed from the Register of Companies (ROC) under Section 248 of the Companies Act, 2013. It enables eligible companies that have ceased operations, have no outstanding debts, and meet the legally stipulated conditions to voluntarily shut down their operations.

The process involves obtaining the approval of the Board and Shareholders, preparing the necessary statutory documents, and filing the Form STK-2 with the Registrar of Companies. FinGuru India has a team of experienced CA and CS professionals who take care of the entire strike off process from accurate documentation to regulatory compliance and timely ROC filing, ensuring smooth and hassle-free closure of your company.

Sec 248

Companies Act, 2013

STK-2

Primary ROC form

3–6 mo

Typical timeline

Remove an inactive company’s name from the Register of Companies — legally, cleanly, and without ongoing compliance burden.
— Section 248 · Companies Act, 2013

Advantages of Company Strike Off

The strike-off process for closing an inactive company has legal, financial, and compliance advantages. It helps the business owner to avoid unnecessary liabilities, while ensuring the company is compliant with the Companies Act, 2013.

01

Legally Close Your Company

Strike off removes your company from the Register of Companies, giving it a formal legal closure and ending future statutory compliance obligations.

02

Reduce Compliance Costs

Once the company is struck off, you no longer need to incur recurring costs for annual ROC filings, audits, and compliance maintenance.

03

Avoid Future Penalties

Timely filing to close an inactive company helps you avoid late filing fees, regulatory notices and penalties that can result from continued non-compliance.

04

Protect Against Misuse

It also removes the chance of an inactive company being used without permission, identity theft, or fraud.

05

Expert End-to-End Support

FinGuru India manages documentation, statutory filings, and ROC coordination to help you complete the strike off process accurately and efficiently.

Types of Company Strike Off

There are two ways a company can be struck off under the Companies Act, 2013.

Voluntary Strike Off

A company voluntarily applies for strike off when it has stopped business operations, has no outstanding liabilities, and meets the eligibility requirements. The process involves shareholder approval and filing Form MGT-14 and Form STK-2 with the Registrar of Companies.
Company-initiated
No outstanding liabilities
MGT-14 + STK-2

Who initiates

Company / Shareholders

Key forms

MGT-14 & STK-2

Legal basis

Section 248

Best for

Inactive, debt-free cos.

Strike Off by the Registrar of Companies (RoC)

The Registrar of Companies (RoC) has the power to strike off the name of a company on its own if the company fails to commence business or remains dormant for two consecutive financial years, or does not comply with the statutory requirements. The Centre for Processing Accelerated Corporate Exit (C-PACE) deals with these cases.
RoC-initiated
C-PACE processing
Suo moto action

Who initiates

Registrar of Companies

Trigger

Inactivity / non-compliance

Authority

RoC / C-PACE

Notice forms

STK-1 → STK-5 → STK-7

Common Reasons Companies Apply for Strike Off

If your company is no longer operating, keeping it active only adds unnecessary compliance costs and filing obligations. A voluntary strike off allows you to close your company legally and avoid future compliance issues.

Never started business

Your company never started business after incorporation.

Long-term inactivity

The company has remained inactive for a long time.

Compliance costs unjustified

Annual ROC compliance costs are no longer justified.

Operations permanently ended

Business operations have permanently ended.

Founders decided to exit

The founders have decided to discontinue the business.

Prefer legal closure

You want to close the company legally instead of keeping it inactive.

Our experts will first review your company’s eligibility and then manage the complete strike off process, from documentation to ROC approval.

Step-by-Step Process for Strike Off of a Company

We at FinGuru India take the responsibility of complete strike off process and help you to close your company in a smooth manner and in compliance with the Companies Act, 2013.
01

Check Eligibility and Obtain Board Approval

We confirm your company’s eligibility, review the pending compliances and prepare the board resolution authorizing the strike off application.
02

Eliminate existing debts

We assist you in clearing all liabilities, statutory dues and bank accounts before filing the strike off application with ROC.
03

Get shareholder approval

We prepare the necessary resolutions and obtain shareholder approval to proceed with the voluntary strike off process.
04

ROC Forms Preparation and Filing

Our team prepares and files Form MGT-14 (if applicable) and Form STK-2 along with all the required supporting documents.
05

Review by ROC and Public Notice

The Registrar of Companies will examine the application and issue a public notice inviting any objections within the stipulated period.
06

Strike off and Dissolution of the Company

If no valid objections are raised, the ROC issues Form STK-7 and the name of the company is struck from the Register of Companies and the legal closure process is complete.

