Voluntary Strike Off of Defunct Company
Section 248(2) Companies Act 2013 | Fast Track Exit (FTE) | Form STK-2 | Penalty-Free Closure
Legally close your inactive or defunct private limited company with zero future compliance liability with Practicing Company Secretaries. We manage the entire voluntary strike-off process under Section 248(2) of the Companies Act 2013 and Companies (Removal of Names) Rules 2016—including asset-liability zeroing, indemnities, affidavits, and securing formal ROC dissolution.
Under Section 248(2) of the Companies Act 2013, a company that has failed to commence business within 1 year of incorporation, or has not carried on any business or operation for the preceding 2 financial years, can apply to the Registrar of Companies (ROC) in Form STK-2 for voluntary removal of its name from the Register of Companies.
- 100% legal, penalty-free company closure under Section 248(2) of Companies Act 2013
- Dramatically eliminate ongoing annual filing costs, director disqualification risks, and penalties
- Comprehensive settlement of assets, liabilities, and closure of company bank accounts
- Fast-track MCA V3 e-filing (Form STK-2) with Indemnity Bond (STK-3) and Affidavit (STK-4)
Why Choose Strike Off Company & Fast Track Exit (FTE)?
Keeping a non-operational company open incurs recurring annual audit and ROC compliance fees of ₹30,000+ per year. Failing to file returns leads to director DIN deactivation, disqualification for 5 years, and daily compounding penalties.
Permanently Eliminate Annual Filing Liabilities
Stop paying annual auditor fees, CS retainer fees, and filing charges for AOC-4, MGT-7, and DIR-3 KYC.
Protect Directors from 5-Year Disqualification
Prevent statutory director disqualification under Section 164(2) and DIN freezing by legally dissolving defunct entities.
Shield Against ROC Penalty Notices
Avoid MCA adjudication penalties that run into thousands of rupees per month for delayed annual compliance.
Cost-Effective Alternative to Liquidation
Voluntary strike-off under Form STK-2 costs a fraction of full-scale formal court/NCLT winding up.
Clean Commercial Record
Maintain clean credit and regulatory track records for directors to start fresh new ventures without baggage.
Turnkey CS Representation
Our Company Secretaries prepare all CA statements, indemnity bonds, ROC responses, and handle gazette notifications.
Comprehensive Strike Off Company & Fast Track Exit (FTE) Offerings
Our strike-off advisory covers asset zeroing, board/member approvals, and MCA Form STK-2 filings.
1. Financial Zeroing & Bank Account Closure
- Settling all outstanding company debts, liabilities, and statutory tax dues
- Closing all corporate bank accounts and obtaining formal Bank Closure Certificates
- Preparation of Statement of Accounts in Form STK-8 certified by a Chartered Accountant (not older than 30 days)
- Surrendering/canceling GST registration, Professional Tax, and EPF/ESI codes
2. Board Approval & Shareholder Consent
- Convening Board Meeting to approve strike-off proposal and authorize Form STK-2 filing
- Obtaining written consent from 75%+ members in terms of paid-up share capital (or Special Resolution in EGM)
- Drafting Indemnity Bond by all directors in Form STK-3 on non-judicial stamp paper
- Drafting Affidavit by all directors in Form STK-4 verifying nil business operations
3. MCA V3 Filing (Form STK-2)
- Filing e-Form STK-2 on MCA V3 portal with ROC fee of ₹10,000
- Attaching CA Statement of Accounts (STK-8), Indemnity Bond (STK-3), Affidavit (STK-4), and Bank Closure Letter
- Attaching statement of pending litigation (or nil litigation affidavit)
- Practicing Company Secretary digital certification supporting a complete filing record
4. Public Notice & Official Gazette Dissolution
- ROC publishes public notice in Form STK-6 in English and Vernacular daily newspapers
- ROC sends statutory intimation to Income Tax Department, GST authorities, and RBI for objections
- Publication of striking off notice in the Official Gazette (Form STK-7)
- Company stands formally dissolved, and its name is removed from MCA Register
Step-by-Step Strike Off Company & Fast Track Exit (FTE) Execution Process
Step 1: Balance Sheet Zeroing & Bank Closure
Settling liabilities, closing bank accounts, obtaining bank closure certificate, and preparing CA Statement of Accounts (<30 days old).
