Private Limited Company Closure
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5,752+ Five Star Google Reviews
Saved Crores of Rupees & Millions of Startup Hours
Best Mobile App Experience
18,000+ Startups Served Across India
HERE'S HOW IT WORKS
1. Request a Quote
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2. Payment Processing
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3. Document Submission
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4. Receive your Work
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Private Limited Company Closure
Private Limited Company Closure in India
Legally Close Your Inactive or Unwanted Private Limited Company with Expert Guidance
Overview
A Private Limited Company that is inactive, non-operational, or no longer required can be officially closed through a legal process governed by the Ministry of Corporate Affairs (MCA). Whether due to business failure, restructuring, or compliance costs, SSA Tax offers comprehensive assistance in company closure or strike-off under the Companies Act, 2013.
Why Close a Private Limited Company?
Discontinuation of business operations
Avoid ongoing compliance and penalties
No active financial transactions or liabilities
Business conversion or merger
Legal requirement to strike off dormant companies
Methods of Company Closure
1. Fast Track Exit (FTE) – Strike Off (Section 248 of Companies Act)
Applicable when:
No operation for last 2 years, or
Not commenced business within 1 year of incorporation
2. Voluntary Winding Up
For companies with assets/liabilities, or where settlement with creditors is required.
Documents Required for Closure
| Document | Description |
|---|---|
| Board Resolution | For closure decision |
| Affidavit & Indemnity Bond | By all directors |
| Statement of Accounts | Not older than 30 days |
| PAN & Incorporation Documents | COI, MOA, AOA |
| ITR Acknowledgement | For last financial year |
| Bank Closure Certificate | If account closed |
| Consent Letters | From directors & shareholders |
Step-by-Step Closure Process
| Step | Activity |
|---|---|
| 1 | Hold board meeting to approve closure |
| 2 | Prepare affidavits, indemnity bonds, and accounts |
| 3 | File Form STK-2 with MCA |
| 4 | MCA and ROC verify and publish notice |
| 5 | Company name is officially struck off |
Typical Timeline: 30–45 working days
Conditions to Be Met
No liabilities or pending dues
No pending litigation or disputes
Company must not have changed its name or engaged in business recently
Bank accounts should be closed and cleared
Frequently Asked Questions (FAQs)
Q1. Can I close a company without any operations since incorporation?
Yes, under Fast Track Exit if no operations commenced within 1 year.
Q2. What if the company has pending liabilities?
You’ll need to go through voluntary liquidation instead of strike-off.
Q3. Can the company name be reused later?
No, the same name can’t be reused immediately after strike-off.
Q4. Is Director's DIN affected by strike-off?
No, DIN remains active and usable for future directorships.
Why Choose SSA Tax?
End-to-End Legal Documentation
Complete ROC & MCA Handling
Dedicated Legal & CA Support
Transparent Pricing
Time-Bound Processing
What Clients Say
"SSA Tax handled the closure of my private limited company smoothly with no hassle. Highly professional and timely support."
– Ankit Jain, Ex-Founder, Finwise Tech Pvt. Ltd.
Get Started Now
Email: info@ssatax.in
Call/WhatsApp: +91-9773346539/38/34
Website: www.ssatax.in
Request a Free Consultation
Don’t Let a Dormant Company Become a Liability!
Close it legally and cleanly with expert assistance from SSA Tax.