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Strike Off Pvt. Ltd Company: Step-by-Step Guide for Business Owners
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....trike Off Pvt. Ltd Company: Step-by-Step Guide for Business Owners<br>By: - Ishita Ramani<br>Corporate Laws / IBC / SEBI<br>Dated:- 28-2-2025<br><br>This article shall discover the striking-off process for a Private Limited Company. What is Strike Off Pvt. Ltd Company? The process of removing a company's name from the official register is known as Strike Off Pvt. Ltd Company. This ensures that t....
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....he business is dissolved and no longer has legal obligations. Eligibility for Strike-Off Private Limited Company * A company can apply for a strike-off if: * It has not started operations within one year of registration * It has not been active for two consecutive years. * It has no outstanding liabilities (loans, taxes, or dues). Documents Needed to Strike Off a Pvt. Ltd Company * Boa....
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....rd Resolution: Approval from directors. * Shareholders' Consent: 75% approval required. * Indemnity Bond (STK-3): Signed by directors. * Affidavit (STK-4): Confirms no pending dues. * Financial Statement: Latest report from a CA. * NOC from Creditors: If applicable. * PAN Card & Bank Closure Proof: For verification. * ID & Address Proof of Directors: Aadhar, PAN, etc. Step-by-St....
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....ep Process to Strike Off a Pvt. Ltd Company Step 1: Board Resolution * Hold a Board Meeting and pass a resolution for striking off the company. * Get approval from shareholders through a special resolution. Step 2: Settle Liabilities * Clear all pending loans, taxes, and employee dues before applying. * Obtain a NOC from creditors, if applicable Step 3: File Form STK-2 * Submit Form S....
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....TK-2 to the Registrar of Companies (ROC) along with the required documents. * Documents include PAN cards, financial statements, indemnity bonds, and affidavits from directors. Step 4: ROC Verification * The ROC reviews the application and checks if the company meets the eligibility criteria. * If there are any discrepancies, the ROC may ask for additional documents. Step 5: Public Notice ....
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.... * The ROC issues a public notice in the Official Gazette for objections, if any. * If no objections are raised within 30 days, the company proceeds to be struck off. Step 6: Final Strike Off * If everything remains in order, then the ROC removes the company's name from the register. * A dissolution certificate is issued, confirming the strike-off. Important Points to Remember * Dir....
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....ectors must ensure compliance with all financial and legal obligations. * Strike-off does not eliminate liabilities if found later by authorities. * If the company wishes to restart operations, revival is possible through an appeal. Conclusion Strike Off Pvt. Ltd Company is a simple and cost-effective way to close a business legally. Business owners should carefully assess their financial st....
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....atus and complete all formalities before proceeding with the strike-off.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....