Company strike-off eligibility requires regulatory no-objection or ministry approval to avail simplified exit scheme for defunct companies. Defunct companies registered under the Companies Act, 1956 may apply for strike-off under the Simplified Exit Scheme, excluding section 25 companies, if ... Summary
Company strike-off eligibility requires regulatory no-objection or ministry approval to avail simplified exit scheme for defunct companies.
Defunct companies registered under the Companies Act, 1956 may apply for strike-off under the Simplified Exit Scheme, excluding section 25 companies, if they either never carried out business or have ceased business activity. Regulated entities must meet additional conditions: unregistered entities must show no operations since incorporation, and registered entities must enclose a regulatory no-objection with the application. Government companies with no assets or liabilities may apply if they meet other requirements and submit the administrative ministry's approval letter.
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