Preparation of Financial Statement, Documentation for Closure, Filing of Strike off/closure form, Strike off Certificate, Bank account closure assistance
Preparation of Financial Statement, Documentation for Closure, Filing of Strike off/closure form, Strike off Certificate
Preparation of Financial Statement, Documentation for closure, Filing of Strike off/closure form, Strike off Certificate, Completion of previous year compliance, MCA DIN eKYC, Bank account closure assistance.
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Running a business comes with its own challenges. Some times when things
don't work out a business may be closed down. There can be several reasons to
close or strike off the organization. You can close your company with expert consultation and guidance of professionals with us. This will ensure no stone unturned to check the accuracy of documentation.
Strike off a company
Section 248, of the Companies Act, 2013, manages strike-off provisions of an
outdated company. Any dead organization burning to strike off its name from
the register of Registrar of the organization can apply in Form STK-2 for strike
off its name from the register kept up by ROC.
Similarly, ROC has also the ability to strike off any defunct company after
satisfying himself of the need to strike off an old company and has reasonable
cause. But prior to passing any request in such a manner, a chance of being heard
should be given to the outdated company by following the due strategy u/s 248.
What is Strike off of Company?
A company is always incorporated with a long term objective to do some legitimate business.
But if such company fails to commence its business or comply with necessary compliances, it may lead to closure of a company.
In other words, Strike off refers to removal of name of the company from the Register of Companies maintained by Registrar of Companies.
It is a fast track exit mode to close a company. Section 248 of Companies Act, 2013 defines Strike off broadly classified into two categories:
Whenever Registrar of Companies (ROC) believes that a company is not functioning or is inactive for quite a while, such company suo moto can be Stiked off by ROC and its name can be removed from the Register of companies.
The Registar shall send a notice to the company and its director of his intention to strike off the company from the
Register of Companies. Such a notice gives a 30 days time to the company and all its director within which they can
send their representation to the Registrar. Such a representation helps the Registrar to take informed decision to
strike off the company.Strike off is an online process that can be done through completing all the documentation, filing of strike off form and getting approval from concerned Registrar.
When a company itself does not want to continue, it can apply to registrar for strike off under section 248(2). Below are few steps to be followed:
Note: If any company falls under the above criteria applies for stike off, it shall be penalised with a fine upto one lakh rupees.
Close Company would vary from INR 15899/- to INR 25899/- depending upon the plan you choose.