Close Your Pvt Ltd, LLP, OPC, or Partnership Legally - Starting @ ₹4,999 Only
MCA strike off (STK-2), NCLT winding up, and registration cancellation for all 10 entity types. 100% online. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Form STK-2 Filing with MCA
Board & Shareholder Resolutions
Certified Statement of Assets & Liabilities
Indemnity Bond & Affidavit Preparation
Pending Compliance Clearance (AOC-4, MGT-7)
GST Cancellation (REG-16) Support
Final Income Tax Return Filing
Director DIN Protection
Post-Closure Compliance Guidance
All 10 Entity Types Covered
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Close Your Company - Get Free Assessment?
Expert team assists with your entire closure. MCA strike off from ₹4,999. All 10 entity types covered.
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From compliance clearance to final strike off, we assist with every step of the closure process.
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Company Closure Package
From ₹4999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Form STK-2 Filing with MCA
Board Resolution Drafting
Special Resolution (EGM)
Indemnity Bond Preparation
Certified Statement of Assets & Liabilities
Director Affidavit Drafting
Pending AOC-4 & MGT-7 Filing Assistance
GST Cancellation Support (REG-16)
Final Income Tax Return Guidance
DIN Protection & Post-Closure Support
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
Business closure is the legal process of dissolving a registered business entity by filing prescribed forms with the MCA or relevant authority, settling all liabilities, and removing the entity's name from official government records permanently.
Business closure in India covers the dissolution of any registered entity, from Private Limited Companies and LLPs to Sole Proprietorships, Trusts, and Societies. The Companies Act, 2013 provides two primary routes for company closure: voluntary strike off under Section 248(2) using Form STK-2, and compulsory winding up by the NCLT under Sections 271-365. LLPs follow the LLP Act, 2008, using Form 24 for strike off. Partnership firms dissolve under Sections 39-44 of the Indian Partnership Act, 1932. Sole proprietorships require cancellation of all registrations (GST, Shops & Establishment, MSME). All company and LLP closure forms are filed digitally through the MCA V3 portal.
The process typically involves clearing pending compliances, obtaining board and shareholder approval, filing the closure application, and completing post-closure formalities. Costs range from ₹2,999 for sole proprietorship closure to ₹50,000+ for NCLT winding up, with standard company strike off starting at ₹4,999 in professional fees. Based on our experience assisting with 1,000+ company closures across India, over 90% of closures follow the STK-2 strike off route when the company has NIL liabilities. If your entity is still viable but needs restructuring, consider whether you should convert your business structure instead of closing it.
Companies Act, 2013: Sections 248-252 (Strike Off), Sections 271-365 (Winding Up), Section 455 (Dormant Status) LLP Act, 2008: Sections 63-65 (Winding Up and Dissolution), Section 64 (Tribunal Winding Up) Indian Partnership Act, 1932: Sections 39-44 (Dissolution) IBC, 2016: Section 59 (Voluntary Liquidation) Regulator: Ministry of Corporate Affairs (MCA), National Company Law Tribunal (NCLT)
Parameter
Details
Governing Law
Companies Act, 2013; LLP Act, 2008; Indian Partnership Act, 1932
Regulator
Ministry of Corporate Affairs (MCA), NCLT
Processing Time
3 to 6 months (company); 2 to 4 weeks (sole proprietorship)
Government Fee
₹200 to ₹600 (company); ₹50 to ₹200 (LLP)
Professional Fee
Starting ₹4,999
Types of Business Entities You Can Close
Different business structures require different closure procedures, forms, and regulatory approvals. IncorpX covers all 10 entity types registered in India. Select your entity type to see the specific closure process, cost, and timeline:
Societies Registration Act, 1860 | State authority | 2 to 6 months | From ₹5,999
Reasons to Close a Company in India
Business owners close companies for commercial, legal, or strategic reasons. Understanding your reason helps determine the right closure method and urgency:
Inactive or Dormant Company
No business operations for 2+ years makes the company eligible for Section 248 strike off. Keeping it active means paying ₹10,000 + ₹100/day per pending form in penalties for unfiled AOC-4 and MGT-7 returns.
