Businesses end; companies must be ended. Walking away without closing invites years of accumulating defaults. The strike-off route is the orderly exit for companies that have finished their story.
Who can apply
Companies that never commenced business, or that have ceased operations for the prescribed period, with no assets, no liabilities and no pending litigation — after extinguishing everything on the balance sheet.
The process outline
- Board and shareholder approvals for the closure
- Statements of accounts showing nil assets and liabilities, certified as prescribed
- Directors’ affidavits and indemnities accepting responsibility for undisclosed liabilities
- The strike-off application with fees; public notice; removal from the register
Pre-conditions people miss
- Bank accounts closed, registrations (GST and others) surrendered first
- Overdue ROC filings generally regularised before the application proceeds
- Tax clearances in order — the department can object
After strike-off
The company ceases to exist; directors’ liability for the pre-closure period survives as per law. Restoration is possible but is a tribunal matter.
Clean closures, handled end to end — ROC services · plan your exit.
