Legal Services
Starting a company is an exciting milestone, but not every business continues as planned. Market changes, financial challenges, business restructuring, or shifting priorities may lead promoters to discontinue operations. If your company is no longer active, simply stopping business activities is not enough. A company continues to exist as a legal entity until it is formally removed from the records of the Ministry of Corporate Affairs (MCA).
This is where company strike-off becomes important. It is a legal process that allows eligible companies to close their operations and remove their name from the Register of Companies (ROC). Choosing the proper strike-off procedure helps businesses avoid future compliance obligations, penalties, and unnecessary costs.
What Is a Company Strike Off?
A company strike-off is the legal process of removing a company's name from the Register of Companies maintained by the Registrar of Companies (ROC). Once the application is approved, the company ceases to exist as a legal entity and is no longer required to comply with ongoing statutory filing requirements.
The process is governed under Section 248 of the Companies Act, 2013 and is generally used by companies that have stopped carrying on business and wish to close their operations voluntarily.