Director Disqualification Risk
Directors of companies that fail to file annual returns for 3+ years face 5-year disqualification under Section 164(2). This blocks all new directorships across every company in India.
Accumulated Penalty Liability
Late filing penalties of ₹10,000 + ₹100 per day per form add up fast. A company with 2 pending forms for 3 years accumulates ₹2,39,000 in MCA penalties alone, excluding income tax and GST penalties.
Business Model Pivot
If your business needs a different entity structure (LLP instead of Pvt Ltd, or vice versa), closing the current entity and re-registering is sometimes more practical than conversion.
Partner or Shareholder Disputes
Irreconcilable disagreements among partners or shareholders can make continued operations impossible. Partnership dissolution under Section 44 allows court-ordered closure on grounds of persistent breach.
Business No Longer Profitable
Companies consistently running at a loss with no recovery plan should close before liabilities grow further. Voluntary strike off is the cleanest exit when the company has NIL liabilities.
Not closing an inactive company leads to automatic penalties of ₹10,000 + ₹100/day per pending form (capped at ₹2 lakh per form). Directors risk 5-year disqualification under Section 164(2). A company inactive for 3 years with 2 pending forms accumulates ₹2,39,000 in MCA penalties alone.
Methods of Company Closure in India
The Companies Act, 2013 and related statutes provide three primary routes for closing a company. The right method depends on liabilities, asset value, and compliance status:
Parameter
Strike Off (STK-2)
NCLT Winding Up
IBC Section 59 Liquidation
Applicable Section
Section 248(2), Companies Act
Sections 271-365, Companies Act
Section 59, IBC 2016
Initiated By
Company (voluntary)
Creditor, Company, or RoC
Company (solvent only)
Eligibility
NIL liabilities, no operations for 2 years
Any company, especially insolvent
Solvent company, assets above ₹1 crore
Timeline
3 to 6 months
1 to 3 years
12 months maximum
Total Cost
₹5,000 to ₹8,000
₹50,000+
₹50,000+
Complexity
Low to Medium
High
Medium to High
Director Impact
No disqualification
Case-dependent
No disqualification
Best For
Inactive companies with NIL liabilities
Companies with creditor disputes or debts
Solvent companies with significant assets
Have liabilities? NCLT winding up is your only option. No liabilities, assets under ₹1 crore? STK-2 strike off is the fastest and cheapest route. No liabilities, significant assets? IBC Section 59 voluntary liquidation ensures orderly asset distribution. Based on our experience assisting with 1,000+ closures, over 90% of companies qualify for the STK-2 route. The #1 mistake business owners make is delaying closure while penalties accumulate; every month of delay adds approximately ₹6,000 in continuing MCA penalties alone for 2 pending forms.
Cost of Closing a Company in India (2026)
Company closure costs vary based on entity type, pending compliances, and closure method. Here is a complete cost breakdown for all 10 entity types:
Entity Type
IncorpX Fee (From)
Government Fee
Total Estimated Cost
Timeline
Private Limited Company
₹4,999
₹200 to ₹600
₹5,000 to ₹6,000
3 to 6 months
LLP
₹4,999
₹50 to ₹200
₹5,000 to ₹5,200
3 to 5 months
OPC
₹4,999
₹200 to ₹600
₹5,000 to ₹6,000
3 to 6 months
Sole Proprietorship
₹2,999
NIL
₹2,999
2 to 4 weeks
Partnership Firm
₹3,999
Stamp duty (varies)
₹4,000 to ₹5,000
2 to 4 weeks
Nidhi Company
₹7,999
₹200 to ₹600
₹8,000 to ₹9,000
4 to 8 months
Section 8 Company
₹7,999
₹200 to ₹600
₹8,000 to ₹9,000
3 to 6 months+
Public Limited Company
₹9,999
₹200 to ₹600
₹10,000 to ₹11,000
4 to 8 months
Trust
₹5,999
Stamp duty (varies)
₹6,000 to ₹8,000
2 to 6 months
Society
₹5,999
State fee (varies)
₹6,000 to ₹8,000
2 to 6 months
NCLT Winding Up
₹50,000+
₹5,000+ court fees
₹55,000+
1 to 3 years
Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Additional costs to consider:
DSC renewal: ₹1,000 to ₹2,000 (if expired)
Late filing penalties: ₹10,000 + ₹100/day per form for pending AOC-4, MGT-7 (max ₹2 lakh per form for company, ₹50,000 per officer)
Stamp duty on indemnity bond/dissolution deed: ₹100 to ₹500 (varies by state)
Expert certification for Statement of Assets & Liabilities: included in IncorpX package
IncorpX at ₹4,999 is competitively priced for company closure assistance. IndiaFilings charges ₹7,999 and Enterslice charges ₹10,000+ for similar Pvt Ltd strike off packages.
