Close Company Online | Strike Off Form STK-2 Process

The Legal Exit from Business

Legal assistance for company closure. We help with STK-2 strike-off, winding up resolutions, and obtaining 'Nil' liability certificates for MCA closure.

Legally close your non-operational company or LLP. Complete the strike-off process (Form STK-2) to remove your company's name from the MCA register.

Closing a business? Exit legally and cleanly. We help non-operational companies remove their names from the ROC register and end all annual compliance obligations.

Closing a company is as significant a legal process as starting one. If a company remains non-operational for a long period, directors must choose between maintaining it (with annual costs and filings) or closing it legally. Leaving a company dormant without filings leads to heavy penalties and director disqualification.

The most common and cost-effective method for closing a small to medium-sized business is 'Strike Off' (Section 248). This is suitable for companies that have not started business or have ceased operations for at least 2 years and have zero assets and liabilities. For larger firms with creditors or assets, 'Voluntary Winding Up' under the IBC is the appropriate path.

QuickTaxperts provides professional support for company closure, managing the financial settlements, drafting affidavits, and ensuring a clean exit through the MCA portal.

• Category: Compliance
• Requires 'Nil' assets and 'Nil' liabilities on the date of application.
• Directors must provide an indemnity bond and affidavits.
• Mandatory closure of all bank accounts and GST/Tax registrations before filing.
• Requires a Special Resolution approved by 75% of shareholders.
• Ideal for companies with no assets and no liabilities
• Registration of STK-2 form for 'Fast Track' closure
• Requires 'Nil' statement of accounts and director affidavits
• Ends the requirement for future annual filings and audits

Fast Track Strike Off (STK-2)

The simplest way to close a dormant firm.

• No Operation: Company must not have carried out any business for at least 2 years.
• Financials: A Statement of Accounts showing zero assets and liabilities, certified by a CA.
• Public Notice: The ROC publishes a notice in the Gazette to invite objections from the public.
• Final Order: Once no objections are received, the ROC dissolves the company and updates its status.

Documents required

Document requirements vary by entity type, state, premises, and authority. These are the usual groups we verify before submission.

• Closure Checklist: Indemnity Bond duly notarized (Form STK-3).; Affidavits from all directors (Form STK-4).; Statement of Accounts (Nil) certified by a Chartered Accountant.; Certified copy of the Special Resolution.; No Objection Certificate (NOC) from relevant departments (if regulated).; Proof of closure of all bank accounts.; Latest Income Tax acknowledgement (ITR) if applicable.

Process and timeline

• Board Approval: The board decides to close the company and settles all remaining small liabilities.
• Financial Statement: A CA prepares the 'Nil' statement of accounts for the closure date.
• Affidavits: Directors sign and notarize the indemnity bond and closure affidavits.
• Portal Filing: Submitting Form STK-2 on the MCA portal with the required professional certification.
• Dissolution: ROC reviews the application and publishes the name for strike-off in the Gazette.

Expert review

Close Company Online | Strike Off Form STK-2 Process content is reviewed by QuickTaxperts Legal Team, Liquidation Specialists.

• Checklist-led review
• Document pre-verification
• Authority-specific next steps

Frequently asked questions

These quick answers cover common planning questions before you request a checklist or quote.

• What is Strike Off?: Strike Off is a legal process to remove a non-operational company's name from the register of the MCA.
• Can I close a company with debts?: No, all debts and liabilities must be paid off before applying for a voluntary strike-off (STK-2).
• How long does it take to close a company?: The administrative process takes about 3-6 months, including the time for public notice.
• What is the fee for STK-2?: The current government fee for filing Form STK-2 is ₹10,000.
• Do I need to file annual returns before closing?: Yes, all pending annual returns (AOC-4/MGT-7) up to the date of cessation of business must be filed.
• What is an Indemnity Bond?: It is a legal promise by directors to pay any future unknown liabilities that may arise after the company is closed.
• Can a struck-off company be revived?: Yes, an aggrieved person or the company itself can petition the NCLT for revival within a specific period (up to 20 years for some cases).
• Is winding up the same as strike off?: No, winding up is a more detailed process involving a liquidator to sell assets and pay creditors, while strike-off is for 'dormant' firms with no assets/debts.