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Strike off is the formal mechanism by which a company or LLP ceases to exist as a legal entity. Once struck off, the entity's name is removed from the official register and it can no longer conduct business, own property, enter contracts, or sue and be sued.
Under Section 248 of the Companies Act, 2013, the ROC has the power to strike off companies that have not commenced business within a year of incorporation, or have not carried on business for two preceding financial years.
For Limited Liability Partnerships, the corresponding provision is Section 75 of the LLP Act, 2008, read with the LLP (Amendment) Act and the newly inserted Section 376ZP governing strike off.
Understanding what happens once an entity is struck off is essential before you begin the process.
From STK-2 filing to NCLT revival — comprehensive strike off and closure services for companies and LLPs across India.
A complete procedural guide for voluntary strike off under Section 248(2) of the Companies Act, 2013 — from board resolution to final ROC gazette notification, in 7 simple phases.
Complete document checklist for filing Form STK-2 under Section 248(2). Our team drafts what we can — simply provide the base information.
Keeping an inactive company on the register can lead to serious legal and financial consequences.
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Everything you need to know about strike off, closure and revival — answered by our experts.
Strike off is the formal mechanism under Section 248 (Companies Act) or Section 75/376ZP (LLP Act) by which a defunct company or LLP is removed from the register and ceases to exist as a legal entity. It is a simplified route for entities with no liabilities and no business activity. Winding up / liquidation, by contrast, is a court or tribunal-supervised process used when the entity has assets and liabilities that need to be settled and distributed — far more time-consuming and expensive. If your entity has outstanding liabilities, winding up may be more appropriate than strike off.
Voluntary strike off under Section 248(2) typically takes 30 to 60 working days from the date of filing Form STK-2, subject to ROC processing time and the mandatory 30-day public notice period on the MCA website.
Once struck off, the entity ceases to exist and can no longer sue, be sued, own property or conduct business in its own name. However, members and directors may remain personally liable for debts and liabilities incurred before strike off, and the liability of every director, manager or member continues as if the company had not been dissolved.
All bank accounts associated with the entity must be closed before filing, and any unclosed accounts are frozen on strike off. Under Section 250 of the Companies Act, all assets of a struck-off company vest in the Central Government unless the company is restored via NCLT — which is why settling and distributing assets before applying for voluntary strike off matters.
Yes. Directors of companies that fail to file annual returns or financial statements for 3 consecutive years face disqualification under Section 164(2) of the Companies Act 2013 and may be barred from all directorships for 5 years — even where the company is compulsorily struck off by the ROC rather than voluntarily closed.
Voluntary strike off (Section 248(2)) is initiated by the company itself via Form STK-2, after settling liabilities and obtaining member consent. Compulsory strike off (Section 248(1)) is initiated suo-motu by the ROC against non-compliant companies — for example those that have not commenced business or filed returns — and is far more damaging, as it can trigger director disqualification and penalties without the company's control over timing.
Yes. Under Section 252 of the Companies Act 2013, any aggrieved person — including a member, creditor, workman or the company itself — can file a restoration petition before the NCLT. The petition must be filed within 20 years of compulsory strike off, or 3 years for voluntary strike off, and the NCLT will restore the name if satisfied that doing so is just and equitable.
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