A Delhi-based Pvt Ltd company with 3 years of pending AOC-4 and MGT-7 returns approached IncorpX in January 2025. Total MCA penalties cleared: ₹2,39,000. Our Expert Team filed all pending returns, prepared STK-2 documents, and facilitated the strike off in 98 days. Total cost including penalties, government fees, and professional fees: ₹2,45,000. Without IncorpX, the directors faced imminent Section 164(2) disqualification.
Documents Required for Company Closure
Document requirements vary by entity type. Here is a complete checklist for the three most common closure types:
Special Resolution75% shareholder majority, filed as MGT-14
Certified Statement of Assets & LiabilitiesDated within 30 days of STK-2 filing
Indemnity BondFrom all directors on stamp paper (₹100 to ₹500 stamp duty)
Sworn AffidavitConfirming no pending liabilities or litigation
NOC from Regulatory AuthoritiesIf industry-specific licences are held
For LLP Closure (Form 24)
LLP AgreementOriginal or certified copy
Consent LettersFrom all designated partners
Form 8 & Form 11Statement of Account and Annual Return filed up to date
Statement of Assets & LiabilitiesShowing NIL balances
Valid DSCOf designated partner
For Partnership/Sole Proprietorship
Dissolution DeedOn stamp paper (partnership only, signed by all partners)
GST Registration DetailsFor REG-16 cancellation
Shops & Establishment LicenceFor surrender
MSME/Udyam Registration DetailsFor deregistration
Bank Account DetailsFor account closure
Ensure your DSC is valid before starting the process. An expired DSC costs ₹1,000 to ₹2,000 to renew and takes 1 to 2 working days. IncorpX can handle DSC renewal as part of your closure package.
Step-by-Step Company Closure Process
The standard company closure via STK-2 strike off takes 7 steps, 90 to 180 days, and costs ₹5,000 to ₹6,000 in total (professional + government fees). Here is the complete process:
Step 1: Clear All Pending Compliances
File all pending annual returns (AOC-4, MGT-7) and income tax returns up to the date of closure application. Late filing attracts ₹10,000 + ₹100/day/form penalty (capped at ₹2 lakh per form), so calculate and clear all outstanding amounts. File all pending GST returns (GSTR-3B, GSTR-1) to bring the company to compliant status. If you need help with pending compliance filing, IncorpX can assist.
Portal: www.mca.gov.in, www.incometax.gov.in | Time: 7 to 15 working days
Step 2: Close or Zero-Out Bank Accounts
Transfer all remaining funds and close the company bank accounts. The bank account must show NIL balance or be formally closed before filing the closure application. Obtain bank closure confirmation letters from each bank where the company holds accounts. Close fixed deposits and demat accounts as well.
Time: 3 to 7 working days
Step 3: Pass Board and Shareholder Resolutions
Hold a Board Meeting to pass a resolution for company closure. Follow up with a Special Resolution (75% majority) at an Extraordinary General Meeting (EGM). File MGT-14 with MCA within 30 days of passing the special resolution. For OPCs, the sole member's written consent replaces the EGM requirement.
