Legally closing a dormant or inactive Private Limited Company is critical to protect its directors and shareholders from severe financial penalties, MCA prosecution, and director disqualification. Leaving an inactive company open without filing mandatory annual returns (MGT-7 and AOC-4) results in recurring late fees and can lead to the MCA forcefully striking off the company and blacklisting its directors. We offer a structured winding-up service, utilizing either the MCA Fast Track Exit (FTE) route under Section 248(2) using Form STK-2 (Strike-Off) for companies with zero assets and liabilities, or coordinating a formal voluntary liquidation under the Insolvency and Bankruptcy Code (IBC) for operating entities, ensuring a clean, fully compliant exit from the corporate registry.
Prepare and submit the strike-off application directly to the Centre for Processing Accelerated Corporate Exit (C-PACE) for rapid closure.
Coordinate with practicing Chartered Accountants to draft certified financial statements showing nil assets and liabilities as of the application date.
Draft precise indemnity bonds and affidavits in Form STK-3 to legally insulate directors from post-closure claims.
Facilitate the cancellation of your corporate PAN, TAN, and GSTIN registrations, ensuring zero unresolved tax claims or active notices.
Under Section 248 of the Companies Act, 2013, a company is eligible for voluntary strike-off if it has not commenced any business since incorporation or has not carried on any business for the two immediately preceding financial years.
No, a company applying for strike-off via STK-2 must have absolutely nil assets and nil liabilities. Any outstanding corporate debts, bank loans, or statutory dues must be fully settled before filing the application.
If an inactive company fails to file annual returns, directors face personal penalties of up to ₹5 lakhs, disqualification from acting as a director in any company for five years, and the freezing of their personal bank accounts.
Comprehensive solutions tailored to your business needs.
Resolve income tax notices and scrutiny assessments with precise, portal-compliant responses.
