Starting a business is an important milestone, but there are situations where closing a company or LLP becomes the most practical and strategic decision. Whether due to inactivity, financial constraints, a change in business plans, or compliance burden, a proper legal exit is just as crucial as incorporation.
At Legal N Tax, we help businesses close their operations in a legally compliant, transparent, and hassle-free manner. Our Company Strike Off services in India are designed to ensure that your business is officially closed under Indian law, freeing you from future liabilities, penalties, and compliance obligations.
Understanding Company Strike Off Services in India
What Is a Company Strike Off?
Company Strike Off Services in India refers to the removal of a company’s name from the Register of Companies (ROC) maintained by the Ministry of Corporate Affairs (MCA). Once struck off, the company ceases to exist as a legal entity.
What Is LLP Closure?
LLP closure is the legal process of winding up and dissolving a Limited Liability Partnership (LLP) by filing prescribed forms with the Registrar of Companies after fulfilling statutory requirements.
Both processes are governed by specific provisions under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, and must be followed carefully to avoid future complications.
When Should You Consider Company Strike Off or LLP Closure?
You may consider closing your company or LLP in situations such as:
- The business has never commenced operations
- The company or LLP is inactive for an extended period
- No significant assets or liabilities remain
- Continuous compliance costs outweigh business benefits
- Change in business strategy or restructuring
- Disputes among partners or shareholders
- Failure to achieve business objectives
In such cases, opting for a formal and lawful closure is far better than leaving the entity dormant and exposed to penalties.
Risks of Not Closing an Inactive Business Properly
Many business owners assume that simply stopping operations is enough. However, an inactive company or LLP that is not officially closed continues to face:
- Annual ROC filing obligations
- Late fees and penalties
- Disqualification of directors or partners
- Legal notices from authorities
- Future compliance and litigation risks
A proper strike-off or closure ensures complete peace of mind and legal closure.
Eligibility Criteria for Company Strike Off
A company can apply for strike off if it meets certain conditions, including:
- No business activity for the last two financial years
- No pending litigation or prosecution
- No outstanding liabilities
- All bank accounts closed
- No pending statutory dues
- Consent of shareholders and directors obtained
Legal N Tax carefully reviews eligibility before initiating the process to ensure smooth approval.
Eligibility Criteria for LLP Closure
An LLP can be closed if:
- It has not carried out business for at least one year
- All assets and liabilities are settled
- All partners consent to closure
- No pending legal disputes or prosecutions exist
We conduct a detailed compliance check to ensure your LLP qualifies for closure.
Company Strike Off Process in India
The company strike-off process typically involves the following steps:
1. Preliminary Compliance Review
We examine:
- ROC filing status
- Income tax compliance
- Outstanding liabilities
- Bank account status
Any pending non-compliance is resolved before proceeding.
2. Closure of Bank Accounts and Settlement of Liabilities
All bank accounts must be closed and liabilities cleared to ensure a clean closure.
3. Filing of Strike Off Application
The company files Form STK-2 with the ROC, along with:
- Affidavit and indemnity bond from directors
- Statement of accounts certified by a Chartered Accountant
- Shareholders’ consent
4. ROC Review and Approval
Upon verification, the ROC publishes a notice and, if no objections are raised, strikes off the company’s name from the register.
LLP Closure Process in India
The LLP closure process involves:
1. Compliance Verification
We ensure all:
- Annual returns
- Statements of accounts
- Tax filings
- are completed.
2. Consent of Partners
Partners pass a resolution approving the closure.
3. Filing of LLP Closure Forms
Relevant forms are filed with the ROC along with declarations confirming nil assets and liabilities.
4. ROC Approval
Once approved, the LLP is officially dissolved and removed from the register.
How Legal N Tax Helps with Company Strike Off & LLP Closure
At Legal N Tax, we provide end-to-end closure services, ensuring a smooth and compliant exit.
- 1. Expert Eligibility Assessment: We evaluate your entity’s status and recommend the most appropriate closure route.
- 2. Compliance Rectification: If there are pending filings or defaults, we help complete them before closure.
- 3. Documentation and Filing: We handle the preparation and filing of all required forms, affidavits, resolutions, and statements.
- 4. ROC Coordination and Follow-Up: Our team actively tracks the application and handles any queries or objections raised by authorities.
Why Choose Legal N Tax?
- Experienced Professionals: Our team has extensive experience in handling company strike-offs and LLP closures across industries.
- Transparent and Reliable Process: We maintain complete transparency at every stage—no hidden surprises.
- Time and Cost Efficient: Our structured approach ensures faster closure with minimal cost and effort.
- One-Stop Compliance Support: From clearing pending filings to final ROC approval, we manage everything under one roof.
Company Strike Off vs. Winding Up – Understanding the Difference
It is important to note that a strike off is different from winding up:
- Strike off is suitable for inactive companies with no liabilities
- Winding up is a formal and lengthy process involving liquidation
Legal N Tax helps you choose the most appropriate and legally viable option based on your circumstances.
Our Commitment to a Clean and Compliant Exit
At Legal N Tax, we believe that closing a business should be simple, lawful, and stress-free. Our focus is not just on filing forms but on ensuring that your business exits the system cleanly, without leaving behind compliance risks.
Our Consultant for Company Strike Off Services in India helps you move forward with confidence, whether it’s starting a new venture or focusing on other priorities.
Close Your Company or LLP the Right Way
If your company or LLP is inactive or no longer required, don’t let it become a compliance burden. Let Legal N Tax handle your Company Strike Off or LLP Closure with professionalism and care.
Email: mail@legalntaxindia.com
