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Siddhu ManojFounder & CEO of Two-LYP Computations Pvt. Ltd.
“Incorporating my Startup with IncorpX was an incredibly smooth and hassle-free experience. The team was highly professional, guiding us every step of the way with clear communication and prompt support. The registration process was fast, and every detail was handled with precision and accuracy. Highly recommend IncorpX for anyone starting a business.”
Abhishek LohaniDirector at Lohani Learnings
“Company is good and service is also smooth. I used their compliance service and the response was timely with no delay and price are also convenient. They are always available to cater your need.”
Chandan Kr. ChaudharyFounder of Creative Minds
“I am very satisfied with the team of IncorpX for providing the top notch services. Team of IncorpX was giving the update on daily basis was one of the best thing which I experience in Corporate. keep doing it. Thank you!”
Jayavijaya SJFounder of Agro Farms
“Don't think twice.Got my company incorporates here. Tbh very impressed by the quality of service provided by this team. Very organized and friendly team. Had a smooth and peaceful experience. Timely regular updates were provided by the team. Overall a great experience.”
Anoop KrishnanFounder of EIGHTH DAY FORGE
“It's rare to find a service provider who makes the process feel personal - IncorpX absolutely did. From day one, they patiently explained every detail without any jargon, making it easy to understand and stress-free. There was zero chasing, no delays-just efficient, smooth execution all the way through. I felt supported, heard, and confident at every step of registering my company EIGHTH DAY FORGE (OPC) Private Limited. Thanks to Mr. Sriram and his wonderful team.”
Ramesh LankeFounder of EKnal Technologies
“IncorpX made the entire registration process for our company, EKnal Technologies, smooth and stress-free. Their team was professional, efficient, and incredibly supportive from start to finish. Highly recommend them to any founder looking for a reliable partner in their business journey! Special shoutout to Sriram and Aswin-your support, clarity, and responsiveness made the whole process incredibly smooth.”
700+
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WHY CHOOSE US?
Expert Legal Team
Experienced legal experts in company formation and corporate law.
Fast Turnaround
Kickstart your venture with efficient company setup, generally processed within a week.
Dedicated Support
Personal manager by your side, every step of the way and beyond.
Complete Documentation
We handle all paperwork and ensure full legal compliance.
Business Growth Tools
Free business resources to fuel your company's success from day one.
24/7 Customer Service
Round-the-clock assistance for all your concerns.
Ready to Close Your Company Legally?
Get expert assistance for company closure with complete compliance - starting from ₹4,999.
HERE'S HOW IT WORKS
1. Fill the Form
Simply fill the above form to get started.
2. Call to discuss
Our startup expert will connect with you & complete legalities.
3. Close Your Company
Get professional assistance with company closure and strike-off procedures.
SIMPLE & TRANSPARENT PRICING
MOST POPULAR
Company Closure Package
₹4999 /one-time
Complete within 7 days
7-day turnaround 100% guaranteed
MCA Strike Off Application (STK-2)
Board Resolution Drafting
Director & Shareholder Consent
Indemnity Bond Preparation
Statement of Assets & Liabilities
Tax Filing Assistance
GST Cancellation Support
Complete Documentation
Expert CA/CS Support
Post-Closure Guidance
*Government fees are additional and vary based on company structure
4.9/5 based on 1000+ reviews
Money back guarantee
Secure payment
Top rated service
IncorpX Prime
An all-inclusive solution for startups and expanding enterprises seeking a streamlined, compliant incorporation process.
Key Benefits
Personalised support from dedicated incorporation specialists.
Application prepared and filed within 2 days.
24/7 customer assistance.
Important Notes
We strive to register your preferred business name whenever feasible.
Alternative name suggestions are provided if the preferred name is not approved.
Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
Company Closure in India is a legal process through which a registered business entity ceases its operations and is removed from the records of the Ministry of Corporate Affairs (MCA). Whether your business has fulfilled its purpose, faced financial difficulties, or you simply wish to move on to new ventures, closing a company properly is essential to avoid future legal and financial complications.
The Companies Act, 2013 provides multiple routes for company closure, including Voluntary Strike-Off for dormant companies, Compulsory Winding Up through the National Company Law Tribunal (NCLT), and Fast Track Exit (FTE) for companies with minimal operations. The appropriate method depends on factors like company status, liabilities, assets, and compliance history.
