Running a business comes with its own challenges. Sometimes the contract ends, business will not start, and at other times, the operational cost of business increases when compared to revenue. In these cases, the directors or shareholders wish to close the company.
In these cases, the company can apply for striking of the company. The process of striking off is an alternative way to the winding up of a company.
Understand the difference between Closure, Strike Off, Who can file such, the fees associated and the processing timelines.
This document covers
The company can apply for closure in the following cases.
The company might wish to close the company due to various reasons. The company can file an application to the Registrar of Companies (ROC) in form STK-2 after closing the bank account and paying the liabilities
The following companies cannot file for voluntarily strike off with ROC
Form STK-2 should be accompanied by a Government fees of Rs 10,000. It needs to be payable at the time of uploading STK-2
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