Form: MGT-14 | Time: 7 to 14 working days
Step 4: Obtain Certified Statement of Assets and Liabilities
Get a practising Tax Professional to certify that the company has NIL liabilities and NIL assets (or all assets have been distributed). This statement must be dated not earlier than 30 days before the STK-2 filing date. The Expert also certifies that all statutory dues have been cleared.
Time: 3 to 5 working days
Step 5: Prepare Indemnity Bond and Affidavit
Draft and execute an indemnity bond on non-judicial stamp paper (stamp duty varies by state, ₹100 to ₹500). Every director must sign the bond. Prepare a sworn affidavit confirming no pending liabilities, litigation, or regulatory proceedings against the company.
Time: 2 to 3 working days
Step 6: File Form STK-2 with MCA
Upload Form STK-2 on the MCA V3 portal with all attachments (resolutions, indemnity bond, affidavit, Statement of Assets & Liabilities, NOCs). Government fee is ₹200 to ₹600 based on authorised capital slab. The form must be digitally signed by the authorised director and certified by a qualified professional. Based on our experience assisting with 1,000+ filings, RoC processing typically takes 60 to 90 days after the 30-day public notice period.
Portal: www.mca.gov.in | Fee: ₹200 to ₹600 | Time: 60 to 90 days for RoC processing
Step 7: Complete Post-Closure Formalities
After the RoC strikes off the company name (typically 60 to 90 days after STK-2 filing), cancel GST registration by filing REG-16, file the final income tax return (ITR-6), deregister from PF/ESI if applicable, and retain books of account for 8 years as required under Section 128(5).
Time: 15 to 30 working days
Filing STK-2 without clearing all pending AOC-4 and MGT-7 returns results in automatic rejection by the RoC. Ensure all annual returns are filed and penalties paid before submitting the strike off application.
Expert team assists with your entire closure process. All documents prepared, all forms filed.
Consequences of Not Closing a Company Properly
Abandoning a company without formal closure triggers automatic penalties and legal actions that compound over time. Here are the 6 consequences every director and partner must understand:
Consequence
Detail
Impact Level
Director Disqualification
Section 164(2) bars directors from all companies for 5 years
HIGH
Financial Penalties
₹10,000 + ₹100/day per form for AOC-4 and MGT-7 (max ₹2L per form); can accumulate to ₹2,39,000+ in 3 years
HIGH
CIBIL Score Impact
Struck-off company directors face credit score downgrades affecting personal loans
MEDIUM
Personal Liability
Directors remain personally liable for unpaid company debts and statutory dues
HIGH
DIN Deactivation
Director Identification Number gets deactivated; no DIR-3 KYC filing possible
HIGH
Criminal Proceedings
Section 450 continued default penalties; possible prosecution for fraud
MEDIUM
A company inactive for just 3 years with 2 pending forms accumulates ₹2,39,000 in MCA penalties ((₹10,000 + ₹100 × 1,095 days) × 2 forms). This excludes income tax penalties, GST penalties, and potential director disqualification. The longer you wait, the more expensive closure becomes.
Closure Method Comparison by Entity Type
Each entity type follows a different closure process governed by different Acts. Use this comparison to identify the exact form, fee, and timeline for your entity:
Strike off is the fastest and most cost-effective route but requires NIL liabilities and no active operations for the specified period. If your company has outstanding debts or pending litigation, voluntary liquidation or NCLT winding up is the appropriate method.
Legal Framework for Business Closure in India
Company strike off under Section 248 of the Companies Act, 2013 is the removal of a company's name from the MCA Register of Companies, effectively dissolving the entity. Business closure in India is governed by multiple statutes depending on the entity type and closure method. Here are the key legal provisions:
Section 248, Companies Act, 2013: Company Strike Off
Section 248 empowers the Registrar of Companies to remove a company from the register. Section 248(1) covers suo motu strike off (STK-1) when a company fails to file returns for 2+ years. Section 248(2) covers voluntary application (STK-2) by the company after obtaining a special resolution and NIL liability certificate. The RoC publishes a 30-day public notice before final strike off. Directors of suo motu struck-off companies face disqualification under Section 164(2) for 5 years.
