Closure of Company

Strike Off means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies.

It is a simpler and fast track form for closure of Company. A Company can file for strike off:

• When there are no operations for one year from incorporation
• When the Company has commenced operations, but has stopped operations for two years after commencement.

If necessary, any interested stakeholder can revive the company within a period of 20 years after the strike-off, by making an application with the Central Government.

A company can alternatively opt for Liquidation and Voluntary Winding Up, and close the Company once and forever.

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