If your Private Limited Company is inactive or defunct, you can legally close it to avoid compliance burden and penalties. We facilitate the Fast Track Exit (FTE) mode under Section 248.
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A company that has been inactive for 2 or more years can apply to the Registrar of Companies (ROC) to remove its name from the register. This process is known as "Strike Off" or "Fast Track Exit," which is a legal way to shut down without going through full liquidation.
Once closed, the company is no longer required to file Annual Returns, Financial Statements, or other ROC forms.
Active but dormant companies attract heavy penalties for non-filing. Closing the company puts an end to this financial drain.
Directors of non-compliant companies face disqualification for 5 years. Closing the company properly protects their DIN status.
It ensures a formal and legal exit from the business, allowing promoters to start fresh ventures without past baggage.
Pay off all creditors and liabilities. Close the company bank account.
Drafting affidavits, indemnity bonds, and getting financial statements certified by a CA.
Filing Form STK-2 with the Ministry of Corporate Affairs (MCA).
ROC publishes a public notice. If no objections are raised, the company name is struck off.
We provide a dedicated Startup Advisor, monthly compliance status reports, and ensure 100% accurate filing at the lowest fees in the market.
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