Sections 271-365, Companies Act, 2013: NCLT Winding Up
Compulsory winding up is ordered by the NCLT under Section 271 on grounds including inability to pay debts, fraudulent conduct, or public interest. The Tribunal appoints an official liquidator to sell assets and distribute proceeds to creditors in priority order. The process takes 1 to 3 years and costs ₹50,000+ in professional and court fees. This route is mandatory for companies with significant unpaid debts or pending creditor disputes.
Section 59, Insolvency and Bankruptcy Code, 2016: Voluntary Liquidation
Section 59 IBC allows solvent companies and LLPs to voluntarily liquidate. It requires a declaration of solvency, special resolution, appointment of an insolvency professional as liquidator, and approval from 2/3 value of creditors within 30 days. The liquidation must complete within 12 months. This route suits companies with assets exceeding ₹1 crore that need orderly distribution.
LLP Act, 2008: Sections 63-65 and Section 64
LLP closure follows two routes: Form 24 strike off under Rule 37(1) of LLP Rules for inactive LLPs with NIL liabilities, and Tribunal-ordered winding up under Section 64 for LLPs unable to pay debts exceeding ₹1 lakh. All designated partners must consent for voluntary closure. Form 24 government fee is only ₹50 to ₹200, making LLP closure the most affordable entity closure in India.
Indian Partnership Act, 1932: Sections 39-44
Section 39 provides dissolution by mutual agreement. Section 40 covers compulsory dissolution when partners become insolvent or the business becomes unlawful. Section 44 enables court-ordered dissolution on grounds of a partner's insanity, permanent incapacity, wilful breach, or continuous losses. A Dissolution Deed signed by all partners on stamp paper is the primary document.
Special Entity Rules: Nidhi, Section 8, Trust, Society
Nidhi companies must settle all member deposits and obtain NOC from the Regional Director under Rule 23 of Nidhi Rules, 2014. Section 8 companies require licence revocation by the Central Government under Section 8(9), with remaining assets transferred to another Section 8 entity with similar objects. Trusts dissolve per deed provisions or by Civil Court petition under the Indian Trusts Act, 1882. Societies follow state-specific dissolution procedures under the Societies Registration Act, 1860.
All legal references on this page are verified against official MCA circulars and the Companies Act, 2013 (MCA e-book). Fee schedules are current as of June 2026. IncorpX is a registered company (CIN available on request) with a qualified professional and professionals on staff. All closure filings are backed by our service guarantee: if we cannot assist with filing your application, you receive a full refund.
Post-Closure Compliance Checklist
Company closure does not end with the strike-off order or dissolution certificate. Complete these 8 post-closure obligations to avoid personal liability:
Cancel GST Registration: File GST cancellation via Form REG-16 on the GST portal. Submit GSTR-10 final return within 3 months of cancellation declaring closing stock and tax liability.
Deregister from PF/ESI: File final PF and ESI returns, clear all employee dues (gratuity, leave encashment), and close the employer code with EPFO and ESIC.
Cancel Professional Tax Registration: Submit cancellation application with the state municipal authority. Process varies by state.
Surrender Shops & Establishment Licence: Cancel the licence with the local municipal corporation where the registered office was located.
Close All Bank Accounts: Close current accounts, fixed deposits, and demat accounts. Banks require a certified copy of the strike-off order and a board resolution authorising closure.
Retain Books of Accounts for 8 Years: Section 128(5) of the Companies Act requires preservation of financial records for 8 years from the date of dissolution. These records are needed for tax assessments or legal disputes.
Notify All Stakeholders: Send formal closure notices to clients, vendors, employees, banks, insurance companies, and regulatory authorities. Terminate ongoing contracts and update government portal registrations.
IncorpX assists with complete post-closure compliance covering final ITR filing, GST cancellation, bank account closure coordination, PF/ESI deregistration, and stakeholder notification letters. Our in-house business professionals (qualified professionals) support directors with every post-closure obligation to help avoid personal liability after strike off.
Why Choose IncorpX for Company Closure?
Competitive Pricing
Company closure starting at ₹4,999, competitively priced among major service providers. 100% money-back guarantee if we cannot assist with your closure application.
