V Filing

Company Strike Off

Company Strike Off refers to the legal process of removing the name of a company from the Register of Companies maintained by the Registrar of Companies under the provisions of the Companies Act, 2013. Once the strike off process is completed, the company is considered dissolved and ceases to exist as a legal entity. Voluntary strike off is commonly used by private limited companies that are no longer carrying on business operations, have no liabilities, or do not intend to continue business activities in the future. The process involves obtaining approvals from the Board of Directors and shareholders, clearing pending liabilities and statutory obligations, preparing the necessary declarations and affidavits, and filing the prescribed application with the Registrar of Companies.

Typical timeline

3 to 6 months depending on ROC processing and objection period.

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Key benefits.

Structured closure

A properly completed strike off process provides promoters and directors with a structured and compliant exit mechanism while ensuring that the company's closure is legally recognized.

End compliance burden

Stop recurring annual compliance costs and obligations for an inactive company. Instead of maintaining unnecessary compliance for a non-functioning company, promoters can close it properly.

Director relief

Directors are relieved from ongoing statutory responsibilities once strike off is completed. Proper execution helps avoid future legal complications, penalties, or compliance issues.

Complete documentation

All resolutions, affidavits, indemnity bonds, statements of accounts, declarations, and filing records maintained for legal protection and future reference.

Documents required.

Board resolution for strike off
Special resolution by shareholders
Affidavit and indemnity bond
Statement of accounts
Clearance of all pending liabilities
Completion of all pending ROC filings

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