Introduction Company Strike off
There are various instances in the companies act 2013 based on which a company’s name can be
strike off from the register of companies by the ROC.
Also, the company, if not, carrying on the business operation can make an application to the
ROC to remove the name of the company from the register of companies.
One of the most important points that must be kept in mind is that the company must complete
all the pending compliances before making an application with the ROC for company strike
off.
Methods of Company Strike off
The following are the methods of company strike off :
- Company Strike off Suo Moto by the Registrar of companies: where the Registrar of
Companies issues a notice and order for striking off the name of the company
- Company strike off voluntarily by way of application to Registrar of companies:
where the company makes an application to the ROC voluntarily to strike off the company
name from the register of companies
Benefits of Company Strike off
The following are the benefits of Company strike off :
Saves the cost of Annual compliances: In case the company is not carrying any business
activity and is not proposed to do the same in the future, then the company should apply for
the company strike off to save the compliance cost of the company.
Reduces the compliance burden: If the company is not proposed to carry on the business
then it should apply to remove the name from the register of companies as it will reduce the
burden of being compliant.
Avoid notice from Registrar of companies: If the company makes an application
voluntarily to strike off its name then it will avoid the action from Registrar of companies
to initiate a suo-moto strike off by ROC
Grounds for Company strike off
The Application for Company strike off Suo-moto by ROC or by company can be made on the
following grounds:
- The Company has not commenced the business within one year of incorporation
- The company is not operating its business activities continuously for the last two
years.
- The Subscribers of the company failed to pay the subscription money and the company has
not filed form for commencement of business.
- The company is not carrying any of its business operations from the registered office of
the company.
How Rajput Jain and Associates can assist
We offer all kinds of Consultancy and Compliances Services in relation to Strike off of all
kinds of companies. We have impaneled various experts to provide the expert advisory and
Compliances services for Strike off of all types of companies.
The services that we offer include the following:
