Gather and share these documents with our team. All directors must have a valid Class-3 DSC for signing the STK-2 application.
Leaving a company dormant without closure is a ticking compliance clock — penalty fees, director disqualification, and eventual compulsory strike-off by the ROC with a black mark on your DIN. A clean voluntary closure protects your directors and gives you a clear slate for your next venture.
What is fast-track strike-off (STK-2) under Section 248?
Section 248 of the Companies Act, 2013 allows the Registrar of Companies (ROC) to remove dormant companies from the register. Companies can apply voluntarily using Form STK-2 if they have not commenced business or have ceased operations for at least 2 consecutive years, with no assets or liabilities.
Is our company eligible for fast-track strike-off?
Your company is eligible if: (1) it was never operative or has not been carrying on business for 2+ years, (2) it has no pending statutory filings, (3) it has no assets or liabilities, (4) all directors have active, KYC-compliant DINs, and (5) there is no pending litigation or government dues. Our CA will confirm eligibility after reviewing your company's records.
What happens to overdue ROC filings before closure?
All pending annual returns (MGT-7/MGT-7A) and financial statements (AOC-4) must be filed before STK-2 is accepted. The MCA's CFSS (Companies Fresh Start Scheme) or normal late filing with fees applies. Our team handles these overdue filings as part of the closure process.
How long does the company closure process take?
After STK-2 is filed and accepted, the ROC publishes a public notice in the Official Gazette for 30 days. If no objections are received, the company is struck off in the subsequent gazette notification. The entire process typically takes 3 to 6 months from the date of filing.
Do we need to cancel GST registration before closing the company?
Yes. If the company is GST-registered, you must file GSTR-10 (Final Return) and apply for GST cancellation via Form REG-16 before or alongside the company closure. Failing to do so can block the closure process. We assist with both.
What is the liability of directors after closure?
After strike-off, directors are relieved of ongoing compliance obligations for the closed entity. However, liability for actions taken while the company was active (e.g., fraud, unpaid creditors) can persist. A clean closure with nil assets/liabilities protects directors from future claims.
Can a struck-off company be restored?
Yes. Within 20 years of strike-off, an aggrieved party (member, creditor, or the company itself) can apply to the NCLT for restoration. However, restoration is an expensive and time-consuming legal process. Voluntary, compliant closure is always preferred over compulsory strike-off.