Eligibility and Restrictions for Company Strike Off

Before applying for the strike off of a company, it is important to confirm whether your business meets the eligibility criteria under Section 248 of the Companies Act, 2013. Our experts review your company’s status before filing to reduce the risk of rejection.

When Is a Company Not Eligible?

Generally cannot apply if, during the previous three months, it has:

Who Is Eligible for a Company Strike Off?

Your company may qualify if it:
Submitting an application despite these restrictions may lead to rejection and penalties under the Companies Act, 2013. Our team evaluates your eligibility before preparing the strike off application, helping you avoid unnecessary delays and compliance issues.

Documents Required for Company Strike Off

The submission of complete and accurate documents facilitates a smooth strike off process and minimizes the risk of delay or rejection by the Registrar of Companies.
If you need assistance with documentation, our team handles the preparation and verification of all required documents to help ensure a smooth and compliant ROC approval process.

Who Cannot Be Struck Off by the ROC?

Not all companies are eligible for strike off by the Registrar of Companies (RoC). The following companies are generally not removable from the Register of Companies by the RoC suo moto process under the Companies Act, 2013:
If the RoC issues a strike off notice and the company fails to respond within the prescribed time, it may lose the opportunity to file a voluntary strike off application later.

Restoration of a Struck Off Company

A company that has been struck off the Register of Companies can apply for revival under Section 252 of the Companies Act, 2013 if the strike off was unwarranted or caused genuine hardship.

The National Company Law Tribunal (NCLT) may order restoration after reviewing the facts and hearing all concerned parties. Once the Tribunal passes the restoration order, the company must file it with the Registrar of Companies within the prescribed period.

The RoC then restores the company’s name to the register and issues a fresh Certificate of Incorporation, allowing the company to resume its legal existence.

Timeframe and Government Fees for Company Strike Off

The government filing fee for Form STK-2 is ₹10,000. This fee is paid to the Ministry of Corporate Affairs (MCA) when submitting the strike off application.

In most scenarios, the strike off of a company will take between 3-6 months to complete. The timeline is based on document readiness, ROC processing, and the mandatory public notice period before the company is officially dissolved.

Government filing fee

₹10,000
Fee for Form STK-2, paid to the Ministry of Corporate Affairs (MCA) when submitting the strike off application.

Estimated timeline

3–6 mo
Based on document readiness, ROC processing, and the mandatory public notice period before the company is officially dissolved.
Note: Government fees are separate from professional service charges. Contact us for a clear, all-inclusive quote tailored to your company’s requirements.

How the ROC Can Strike Off a Company

The Registrar of Companies (RoC) can remove a company’s name from the Register of Companies on its own under Section 248 of the Companies Act, 2013 if the company remains inactive or fails to meet statutory requirements.
01
Form STK-1

Issue of Notice

The RoC issues a notice to the company giving it an opportunity to reply and submit the required documents within the prescribed period.
02
Form STK-5

Public Notice

If the company does not provide a satisfactory reply, the RoC publishes a public notice on the MCA portal, the Official Gazette and in newspapers inviting objections from the public.
03
Review

Review of Objections

The RoC examines any objections received from stakeholders before deciding whether the company should be struck off.
04
Form STK-7

Final Strike Off

If no valid objections are raised, RoC issues Form STK-7 and removes the company’s name from the Register of Companies. The company is dissolved from the date of publication.

Why Choose FinGuru India for Company Strike Off?

The submission of Form STK-2 alone does not close a company. This includes verification of eligibility, completion of pending compliances, arrangement of statutory documents and coordination with the Registrar of Companies.

At FinGuru India, our experienced CA and CS professionals handle the complete strike off process for you. This ensures no delays, documentation errors, and unnecessary compliance issues.

