Strike Off Company Legally Close an Inactive Company by Removing Its Name from ROC Records
Strike Off is the legal process of closing a company by removing its name from the records of the Registrar of Companies. It is generally used when a company has become inactive and the promoters want a formal legal closure instead of continuing recurring compliance obligations.
What is Strike Off?
Strike Off is the process of removing a company’s name from the register maintained by the Registrar of Companies, resulting in closure of the company as a legal entity. It is typically used by inactive companies that no longer wish to continue operations or bear the burden of recurring annual compliance.
This route is generally available only when the company is eligible for closure and does not have pending liabilities that prevent voluntary strike off. The company must complete the required internal approvals, prepare the prescribed supporting documents, and file the relevant form with MCA.
Once the application is filed, ROC verifies the documents, issues the applicable public notice, and proceeds with strike off if no valid objection blocks the closure. It is a compliance-based legal closure and should not be confused with simply stopping business activities without formal filing.
Benefits of Strike Off Company
Strike off helps inactive companies close properly instead of continuing avoidable compliance exposure.
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Avoid Compliance Burden It helps promoters avoid continuing annual ROC compliance obligations for a company that is no longer active.
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Legal Closure It provides a lawful and formal mechanism for closing the company through ROC records instead of leaving it inactive informally.
Documents Required
Strike off requires closure approvals and statutory declarations from the company and its directors.
Board Resolution
A board resolution is generally required to approve the company closure proposal and authorise filing of the strike off application.
Affidavit
An affidavit is generally required from the directors confirming the truthfulness of the application and related declarations.
Indemnity Bond
An indemnity bond is generally required from the directors in the prescribed format as part of the strike off process.
Process & Timeline
Strike off generally takes around 2–3 months or more depending on document readiness, ROC processing, and public notice timelines.
Board Approval
The company approves the closure proposal through the required internal board process and authorises the filing.
Filing STK-2
Form STK-2 is filed with MCA along with the prescribed attachments, declarations, and supporting closure documents.
ROC Verification
The Registrar examines the application, checks the company’s eligibility, and reviews the attached declarations and records.
Strike-Off Notice
ROC issues the prescribed notice and, if no valid objection prevents closure, proceeds with removal of the company name from the register.
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Frequently Asked Questions
Inactive companies that meet the legal eligibility conditions for closure can generally apply for strike off.
Form STK-2 is generally used for voluntary strike off filing with MCA.
No, voluntary strike off is generally not available where pending liabilities have not been properly settled or extinguished.
The process usually takes a few months depending on ROC verification and notice period requirements.
Yes, improper closure or non-compliance can lead to legal complications, penalties, and continuing exposure for the company and its officers.
Yes, restoration may be possible through the applicable legal process in eligible cases.
Yes, the company generally needs to complete the required compliance and documentation before applying for strike off.
Yes, the filing process is generally completed online through MCA.
The cost is generally moderate and depends on government filing fees, documentation, and professional assistance if taken.
The process is handled through the Ministry of Corporate Affairs and the Registrar of Companies.