Updated on: March 17th, 2023 5:25 PM

How do I apply for strike-off?

It is essential to understand the process and the requirements to apply for strike-off successfully. This article will provide you with the information you need about the process and the requirements for filing for a strike-off. Company strike-off is when a company is permanently removed from the official register at the regulatory body. This means the company will no longer exist and all of its assets, such as property, equipment, and bank accounts, will be released back to its shareholders. The company’s accounts will also be closed and its name will no longer be used for any legal purpose.

Process of  Strike-Off

Applying for strike-off is relatively straightforward, but there are a few steps to take before submitting the application along with the process.

• Check if the company has complied with all the requirements as per the provisions of the Companies Act 2013.
• Check if all statutory returns have been filed and the company’s books of accounts are up to date.
• Check if all taxes, dues and other dues of the company have been paid.
• Check if all the creditors have paid their dues and the company has no outstanding liabilities.
• Check if all the directors, shareholders, employees and other stakeholders have been given reasonable notice of the company’s intention to strike off.
• Check if the company has received the necessary approvals from regulatory authorities and government departments (if applicable).
• Ensure that all the required documents, such as Memorandum and Articles of Association, board resolution, Form STK-2, annual accounts and annual returns, are in order.
• Complete the relevant application form (Form STK-2 for India).
• Pay the application fee.
• Submit the form and documents to the Registrar of Companies (ROC).
• Wait for the decision from the ROC.
• If approved, publish the notice of striking-off in the official gazette of the government.
• Notify all creditors of the company’s striking-off.
• Submit confirmation that all relevant steps have been taken to the ROC.
• Wait for the striking-off to be registered.
• Finalize the process of striking off the company by submitting the necessary documents to the ROC.

The process of striking off a company in India is simple and straightforward. However, it is important to ensure that all the due diligence is completed before filing for strike-off to avoid any legal complications. If you are looking to apply for strike-off of your company in India, you can approach a reliable and experienced professional to help you with the process.