Expert Team
Dedicated Tax and Compliance Professionals assist with your entire closure. Our team has supported 1,000+ closures across all RoC jurisdictions since 2019. STK-2 certification by practising professionals included.
100% Online Process
No RoC office visits required. Everything filed digitally via MCA V3 portal with DSC. Track your closure progress in real-time from your IncorpX dashboard. Available across web, WhatsApp, and email support channels.
All 10 Entity Types Covered
Covering Pvt Ltd, LLP, OPC, Partnership, Sole Prop, Nidhi, Section 8, Public Ltd, Trust, and Society closures across all entity types.
DIN Protection Support
We assist with clearing all compliances before filing, helping protect your DIN from Section 164(2) disqualification. Your future directorships stay safe.
Post-Closure Support
GST cancellation, final ITR filing, PF/ESI deregistration, and book retention guidance included. Complete legal closure with zero loose ends.
If your business is still viable, business conversion services (starting ₹7,999) let you change entity type without closing.
FAQs on Business Closure in India (2026)
Have questions about closing your company? Whether you need to strike off a private limited company, close an LLP, or wind up through NCLT, we have compiled expert answers covering all 10 entity types, legal requirements under Section 248, Sections 271-365, and Section 59 IBC, MCA filing procedures, costs, and post-closure compliance.
Business closure is the legal process of removing a registered entity from MCA records. Under Section 248 of the Companies Act, 2013, a company can be struck off voluntarily by filing Form STK-2 with the Registrar of Companies. The process takes 3 to 6 months and applies to Pvt Ltd, OPC, and Public Limited Companies.
Failing to close an inactive company leads to director disqualification under Section 164(2) for 5 years, blocking new directorships. Pending annual return penalties include ₹10,000 + ₹100 per day per form (AOC-4, MGT-7), capped at ₹2 lakh per form. Your CIBIL score is also affected, making it harder to obtain bank loans or credit.
Yes. Under Section 252 of the Companies Act, 2013, a struck-off company can be revived by filing an application with the NCLT within 20 years of the strike-off date. The applicant must pay all pending fees, file overdue returns, and submit Form 9 along with a ₹2,500 DD challan.
During voluntary strike off via Form STK-2, the company must have NIL assets and NIL liabilities at the time of application. All assets must be distributed or transferred before filing. For NCLT winding up under Sections 271-365, a liquidator is appointed to sell assets and distribute proceeds to creditors in priority order.
Dormant status under Section 455 keeps the company active on MCA records with reduced compliance (no AOC-4 or MGT-7 filing). Company closure via Section 248 strike off permanently removes the entity. Dormant status suits companies planning to resume operations; closure suits entities with no future business intent.
If the RoC strikes off a company suo motu under Section 248(1) for non-filing, directors face disqualification under Section 164(2) for 5 years. This blocks all new directorships. Voluntary strike off via STK-2 does not trigger disqualification since the company clears all compliances before filing.
STK-1 is initiated by the Registrar of Companies (RoC) for suo motu strike off of companies that have not filed returns for 2 or more consecutive years. STK-2 is the voluntary application filed by the company itself under Section 248(2). STK-1 leads to director disqualification; STK-2 does not.
NCLT winding up is compulsory dissolution ordered by the National Company Law Tribunal under Sections 271-365 of the Companies Act, 2013. Grounds include inability to pay debts, fraudulent conduct, or public interest. The process takes 1 to 3 years, costs ₹50,000+ in professional fees, and involves appointment of an official liquidator.
Section 59 of the Insolvency and Bankruptcy Code, 2016 allows solvent companies and LLPs to voluntarily liquidate. It requires a declaration of solvency, special resolution, appointment of an insolvency professional as liquidator, and completion within 12 months. This route suits companies with assets exceeding ₹1 crore.
Fast Track Exit was an older MCA scheme for closing defunct companies with paid-up capital under ₹50,000 and zero turnover. It has been superseded by the Section 248 voluntary strike off process using Form STK-2, which now serves as the primary route for simplified company closure with NIL liabilities.
