Fast-track exit procedures and formal liquidation processes.
When a business reaches the end of its lifecycle, a legally compliant exit is just as critical as its incorporation. Abandoning a dormant company without formally closing it triggers compounding late fees, director disqualification, and potential prosecution by the Ministry of Corporate Affairs (MCA). We manage the entire spectrum of corporate exits, ensuring founders and promoters can move on cleanly and confidently.
We handle Fast-Track Strike Offs under Section 248 of the Companies Act, 2013. For solvent companies with active balance sheets, we execute Members' Voluntary Liquidations (MVL) under the Insolvency and Bankruptcy Code (IBC), 2016. With the Insolvency and Bankruptcy Board of India (IBBI) streamlining the voluntary liquidation process to ensure faster capital distribution, we manage the end-to-end lifecycle: liaising with the Insolvency Professional, obtaining necessary NOCs from the Income Tax and GST departments, and overseeing the final dissolution order from the National Company Law Tribunal (NCLT).
OptionsStrike-off (fast-track) or formal winding-up.
Why actDormant entities keep accruing compliance.
GoalA clean, complete exit.
No — that accrues penalties and risk. A proper strike-off or winding-up is the correct route, and we handle it.
A simplified exit available to eligible companies that meet specified conditions.
For a strike-off, you need a statement of accounts signed by a Chartered Accountant showing zero assets and liabilities, dated within 30 days of the application. For voluntary liquidation, fully audited financials are required.
Strike-off (Form STK-2) is a fast, simplified route for dormant companies with nil assets and nil liabilities. Voluntary Liquidation under the IBC is for solvent companies that still hold assets, need to realize those assets, and must pay off creditors before distributing the remaining funds to shareholders.
Yes. An LLP that has been inoperative for at least one year can apply for striking off its name by filing Form 24 with the ROC, accompanied by an indemnity bond and an affidavit from the designated partners.
Outstanding compliance and dues generally need to be settled first. We help you close them as part of the process.
Tell us a little about your requirement and our team will get back to you with the right guidance and a clear next step.