Other Platforms

FinGuru India

Ready to Strike Off Your Company Legally?

Talk to FinGuru India’s CA & CS experts. We’ll review eligibility, prepare Forms MGT-14 & STK-2, and coordinate with the ROC until your company is officially closed.
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Serge Mordenfeld

Finguru has been instrumental in our journey to establish a presence in India. From navigating complex regulatory requirements to setting up our payroll and taxation framework, their expertise and proactive support have been invaluable. Highly recommend their services to any company looking to enter or expand in the Indian market.

Dhruv

“We are delighted with the professional services provided by Finguru. Their team helped us seamlessly incorporate our business in India and continues to offer exceptional support in HR management, compliance, and accounting. Their deep understanding of local laws and dedication to client success make them a trusted partner for our operations in India

Chaitan

“Choosing Finguru was one of the best decisions we made for our business expansion into India. Their commitment to excellence and personalized approach to handling our financial and regulatory needs have exceeded our expectations. We appreciate their responsiveness and expertise in ensuring our compliance and operational efficiency.

Harish Dhanpal

One Solution Group

“I had the pleasure of working with Finguru for the incorporation of our company, One Solution Group in India. Their professionalism, expertise, and attention to detail made the entire Indian subsidiary registration process smooth and hassle-free. Special thanks to Dhwani Talati, Shaili Mehta, Pooja Pratap, and the entire Finguru team. I highly recommend Finguru for exceptional corporate services and ongoing support in India.

Anwar Rizwan

“If you’re looking to set up a subsidiary company in India, Finguru is the team to trust. Dhwani, Pooja, and the entire staff were extremely helpful guiding me through company formation and post-setup compliance for foreign partners. Their expertise in foreign subsidiary company registration and business structuring is unmatched.”

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“A very dedicated team helping navigate finance, company registration, legal compliance, and more in India. Thanks for your ongoing support!”

Shiv Om Saini

“A very dedicated team helping navigate finance, company registration, legal compliance, and more in India. Thanks for your ongoing support!”

Anwar Rizwan

“If you’re looking to set up a subsidiary company in India, Finguru is the team to trust. Dhwani, Pooja, and the entire staff were extremely helpful guiding me through company formation and post-setup compliance for foreign partners. Their expertise in foreign subsidiary company registration and business structuring is unmatched.”

Harish Dhanpal

One Solution Group

“I had the pleasure of working with Finguru for the incorporation of our company, One Solution Group in India. Their professionalism, expertise, and attention to detail made the entire Indian subsidiary registration process smooth and hassle-free. Special thanks to Dhwani Talati, Shaili Mehta, Pooja Pratap, and the entire Finguru team. I highly recommend Finguru for exceptional corporate services and ongoing support in India.

Chaitan

“Choosing Finguru was one of the best decisions we made for our business expansion into India. Their commitment to excellence and personalized approach to handling our financial and regulatory needs have exceeded our expectations. We appreciate their responsiveness and expertise in ensuring our compliance and operational efficiency.

Dhruv

“We are delighted with the professional services provided by Finguru. Their team helped us seamlessly incorporate our business in India and continues to offer exceptional support in HR management, compliance, and accounting. Their deep understanding of local laws and dedication to client success make them a trusted partner for our operations in India

Serge Mordenfeld

Finguru has been instrumental in our journey to establish a presence in India. From navigating complex regulatory requirements to setting up our payroll and taxation framework, their expertise and proactive support have been invaluable. Highly recommend their services to any company looking to enter or expand in the Indian market.

Got Questions • Ask away

Frequently Asked Questions

Who can apply for company strike off?
A company that has stopped business, has no outstanding liabilities, and meets the conditions under the Companies Act, 2013 can apply for voluntary strike off.
The process usually takes 3 to 6 months, depending on the ROC’s processing time and the company’s documents.
The government filing fee for Form STK-2 is ₹10,000. Professional fees are charged separately.
No. You must clear all liabilities and complete the required compliances before applying.
Yes. The ROC can strike off an inactive or non-compliant company after following the legal procedure under the Companies Act, 2013.
Yes. You can apply to the NCLT for restoration if you meet the conditions under the Companies Act, 2013.

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