No. Voluntary strike off via Form STK-2 requires NIL liabilities as certified by a practising Tax Professional. All debts, vendor payments, employee dues, and tax arrears must be cleared first. If liabilities cannot be settled, the company must pursue NCLT winding up or IBC Section 59 voluntary liquidation instead.
Yes. All pending AOC-4 (financial statements) and MGT-7 (annual returns) must be filed before submitting Form STK-2. Similarly, all pending income tax returns (ITR-6) and GST returns (GSTR-3B, GSTR-1) must be current. Late filing penalties of ₹10,000 + ₹100/day per form (capped at ₹2 lakh) apply and must be paid before closure.
File all pending annual returns (AOC-4, MGT-7) and ITRs. Pass a Board Resolution and Special Resolution (75% majority). Get a certified Statement of Assets and Liabilities showing NIL balances. File Form STK-2 on the MCA V3 portal with ₹200 to ₹600 government fee. RoC strikes off the name in 3 to 6 months.
Ensure all Form 8 (Statement of Account) and Form 11 (Annual Return) filings are current. Obtain consent of all designated partners. File Form 24 on the MCA portal with government fee of ₹50 to ₹200 based on LLP contribution. Attach the Statement of Assets and Liabilities. Processing takes 3 to 5 months.
A sole proprietorship has no formal MCA closure process. Cancel your GST registration (REG-16), close the current bank account, surrender the Shops and Establishment licence, deregister from MSME/Udyam portal, and file the final income tax return. The process takes 2 to 4 weeks and costs around ₹2,999 with professional help.
Draft a Dissolution Deed under Section 39 of the Indian Partnership Act, 1932, signed by all partners on stamp paper (stamp duty varies by state, ₹100 to ₹500). Settle all partner accounts. Cancel GST registration, Shops and Establishment licence, and file the final partnership ITR-5. Timeline is 2 to 4 weeks.
Form STK-2 is the MCA e-form for voluntary company strike off under Section 248(2) of the Companies Act, 2013. It is filed by the company through an authorised director's DSC and must be certified by a practising Compliance Professional. Government fee ranges from ₹200 to ₹600 based on authorised capital.
File Form REG-16 on the GST portal (www.gst.gov.in) for voluntary cancellation. Ensure all pending GSTR-3B and GSTR-1 returns are filed. Within 3 months of cancellation, file the final return GSTR-10 declaring closing stock and tax liability. There is no government fee for GST cancellation.
Section 8 company closure requires licence revocation by the Regional Director under Section 8(9) of the Companies Act, followed by the standard STK-2 strike off process. Assets must be transferred to another Section 8 company or similar organisation. Government fee is ₹200 to ₹600. Timeline is 3 to 6 months after licence revocation.
Trust dissolution depends on the trust deed provisions. File a dissolution petition with the Civil Court or follow the deed's dissolution clause. Under the Indian Trusts Act, 1882, remaining assets must be transferred per trust objectives. Cancel PAN, TAN, and 12A/80G registrations with the Income Tax Department. Timeline is 2 to 6 months.
Company closure costs include professional fees starting at ₹4,999 (IncorpX) and government fees of ₹200 to ₹600 for STK-2 filing. Additional costs include DSC renewal (₹1,000 to ₹2,000), late filing penalties (₹10,000 + ₹100/day per form, capped at ₹2 lakh), and stamp duty on indemnity bonds. Total cost for a standard Pvt Ltd closure is ₹5,000 to ₹8,000.
IncorpX's closure assistance package at ₹4,999 (professional fee for end-to-end assistance; government fees charged separately at actuals) includes: MCA strike off application preparation and filing (STK-2), Board Resolution drafting, Director and Shareholder consent, Indemnity Bond preparation, certified Statement of Assets and Liabilities, tax filing assistance, GST cancellation support, complete documentation, Expert support, and post-closure compliance guidance.
Yes. The entire company closure process via Form STK-2 is filed online through the MCA V3 portal (www.mca.gov.in). Documents are signed using Digital Signature Certificates (DSC). No physical visit to the RoC office is required. IncorpX assists with the complete process remotely for ₹4,999.