Failing to close a company properly can lead to serious consequences including disqualification of directors, penalty accumulation, and legal action against promoters. Directors of non-compliant companies can be barred from acting as directors in any other company for up to 5 years, affecting their future business ventures.
At IncorpX, we specialize in company closure services across all business structures - Private Limited Companies, LLPs, OPCs, Partnership Firms, and Sole Proprietorships. Our team of experienced CAs and CSs handles all formalities, from filing the strike-off application to ensuring complete compliance, so you can close your business with peace of mind.
Types of Business Closure Services
Different business structures require different closure procedures. Here are the company closure services we offer based on entity type:
Private Limited Company Closure
Close your Pvt Ltd company through MCA strike-off (STK-2) or NCLT winding up, depending on company status and liabilities.
LLP Closure
Wind up your Limited Liability Partnership through Form 24 filing with the Registrar of Companies.
OPC Closure
Close your One Person Company through the strike-off route with simplified documentation requirements.
Partnership Firm Closure
Dissolve your partnership firm through deed dissolution and settlement of partner accounts.
Sole Proprietorship Closure
Close your proprietorship by cancelling registrations (GST, MSME) and settling all liabilities.
Subsidiary Company Closure
Close Indian subsidiary of foreign companies with additional RBI and FEMA compliance requirements.
Reasons to Close a Company
There are several legitimate reasons why business owners decide to close their companies. Understanding these helps in choosing the right closure method:
Business Objective Achieved
The company was created for a specific project or purpose that has been successfully completed, and there's no need to continue operations.
Financial Difficulties
The business is unable to generate sufficient revenue, facing losses, or cannot meet its financial obligations to creditors.
Business Restructuring
Merging with another entity, converting to a different business structure, or consolidating multiple companies into one.
Partner/Director Disputes
Irreconcilable differences among directors, shareholders, or partners making it impossible to continue business operations.
Dormant Company
The company has been inactive for an extended period with no business transactions, making it a compliance burden.
New Business Ventures
Promoters want to focus on new business opportunities and close existing companies to reduce compliance obligations.
Methods of Company Closure in India
The Companies Act, 2013 provides different routes for closing a company based on its status, liabilities, and compliance history. Here's a comparison of the main closure methods:
Feature
Voluntary Strike-Off (STK-2)
Compulsory Winding Up (NCLT)
Fast Track Exit (FTE)
Applicable To
Companies with no assets/liabilities or with consent of creditors
All companies, especially those with significant liabilities
Defunct companies (never commenced business or dormant)
Initiated By
Company Directors/Shareholders
Creditors, Company, or Registrar
Company Application
Authority
Registrar of Companies (RoC)
National Company Law Tribunal (NCLT)
Registrar of Companies (RoC)
Time Required
3-6 months
1-2 years
3-4 months
Cost
Moderate
High (legal fees, tribunal costs)
Low to Moderate
Conditions
No operations for 2 years, no pending liabilities
Company unable to pay debts, just and equitable grounds
Never commenced business or dormant for 1+ years
Key Forms
STK-2 with RoC
Company Petition with NCLT
FTE Application
Best For
Inactive companies with no liabilities
Companies with creditor disputes or complex assets
Never operational or shell companies
Important Note
Voluntary Strike-Off (STK-2) is the most commonly used and cost-effective method for closing inactive companies. However, ensure all tax returns are filed and there are no pending legal proceedings before applying.
Requirements for Company Closure
Before initiating the closure process, ensure your company meets these prerequisites:
All pending annual returns must be filed up to date
No pending income tax, GST, or other statutory dues
All liabilities settled or consent obtained from creditors
No pending legal proceedings against the company
Bank accounts should be closed or have nil balance
All company assets must be disposed of or distributed
Board resolution approving closure
Special resolution passed by shareholders
Documents Required for Strike-Off:
Indemnity Bond from all Directors
Statement of Assets and Liabilities
Affidavit from Directors
NOC from Regulatory Authorities (if applicable)
Copy of Board Resolution & Special Resolution
Step-by-Step Company Closure Process
Here's how IncorpX helps you close your company through the voluntary strike-off route:
Step 1: Initial Assessment
Our experts review your company's status, compliance history, pending liabilities, and assets to determine the best closure method and identify any pre-requisites.
Step 2: Clear Pending Compliances
We assist in filing all pending annual returns (AOC-4, MGT-7), income tax returns, and GST returns to bring the company to a compliant status.
