What is a Strike-Off?
A Strike-Off refers to the removal of a company’s or LLP’s name from the official register maintained by the Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA), India. It signifies the formal closure or dissolution of a company or limited liability partnership that is no longer active or has ceased operations.
When a company is struck off, it ceases to exist as a legal entity in the eyes of the law and is no longer obligated to meet statutory compliances like filing annual returns, holding board meetings, or maintaining audited financial statements.
Documents Required for Strike-Off (Voluntary):
Board Resolution and Special Resolution (if required)
Form STK-2 duly signed and certified
Affidavit from directors (Form STK-4)
Indemnity Bond (Form STK-3)
Statement of Accounts (audited, not older than 30 days)
PAN, Certificate of Incorporation
NOC from regulatory bodies (if applicable)
Consequences of Strike-Off
The company ceases to exist legally and cannot continue business
All assets, if not distributed, vest with the Central Government
Bank accounts are closed; the company loses its corporate identity
Directors may remain liable for past acts or frauds
Revival is possible only through a Tribunal (NCLT), within 20 years under certain conditions
