List
×
- Be an Entrepreneur
- Business Incorporation
- Licenses & Registrations
- Start Up Services
- Designing & Marketing
- Virtual CFO
- Shared CFO Services
- Reporting
- Other Accounts Support
- GST
- GST Services
- GST Compliance
- GST Assistance
- Income Tax
- Income Tax Return
- Tax Assistance
- Tax Litigation
- TDS, TCS and Advance Tax
- Compliances
- Corporate Compliance
- Auditor of a Company
- LLP Compliance
- Company Changes
- ROC Annual Filing
- Closure
- Blog
- Login / Register
Benefits of Striking-Off a Company
- Everything You Need to Know -
No Compliance Burden
An inactive company still has to meet regular compliance requirements. Striking it off removes this ongoing obligation, saving time and effort. This also ensures you no longer incur unnecessary administrative costs. It provides peace of mind, knowing the company no longer needs to adhere to complex legal requirements.
Avoiding Penalties
Inactive companies that fail to meet compliance requirements face significant penalties. Striking off ensures you avoid these costs, preventing future financial strain. It helps you protect your business from unnecessary fines and legal complications. This also minimizes the risk of the company being scrutinized for non-compliance.
Efficient Resource Utilization
If a company is no longer viable, keeping it active wastes valuable resources. Striking it off allows you to redirect those resources toward more productive purposes. This is especially helpful if you wish to focus on more profitable ventures. It gives you a clean slate to invest in projects with more potential.
Documents Required For Company Strike OFF
Resolutions & Declarations
1. Board Resolution
2. Affidavit by Directors
3. Indemnity Bond
Financial And Taxation Documents
4. Auditor's Certificate
5.Copy of Filed Income Tax Returns
6.NOC From Creditors
Company Information & Filing Forms
7. Proof of Ownership
8. Form STK-2
9. Copy of the MOA and AOA
on Google