Overview
Section 248, Companies ActCompany Winding Up via Strike Off (Section 248 of Companies Act, 2013)is a simplified process for defunct companies with no assets or liabilities to voluntarily close their registration. The company files Form STK-2 with the ROC, publishes a public notice, and upon approval, the company name is removed from the register. This ends all future compliance obligations while providing legal closure. For companies with creditors or assets, formal winding up via Tribunal may be required.
Voluntary Strike Off
Simplified closure for defunct companies under Section 248
Tribunal Winding Up
Formal liquidation process for companies with creditors/assets
Legal Protection
Indemnity bonds & affidavits protect directors from future claims
Eligibility Criteria
Defunct Company Status
No business operations or transactions for 2+ years
Nil Assets & Liabilities
All debts settled or creditor consents obtained
No Pending Litigation
No ongoing court cases, prosecutions, or investigations
Shareholder Approval
Special Resolution (75% majority) or consent of 75% members by value
Unsure if your company qualifies? Get free eligibility assessment.
Required Documents
Board Resolution
Approving strike off application & authorizing filing
Special Resolution/Consent
75% shareholder approval by value or written consent
Indemnity Bond (STK-3)
Notarized bond by directors indemnifying against future claims
Affidavit (STK-4)
Sworn statement confirming nil assets/liabilities
Statement of Accounts
Audited/CA-certified statement showing nil assets & liabilities
Creditor Consents
NOCs from all creditors if any liabilities existed
Pro tip: File pending returns (AOC-4, MGT-7) before STK-2 — ROC may reject incomplete filings.
Winding Up Process
~4-6 monthsEligibility Assessment
2-3 daysVerify defunct status, clear liabilities & obtain consents
Board & Shareholder Approval
3-5 daysPass resolutions for strike off & authorize filing
STK-2 Filing
5-7 daysFile Form STK-2 with MCA along with indemnity & affidavits
ROC Approval & Strike Off
30-60 daysReceive ROC notice, publish in gazette, company name removed
Why Proper Company Closure?
End compliance burdens legally while protecting directors from future liabilities.
End Compliance Obligations
No more annual filings, penalties, or ROC notices after strike off
Director Protection
Indemnity bonds & proper process shield directors from future claims
Clean Legal Closure
Official ROC approval provides documented proof of company closure
Cost Effective
Strike off is significantly cheaper than Tribunal winding up process
Frequently Asked Questions
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