CLOSING OF COMPANY
Closing of a Company @ Rs 19999 (Professional fee)
- Documentation as per the Companies Act 2013
- E-forms filing with the Govt.
- Get Company closure certificate
- Time required: 3-4 Months
- Dedicate account manager
- 100% Online Process
WHAT IS CLOSING OF COMPANY?
Business owners may want to strike off the company for a wide variety of reasons. However, there is a set procedure that needs to be followed for the closing of the company. When the company fails to commence its business within one year of incorporation or the company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company, may after extinguishing all its liabilities apply for striking off the name of the Company from the register subject to the consent of seventy-five percent members in terms of paid-up share capital through a special resolution.
Closure of the company may become necessary since not doing so will force you to adhere to all the compliances even though you may not have a functional company in place. If the Compliances are not done, the company shall be marked as non-compliant Company and the penalty or late filing fees shall keep on increasing with the delay in Compliance and later when you think of closing down the company, you will have to first complete all the filings and pay all the penalties accumulated as on the date of filing. So, it’s always best to immediately close down the company if there is no business or no future plans for business and therefore if you fall under any of the allowed criteria to file for strike off of the private company, you can avail of our easy and affordable packages.
Features of Closing A Private Company
Easy and Convenient
The Companies Act provides a convenient and easy way to close Company and avoid the requirement to wait for closure window.
Cost-Saving
closing of company will ensure you save financial resources otherwise utilized on filing, audits, etc.
Time-Saving
Closing down a company not having any business is always best to save your time and attention in its unwanted mandatory compliances and filings.
Avoid Penalties
Even if your company is not operational, you will have to adhere to the compliance and face penalties on failure to do so. closure of the company will free you from such compliances.
Requirements
- In the previous three months, the company has not engaged in any other activity except the one which is necessary or expedient for the purpose of making an application for strike off as a statutory requirement;
- In the previous three months, the company has not disposed of any value of property or rights held by it, immediately before cesser of trade or otherwise carrying on of the business, for the purpose of disposal for gain in the normal course of trading or otherwise carrying on of business;
- In the previous three months, the company has not made an application to the Tribunal for the sanctioning of a compromise or arrangement and the matter or is not being wound up under Chapter XX of the Companies Act or under the Insolvency and Bankruptcy Code, 2016;
- This process for strike off can be filed only by any active or dormant company except listed companies & the Companies registered under section 8 of the Companies Act, 2013 provided that all the eligibility criteria mentioned in the law are met. Filing of any other eForm shall not be allowed by a company for which work item of e-Form STK-2 is pending.
- In the previous three months, the company has not changed its name or shifted its registered office from one state to another.
- PAN card copy of all the Directors.
- Aadhar card copy of all the Directors.
- Address Proof of all the Directors (Utility Bill/Bank Statement/Mobile Bill not more than 2 months old)
- Identity Proof of all the Directors (Voter ID/Passport/Driving Licence)
Process
- 1
Arranging the Documents
Arrange to provide the documents as per the checklist shared.
- 2
Bank Closure
Close the bank account if available and arrange to provide closure certificate.
- 3
Documentation
Get NIL statement of accounts from Chartered Accountant and prepare documents as required to be attached for filing.
- 4
Filing of Form
Filing of Form MGT-14 & STK 2 with the Registrar of Companies within 30 days from the date of passing a special resolution for the closure of private limited company.
customer stories
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
Harneet Singh
Sydney, New South Wales, Australia
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Smriti Anand
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
Sarita Chauhan
Chairman & Director Farsighters Network and Communications Pvt Ltd
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Harcharan Singh
Chartered Accountant UAE
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Ashwani Soni
Founder, Addensure Media LLP
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Amit Tyagi
Founder, Onmytap- NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Kiranjeet Kaur
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd
Price
Frequently Asked Questions (FAQs)
No, under Companies Act there is no time limit for making an application under STK 2 for the closing of company.
Having satisfied the prerequisites of making an application for the closure of a private limited company, any active or dormant company except listed Companies and the companies registered under section 8 of the Companies Act, 2013 can apply for the closure of the company through form STK-2.
Yes, the relevant Form for strike off is required to be filed within 30 days from the date for which the NIL statement is provided by the Chartered Accountant.
At Provenience, our advice to our clients is always to follow the law to the dot. So, it is recommended and even mandatory to file all the pending ROC returns and discharge all the duties before making an application for closing down the company in form STK-2
If all the directors of the company have been disqualified, an EGM can be called to appoint a new director and the application shall be made to the ROC with respect to such appointment.
Yes, the digital signature of at least one director will be required as the application needs be filed in the electronic format.
A company can be closed if 75% of shareholders are in favour of the decision. However, a company cannot be closed by filing the standard STK-2 if the dissenting person has more than 25% stake in the company. Under such a condition, an application may have to be filed before NCLT under IBC 2016.
When a company is struck-off, it is no longer allowed to trade or sell assets, and conduct any business activity.
The Total cost of closing a Pvt Ltd Company comprises of Govt Fees, Stamp duty and Professional Fees. Please connect with the team for bufurcation
