Company & LLP Closure Services
Legally dissolve your inactive Private Limited Company or Limited Liability Partnership (LLP) to avoid mounting compliance penalties. We specialize in Fast Track Exit (FTE) and Strike-Off filings.
Initiate Closure ProcessEligibility for Fast-Track Closure
Not all companies can be struck off immediately. The Ministry of Corporate Affairs (MCA) mandates strict prerequisites before allowing a business to close voluntarily.
Private Limited Company (Form STK-2)
- Must be inactive and not carrying on any business for the last two financial years.
- Must have zero assets and zero liabilities.
- All statutory filings (AOC-4, MGT-7, GST) must be up to date before filing.
- Requires a Special Resolution approved by at least 75% of the shareholders .
Limited Liability Partnership (Form 24)
- Must not have carried on any business operations for at least one year.
- Must clear all liabilities and close all associated bank accounts.
- Pending annual compliance, specifically Form 8 and Form 11, must be filed prior to closure.
- All designated partners must consent to the closure.
Paths to Legal Dissolution
Depending on your entity's financial health, there are different methods to surrender your registration.
| Closure Method | Applicability | Key Forms | Estimated Timeline |
|---|---|---|---|
| Strike-Off (FTE) | Inactive entities with nil assets and liabilities. | Form STK-2 (Company) / Form 24 (LLP). | 3 to 6 months. |
| Voluntary Winding Up | Solvent companies undergoing structured, orderly closure. | Declaration of Solvency, Liquidator Appointment. | 12 to 18 months. |
| Dormant Status | Companies pausing operations temporarily but intending to restart. | Form MSC-1. | Maintained annually. |
Mandatory Documentation
A successful strike-off relies on flawless documentation. Our team prepares and files the following on your behalf:
- Statement of Accounts: A statement showing nil assets and liabilities, certified by a Chartered Accountant, dated no older than 30 days from filing.
- Affidavits & Indemnity Bonds: Executed by directors/partners taking responsibility for any future liabilities (Form STK-3 and STK-4 for companies).
- Closure Proofs: Certificates of bank account closures and surrender of GST/PAN/TAN registrations.
Important Compliance Warning: Failing to formally close an inactive company can lead to severe penalties. For companies, non-filing of annual returns attracts ₹100 per day in fines, and directors risk disqualification under Section 164(2).
Ready to Close Your Entity?
Stop paying unnecessary compliance fees. Let Corporate Mitras manage your documentation, ROC filings, and fast-track exit legally and securely.
Consult a Closure Expert