Golden Verdict
Corporate Management

Close your company cleanly — without liabilities left behind.

Dormant or inactive companies carry ongoing compliance obligations. Winding up through the correct legal route — Fast Track Strike-Off or Voluntary Winding Up — removes all liabilities and delivers a clean closure.

Pricing

Pricing tailored to your specific requirements

Winding Up Company India MCA

Company Dissolved in 90 Days*

*Timeline is indicative and may vary based on document verification and government processing.

What is Winding Up of a Company?

Winding up is the process of formally closing a company and removing it from the MCA register. It involves settling all debts, distributing remaining assets to shareholders, and filing for dissolution with the Registrar of Companies. Under the Companies Act, 2013, a company can be wound up voluntarily in two main ways: (1) Fast Track Strike-Off under Section 248 — the simplest and quickest route, available for dormant companies with no assets, liabilities, or business activity for the past 1–2 years; (2) Voluntary Winding Up under the Insolvency and Bankruptcy Code (IBC), 2016 — for companies with assets and liabilities that must be realised and distributed before dissolution. A dormant company that continues to exist on MCA records without filing annual returns attracts daily penalties and director disqualification — making timely winding up critical for promoters.

Winding Up Routes

Fast Track Strike-Off (STK-2)

3–4 months

Eligibility: Dormant company with no assets, liabilities, or business activity for 1–2 years

Process: Board resolution → STK-2 application → ROC public notice (30 days) → Strike-off certificate

Cost: Low — ROC fees + professional charges

Voluntary Winding Up (IBC Section 59)

6–12 months

Eligibility: Company with assets/liabilities; solvent (can pay all debts in full)

Process: Board resolution → Declaration of solvency → Shareholder resolution → IP appointment → Asset realisation → Final distribution → NCLT dissolution order

Cost: Moderate — IP fees + NCLT filing fees + professional charges

Pre-Filing Requirements

  • File all pending ROC annual returns (AOC-4, MGT-7) up to the current year
  • File all pending Income Tax Returns (ITR) up to the current year
  • Obtain a 'No Objection' from the Income Tax Department if required
  • Close all bank accounts and ensure nil balance
  • Settle all outstanding liabilities — creditors, employees, vendors
  • Distribute remaining assets to shareholders and record distribution in minutes

Our Process

1

Assess eligibility: STK-2 (fast track) or IBC Voluntary Winding Up

2

Clear all pending ROC filings and ITR filings before application

3

Obtain NOC from secured creditors if applicable

4

Pass Board Resolution and Shareholders' Special Resolution for winding up

5

File Form STK-2 on MCA portal (for fast track) — with indemnity bond and statement of accounts

6

ROC publishes public notice — 30-day objection window

7

ROC issues Strike-off Notice in Official Gazette — company is dissolved

8

For IBC route: IP appointed, assets realised, creditors paid, NCLT dissolution order obtained

How It Works

1

Share Your Details

Fill a short form or call us. We collect your requirements and all documents online — no physical visit needed.

2

Expert Assignment

A dedicated specialist with expertise in your service category is assigned to your case within 24 hours of payment.

3

Work in Progress

Your expert prepares documents, files applications with the relevant authority, and follows up on your behalf.

4

Delivery

Your registration certificate, legal document, or filed return is delivered digitally to your Golden Verdict dashboard.

Corporate Management service

Get Your Company Dissolved Without Any Hassle

Eligibility assessment (STK-2 vs Voluntary), STK-2 application, ROC public notice, ITR filings, liquidator appointment if required, and final dissolution order.

Pricing

Custom Quote

Pricing tailored to your specific requirements

Why Golden Verdict For
Winding Up of a Company?

Many entrepreneurs who start companies but never begin operations — or pivot away from their original business — leave dormant companies on MCA records for years, accumulating penalties and default notices. Golden Verdict assesses whether your company qualifies for the Fast Track STK-2 route (no pending litigation, no assets, no liabilities, no business for 1–2 years) and manages the complete process. For companies with assets or liabilities, we advise on the Voluntary Winding Up route under the IBC and coordinate with a licensed Insolvency Professional (IP). We also file all pending ITRs before submission of the STK-2 application.

A dormant company left unclosed is a liability waiting to find you. Golden Verdict closes the chapter properly.

Expert legal team at Golden Verdict

Frequently Asked Questions

What is the Fast Track Strike-Off (STK-2)?+
The Fast Track Strike-Off under Section 248 of the Companies Act allows companies to apply for removal from MCA's register by filing Form STK-2. Eligibility: (1) company has not commenced business since incorporation, or (2) has not been carrying on business for 2 immediately preceding financial years, and has no pending legal proceedings. ROC issues a public notice (30-day objection period) before striking off.
What are the eligibility conditions for STK-2?+
STK-2 eligibility requires: (1) No pending litigation in any court or tribunal, (2) No pending inspection or investigation by government authorities, (3) No assets or liabilities (or minimal that can be extinguished before filing), (4) No active income, transactions, or bank account activity, (5) All pending ITRs and ROC returns filed up to the current year.
What happens if a company with pending dues applies for STK-2?+
If a company with outstanding liabilities (creditors, bank loans, employee dues) applies for STK-2, the ROC may reject the application. Creditors can object during the 30-day public notice period. The correct route for companies with liabilities is Voluntary Winding Up under IBC Section 59.
Who is an Insolvency Professional (IP)?+
For Voluntary Winding Up under IBC Section 59, the company must appoint a licensed Insolvency Professional (IP) as Liquidator. The IP realises assets, pays creditors, and distributes the remaining surplus to shareholders. The IP files a final report with the NCLT for the dissolution order.
Can directors of a struck-off company be disqualified?+
Yes. If a company is struck off by the ROC suo motu (due to non-compliance rather than a voluntary STK-2 application), directors are automatically disqualified under Section 164(2) for 5 years from holding any directorship. This is why proactive voluntary winding up is strongly recommended over passive neglect.
What happens to the company's bank accounts after winding up?+
All bank accounts must be closed before or as part of the winding up process. For STK-2, the company's bank account must show nil balance and be closed before filing. Any remaining balance must be distributed to shareholders as final distribution of assets.
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Ready to get your Winding Up of a Company?

Dormant or inactive companies carry ongoing compliance obligations. Winding up through the correct legal route — Fast Track Strike-Off or Voluntary Winding Up — removes all liabilities and delivers a clean closure.

“A dormant company left unclosed is a liability waiting to find you. Golden Verdict closes the chapter properly.”

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