HERE'S HOW IT WORKS
NOT ELIGIBLE TO APPLY FOR Voluntary winding up of company
NOT ELIGIBLE TO APPLY FOR closing LLP
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Strike Off means removing the name of the Company/LLP from the Register of Companies/LLPs maintained by the Registrar of Companies.
It is more like a Closure of the Company/LLP and the Company/LLP will not be in existence after being Struck Off and cannot perform any operation thereafter.
Shutting down a company is a long and complicated procedure. A Private Limited Company can be closed down in various manners depending on the requirements of the owner like the owner can sell the company or can close down the company by declaring the company as “Non-operational” (Striking off) and by winding up or dissolving the company.
Strike off can be done only after 1 yr of incorporation even without an annual filing of the Company provided DIN of Directors should be in active status.
Note: Filing of Commencement of business form is compulsory in order to strike off the Company.
When a company is struck off, the name would be removed from the company register and it can not trade in its name, sell its assets or make payments or even it can not get involved in any other business activities.
After getting the approval of STK-2, the Company’s Master Data changed with the title of “under process of strike off” and when the Company name is officially published in Official gazette (ROC) the status will be changed as “strike off.”
Yes. Consent of all the partners is required to file the application for closure an LLP
No. The Registrar usually not issue a certificate for closure of LLP. After the scrutiny of application, the Registrar will approve the application form. The status of LLP will be changed to ‘under the process of striking off’ and when the LLP name is officially published in Official gazette (ROC) the status will be changed as “strike off.”