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Receive your Company Closure certificate and all incorporation documents.
If a company is inactive and not doing any business, it still must file annual returns and pay compliance fees every year. The proper solution is to formally close the company under the Fast Track Exit (FTE) scheme — removing all compliance obligations permanently. LegalSearch handles the complete closure process including STK-2 form filing and ROC approval.
Once struck off, the company has no further obligation to file annual returns, hold meetings, or pay compliance fees.
An inactive company that continues to exist accumulates late filing penalties every year. Formal closure stops this immediately.
Directors of struck-off companies can face DIN disqualification. Proper closure through the FTE scheme protects directors' future directorship rights.
The Fast Track Exit scheme is significantly simpler than formal winding-up and can be completed in 3–6 months with LegalSearch's help.
A properly closed company removes any lingering legal liability or compliance burden from the directors and shareholders.
Post-closure, the MCA database shows the company as "Struck Off" — providing clean records for all former directors.
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Closure of Company is the legal process of ending the existence of a company as a legal entity, removing it from the MCA Register of Companies, and ending all compliance obligations.
Closure is done voluntarily through the Fast Track Exit scheme for inactive companies. Winding Up may be voluntary or court-ordered and involves liquidating assets. Dissolution is court-initiated for ending a company's legal existence — typically in contentious situations.
Even if a company is not doing any business, it continues to exist legally until it is struck off the ROC register. Without closure filing, the company must continue filing annual returns and directors remain liable.
The FTE scheme (now using Form STK-2) is an MCA initiative for quick and simple closure of inactive companies. It is far simpler and cheaper than formal winding up.
Any Private Limited Company that is not a Section 8 Company, has been inoperative for at least 1 year from incorporation, has no pending legal proceedings, and has nil or minimal assets and liabilities.
The fee for filing Form STK-2 is Rs. 5,000. LegalSearch's professional service fee is in addition to this.
After Form STK-2 is filed, the ROC publishes a notice and waits for objections. The complete process typically takes 3–6 months depending on ROC jurisdiction.
Yes, but all bank accounts must be closed before filing for closure. The Statement of Assets and Liabilities must reflect nil or zero assets at the time of filing.
After the company is struck off, the director has no compliance obligations for that company. Their DIN remains active for other directorships they may hold.
Yes. A company can be restored to the register by applying to the National Company Law Tribunal (NCLT) within a specified period, if there are valid grounds.
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