Winding Up of Company

Overview

Winding Up of Company is the legal process Taxeto manages to close and dissolve a company under the Companies Act, 2013, whether through voluntary strike-off, compulsory winding up ordered by the NCLT, or the Fast Track Exit route for inactive companies. Taxeto settles liabilities, prepares the required affidavits and Form STK-2, and follows through the MCA's public notice process until the company name is finally struck off the register.

Benefits

• Officially ends the company's legal existence
• Stops future annual filings and related compliance burden
• Allows proper settlement of outstanding liabilities
• Gives directors a clean exit from legal obligations

Eligibility

• Company should have no or minimal liabilities for strike-off
• Preferably no ongoing litigation
• All statutory filings should be up to date
• Shareholder approval needed for voluntary closure

Documents Required

1. 1Board resolution
2. 2Shareholder resolution
3. 3Statement of accounts
4. 4Indemnity bond
5. 5Affidavits by directors
6. 6Bank account closure proof
7. 7Form STK-2 (Strike Off application)

Process

1. 1

   Board Resolution

   Approve the closure of the company.

2. 2

   Clear Liabilities

   Settle all outstanding dues.

3. 3

   Shareholder Approval

   Pass a special resolution, if required.

4. 4

   File Application

   Submit Form STK-2 with the MCA.

5. 5

   Public Notice

   MCA issues a notice inviting objections.

6. 6

   Final Strike Off

   Company name is removed from the register.

Frequently Asked Questions