STK-2 government fee depends on the company's authorised capital per the Companies (Registration Offices and Fees) Rules, 2014: up to ₹1 lakh: ₹200, ₹1–5 lakh: ₹300, ₹5–25 lakh: ₹400, ₹25 lakh–₹1 crore: ₹500, above ₹1 crore: ₹600. This is in addition to professional fees for Expert certification.
LLP closure costs significantly less than company closure. Government fee for Form 24 is ₹50 to ₹200 based on LLP contribution slab. Professional fees start at ₹4,999 with IncorpX. Additional costs include DSC renewal and pending return filing. Total LLP closure cost is typically ₹5,000 to ₹8,000.
Yes. Form STK-2 must be certified by a practising Compliance Professional under the Companies Act, 2013. Additionally, a practising Tax Professional must certify the Statement of Assets and Liabilities. For NCLT winding up, an Insolvency Professional is also required under IBC Section 59.
Yes. If you closed your previous company through voluntary strike off (STK-2), there is no restriction on starting a new company. However, if your company was struck off suo motu by the RoC (STK-1) and your DIN was disqualified under Section 164(2), you must wait 5 years or get the DIN reactivated through NCLT.
Strike off (Section 248) is a simplified process for companies with NIL liabilities, taking 3 to 6 months and costing ₹5,000 to ₹8,000. Winding up (Sections 271-365) involves NCLT proceedings, a liquidator appointment, and creditor settlement, taking 1 to 3 years and costing ₹50,000+. Strike off suits clean companies; winding up suits companies with debts.
Voluntary strike off (Section 248(2), Form STK-2) is initiated by the company with NIL liabilities and all compliances filed. Compulsory strike off (Section 248(1), STK-1) is initiated by the RoC when a company fails to file returns for 2+ years. Compulsory strike off triggers director disqualification; voluntary does not.
Yes. If the business model has changed, consider conversion instead of closure. A Pvt Ltd can convert to LLP (saves compliance costs), a sole proprietorship can convert to Pvt Ltd (for growth), or a partnership can convert to LLP. Conversion preserves the entity's legal existence and avoids closure costs. Business conversion services start at ₹7,999.
Choose strike off (STK-2) if the company has NIL liabilities and assets under ₹1 crore; it costs ₹5,000 to ₹8,000 and takes 3 to 6 months. Choose IBC Section 59 voluntary liquidation for solvent companies with significant assets requiring orderly distribution; it costs ₹50,000+ and must complete within 12 months.
Company closure in Mumbai is processed through the RoC Mumbai office (Everest Building, Marine Lines). File Form STK-2 online via the MCA V3 portal. Mumbai-based companies under RoC Mumbai jurisdiction typically see processing in 3 to 6 months. Professional fees start at ₹4,999. Stamp duty for indemnity bonds in Maharashtra is ₹500.
Companies registered in Delhi NCR fall under RoC Delhi jurisdiction (Indian Habitat Centre, Lodhi Road). File STK-2 online through MCA V3. Delhi has a high volume of dormant company closures. Processing takes 3 to 6 months. Stamp duty in Delhi for the indemnity bond is ₹100 to ₹200. Professional fees start at ₹4,999 with IncorpX.
Bangalore companies are processed through RoC Bangalore (Kendriya Sadan, Koramangala). Many tech startups in Bangalore require closure after pivot or shutdown. File STK-2 on MCA V3. Karnataka stamp duty for indemnity bonds is ₹200 to ₹500. Timeline is 3 to 6 months. IncorpX assists with Bangalore closures starting at ₹4,999.
Chennai companies fall under RoC Chennai (Shastri Bhawan, Haddows Road). File STK-2 via MCA V3 portal. Tamil Nadu stamp duty for closure-related documents is ₹100 to ₹300. Chennai has a growing demand for SME closures. Processing takes 3 to 6 months. IncorpX provides end-to-end closure support starting at ₹4,999.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
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Simon Job
4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
J
Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
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Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
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Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
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Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
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Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
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Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
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Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
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Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
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