Closing a Company in India
Easy & Legal Way to Close Your Company (Strike Off Process)
Close Your Company – Starting at ₹7,999 + Govt Fees
If your company is no longer running, not making profits, or you simply don’t want to continue, you cannot just leave it inactive.
Under the Companies Act, 2013, you must legally close your company by following a proper process with the Registrar of Companies (ROC).
Closing your company the right way helps you:
Avoid heavy penalties and late fees
Stop yearly compliance burden
Exit your business cleanly and legally
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What Does “Closing a Company” Mean?
Governed by the LLP Act, 2008, it's especially popular among professionals, service providers, and startups looking for an efficient, low-compliance setup — without risking personal assets.
Once your company is closed:
You cannot do any business in its name
No need to file annual returns
No compliance or penalties going forward
The most common and easiest way is called: Strike Off (Fast Track Closure)
This is ideal for small businesses and startups that are inactive.
When Should You Close Your Company?
You should consider closing your company if:
Your business is not active anymore
You are facing continuous losses
You started a company but never used it
You want to avoid yearly ROC compliance
Your business goal is completed
Partners/founders want to exit
Real-life examples:
A startup that never started operations
A business shut down after losses
A company created for a short-term project
If your company is inactive, closing it early saves money and stress.
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Step-by-Step Process to Close a Company in India
Step 1
Check Eligibility
Your company should:
- Have no business activity
- Have no loans or liabilities
Step 2
Close Bank Account & Clear Dues
- Pay off all debts
- Close company bank account
- Settle taxes (if applicable)
Step 3
Board Meeting
- Directors decide to close the company
- Approval is recorded officially
Step 4
Shareholder Approval
- Shareholders approve closure
- Special Resolution is passed
Step 5
File Application (STK-2)
- Submit closure form to ROC
- Attach required documents
Step 6
Company Gets Closed
- ROC reviews application
- Public notice is issued
- If no objections → company is closed
Documents Required for Company Closure
You’ll need:
Board Resolution
Shareholder Approval (Special Resolution)
Indemnity Bond
Affidavit from Directors
Latest Financial Statement (CA Certified)
PAN & ID Proof of Directors
Bank A/c Closure letter
Don’t worry — experts usually prepare all documents for you.
Cost of Closing a Company in India
Complete Documentation
ROC Filing (STK-2)
Expert Support from Start to Finish
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Cost of Closing a Company in India
Here’s a simple cost breakdown:
Government Fee:
• ₹10,000 (fixed ROC fee)
Professional Fee:
• Depends on complexity and pending compliance
Total cost usually starts from ₹7,999 + Govt Fees
FAQs – Company Closure Made Simple
The easiest method is Strike Off (STK-2), which is suitable for companies that are not active and have no liabilities.
Yes, such companies are commonly closed using the strike off method.
Yes, through legal process (NCLT), within a time limit.
Yes. The company must have zero liabilities — including loans, creditors, and taxes — before filing for strike off.
Form STK-2 is the official application filed with ROC to request removal (strike off) of the company name.
No. You must close the company’s bank account before applying for closure.
You may face:
• Heavy penalties
• Late filing fees
• Director disqualification in some cases
Yes. Such companies are ideal candidates for strike off, as long as they meet eligibility conditions.
Yes. The ROC issues a strike-off notice, and your company status will be updated as “Strike Off.”
Yes. Directors can start a new company anytime, provided there are no compliance issues or disqualifications.
• Strike Off – For inactive companies (simple & quick)
• Winding Up – For companies with liabilities or disputes (complex process)
No, unless there are unpaid loans or defaults linked to directors.
Close Your Company without Hassle
Stop worrying about penalties and compliance. Close your company the right way.