Step 2: Board & Shareholder Resolutions
Passing Board Resolution and securing written consent from 75%+ shareholders (or Special Resolution in EGM).
Step 3: Stamping Indemnity (STK-3) & Affidavits (STK-4)
Executing Indemnity Bonds and Affidavits on stamp paper and notarizing them.
Step 4: Filing e-Form STK-2 on MCA Portal
Submitting Form STK-2 with all statutory attachments certified by a Practicing Company Secretary.
Step 5: ROC Public Notice & Gazette Dissolution
ROC verifies no tax objections, publishes notice in Official Gazette (STK-7), and dissolves the company.
Documents Required for Strike Off Company & Fast Track Exit (FTE)
Company & Financial Records
- CA Statement of Accounts (STK-8): Statement of Assets and Liabilities certified by CA showing NIL assets and NIL liabilities (<30 days old)
- Bank Closure Certificate: Original letter from bank confirming closure of company current account
- Certificate of Incorporation: Original COI and Memorandum & Articles of Association
- Past Annual Returns: Proof of annual filings up to the financial year the company ceased operations
Statutory Indemnity & Affidavits
- Indemnity Bond (STK-3): Indemnity bond on non-judicial stamp paper signed by all directors and notarized
- Affidavits (STK-4): Individual affidavits by all directors affirming nil operations and liabilities
- Shareholder Consent / Special Resolution: Written consent from 75%+ shareholders or EGM Special Resolution
- Litigation Declaration: Declaration on stamp paper confirming no pending litigation against company or directors
Director KYC & Signatures
- Director KYC: PAN, Aadhaar/Passport, and address proof of all directors
- DSC of Director & PCS: Valid Class-3 Digital Signature Certificate of authorized director and certifying PCS
- Tax Surrender Proofs: GST cancellation order and PAN surrender request proof where applicable
Why Choose Lawful Journey?
Senior CS & Advocate Leadership
Direct supervision by qualified Company Secretaries and corporate advocates with 15+ years of specialized experience in statutory compliance, certification, and corporate law.
Pre-Filing Quality Review
Structured document reviews help identify missing information, inconsistencies, and filing risks before submission to the relevant authority.
Fast-Track Turnaround
Streamlined internal workflows, digital portal filing acceleration, and dedicated case managers keeping you updated at every single milestone.
End-to-End Confidentiality
Bank-grade data confidentiality and legally binding NDAs protecting your business records, proprietary technical data, and corporate filings.
Transparent Fixed Pricing
Clear, all-inclusive professional fees without hidden charges or surprise surcharges. Complete clarity before filing begins.
Post-Approval Support
Ongoing compliance tracking, annual renewal reminders, statutory register updates, and dedicated helpline for all future legal requirements.
Frequently Asked Questions
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The company must: (1) Have zero assets and zero liabilities, (2) Have failed to commence business within 1 year of incorporation OR not carried on business for the preceding 2 financial years, and (3) Have closed all bank accounts and obtained 75%+ shareholder consent.
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No. All statutory tax dues, pending litigation, and employee liabilities must be fully settled and cleared before filing Form STK-2. The ROC sends a mandatory notice to the Income Tax Department before granting dissolution.
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Strike Off (Section 248) is a fast, simplified administrative procedure for defunct companies with NIL assets and NIL liabilities. Winding Up (Liquidation under Section 271 / IBC) is a complex legal process required when a company has substantial assets, debts, or disputes.
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Yes. Under Section 252 of the Companies Act, any aggrieved member, creditor, or the company itself can file an appeal before the National Company Law Tribunal (NCLT) within 20 years to revive the company.
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The MCA statutory filing fee for Form STK-2 is ₹10,000.
Ready to Get Started with Strike Off Company & Fast Track Exit (FTE)?
Schedule a confidential consultation with our Senior Company Secretaries and Legal Advisors. We provide strategic guidance, document preparation, and fast-track execution.
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