Step 3: Settle Liabilities & Dispose Assets
All company debts are settled, assets are sold or distributed to shareholders, and bank accounts are closed. Creditor consent is obtained where necessary.
Step 4: Board & Shareholder Approval
Board meeting is convened to pass resolution for closure. An Extraordinary General Meeting (EGM) is held to pass special resolution with 75% majority.
Step 5: Prepare Closure Documents
We prepare all required documents including indemnity bond, affidavit, statement of assets and liabilities, and NOCs from regulatory authorities.
Step 6: File STK-2 with RoC
The strike-off application (Form STK-2) is filed with the Registrar of Companies along with all supporting documents and prescribed fees.
Step 7: Public Notice & Final Order
RoC publishes a public notice giving 30 days for objections. If no objections are received, the company name is struck off from the register, and dissolution notice is issued.
Close your company legally with expert guidance from IncorpX!
Consequences of Not Closing a Company Properly
Abandoning a company without proper closure can have severe legal and financial implications:
Consequence
Impact
Penalty/Action
Director Disqualification
Directors cannot be appointed in any other company
Barred for 5 years under Section 164(2)
Penalty Accumulation
Late filing fees continue to accumulate annually
₹100 per day per form (can run into lakhs)
Legal Prosecution
Directors face criminal prosecution for non-compliance
Fines and potential imprisonment
Credit Score Impact
Directors' personal CIBIL scores get affected
Difficulty in getting loans or credit
Tax Notices
Income Tax department continues to send notices
Interest and penalties on unfiled returns
RoC Strike-Off
RoC may suo-motu strike off the company
Still liable for past dues and penalties
Why Choose IncorpX for Company Closure?
Complete Compliance: We ensure all pending filings are completed before closure.
Transparent Pricing: No hidden charges, clear breakdown of all costs involved.
Fast Processing: Efficient handling to complete closure in minimum time.
Expert Support: Dedicated CA/CS professionals handle all formalities.
End-to-End Service: From compliance clearance to final strike-off order.
DIN Protection: We ensure directors' DINs remain active and unaffected.
Company Closure - Related Services
Expert assistance for all business types.
Private Limited Company Closure
Close your Pvt Ltd company through MCA strike-off with complete compliance.
Closing a company involves several legal formalities and compliance requirements. Here are answers to the most frequently asked questions about company closure in India:
The easiest way to close a company is through Voluntary Strike-Off under Section 248 by filing Form STK-2 with the Registrar of Companies. This route is available for companies that have not commenced business or have been inactive for two years.
The voluntary strike-off process typically takes 3-6 months from filing the application. The timeline depends on RoC processing, public notice period (30 days), and whether any objections are raised.
For voluntary strike-off, all liabilities must be cleared or consent obtained from creditors. If there are significant unpaid debts, you may need to go through NCLT winding-up process where a liquidator is appointed to settle creditor claims.
Leaving a company inactive without closure can result in director disqualification (5-year ban), accumulating penalties (₹100/day per unfiled form), legal prosecution, and negative impact on directors' credit scores.
Yes, all pending annual returns (AOC-4, MGT-7) must be filed up to the date of the strike-off application. Additionally, all income tax returns and GST returns should be filed to avoid complications.
Yes, a struck-off company can be revived within 20 years of the strike-off date by filing an application with NCLT. The company must demonstrate valid reasons for revival and pay all pending fees and penalties.
Strike-off is a simpler administrative process for inactive companies with no liabilities. Winding up is a detailed legal process through NCLT involving appointment of a liquidator, suitable for companies with assets, liabilities, or disputes.
If the company is closed properly through strike-off, directors' DINs remain active. However, if the company is struck off by RoC due to non-compliance, directors may face disqualification under Section 164(2).
Costs include government filing fees (varies by authorized capital), professional fees for CA/CS services, and any pending compliance costs (late filing fees, tax dues). At IncorpX, company closure starts from ₹4,999.
Pending tax litigations may create complications in the closure process. It's advisable to resolve tax matters before initiating strike-off. In some cases, a No Objection Certificate from the Income Tax department may be required.
An LLP can be closed by filing Form 24 with the Registrar after obtaining consent from all partners, settling all debts, and filing all pending returns. The process is similar to company strike-off but governed by the LLP Act, 2008.
Before applying for strike-off, all company assets must be sold or distributed to shareholders after paying off creditors. A statement of assets and liabilities showing nil assets is required for the strike-off application.
