Strike Off Company
Senixa Legal helps you to wind off your Private Limited Company and stop complying with routine compliances. Prices starting from INR 17999/- only.
Senixa Legal helps you to wind off your Private Limited Company and stop complying with routine compliances. Prices starting from INR 17999/- only.
At the point when the Company has incorporated a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company. Once the name of the company is entered into the registrar it cannot be removed unless the company applies for it or is processed by law. When the company fails to commence its business or fails to submit yearly returns, the registrar may SUo motto strike off the company by sending a notice to the company at its registered office address.
In case you want to revive your struck off company, you may get in touch with Senixa Legal. It usually takes at least 3 months for a company to be officially dissolved, but the length of time can vary considerably if the process is complex. However, a company will cease to exist in not less than 3 months from the winding-up notice being advertised in the Gazette. However, some companies may apply under fast track exit mode for striking off its name.
The Companies can apply under fast track exit mode for striking off its name:
• Companies which are not operating or not carrying on any business for the last two year from the date of application or,
• Companies which are not operating or not carrying on any business within one year of incorporation and,
• A company having Nil assets & liability.
The process of removing an incorporated or registered company from the list of companies maintained by the state registrar can be conducted smoothly with our team just by sharing your company name. Application for the strike off can be made by the Company who is actively working and also by a dormant company.
Company Strike off procedure is an online process. You can also check the Company strike off the list in India from MCA records. An application for removal of the name of the company / Strike Off Company shall be made in Form STK-2 along with the prescribed fees.
A company can also be closed by applying with the MCA in about 3 to 6 months. There’s a fast track exit process. The entire process can be completed online. It makes it easy and quick for you to close a company.
Rather than complying with various forms such as filing, audit, returns, etc, it is advisable to wind up a company that is a dormant or non-active company. This saves the compliance costs of a company that is not in action every year.
A company that doesn’t file its compliance on time incurs fines and penalty including the debarment of the Directors from starting another Company. So it is advisable to legally wind up a dormant company and avoid fines in the future.
Complete 1 simple form & Verification of documents by our experts
Application of Strike Off
Processing of Appliication
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A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
What does the strike-off of a company mean?
Strike Off means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies.
It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
What is the procedure for Closing a Private Limited Company?
Shutting down a company is a long and complicated procedure. A Private Limited Company can be closed down in various manners depending on the requirements of the owner.
The owner can sell the company.
Can close down the company by declaring the company ‘Non -operational” (Striking of the company).
Winding up or dissolving the company.
If compliance is never done during incorporation can strike off be done? If yes, then how?
Strike can be done only after 1 yr of incorporation even without an annual filing subject to active DIN and NO business since 1 yr.
Note: 20A filing compulsory if co. is incorporated after 2nd Nov 2018
If compliance is done only for one year or 2 and not up-to-date, what to be done?
For a company having an ongoing business, there should be no business transactions since 2 F.Y. and nil filings should be done for those 2 yrs, even if Nil filing for past 2 f.y. is not done the company can strike off. Bank closure certificate must if having an account in the bank.
Can a struck off company still trade?
When a company is struck off, the name would be removed from the company register and it can not trade, sell its assets or make payments or even it can not get involved in any other business activities.
What are the grounds for striking off the company? In what conditions the Company’s name cannot be struck off?
The company can be struck off under the following circumstances:
Have some queries?
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@senixalegal.com or call us @+91 9999347181.
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