Winding Up Company
Winding Up Company made easy with CASYST expert assistance.
If your company has stopped operating, formally winding it up saves you annual filings, audit costs and penalties. CASYST assesses the right route, prepares the applications and handles the follow-up with the Registrar.
What is Winding Up Company?
Closing a company that has stopped operating is done through a strike-off application to the Registrar of Companies under Section 248 of the Companies Act, 2013, or through voluntary liquidation for companies with assets and liabilities.
Strike-off is meant for companies that have not carried on business for the prescribed period and have cleared their liabilities. Voluntary liquidation is a longer process handled by a liquidator.
Who needs Winding Up Company?
- Companies that have stopped operating
- Promoters closing an unsuccessful venture
- Dormant or defunct companies with no assets or liabilities
- Businesses wanting to end recurring compliance costs
Benefits of Winding Up Company
Ends compliance burden
No more annual filings, audits and fees.
Clean legal exit
The company is formally removed from the register.
Avoids penalties
Stop late fees and disqualification of directors.
Lower cost
Strike-off is simpler than full liquidation.
Expert handling
We prepare resolutions, affidavits and filings.
Eligibility
- The company should not have carried on business for the prescribed period
- No pending liabilities or all liabilities settled
- Approval of the shareholders
- Tax and other statutory dues cleared
Documents required
- Certificate of incorporation, PAN and CIN
- Latest financial statements and bank statement showing no activity
- Board resolution and special resolution or consent of members
- Affidavits and indemnity bond from directors
- Statement of assets and liabilities
- No-objection from creditors and tax clearances where required
Winding Up Company process
- 1Step 1
Assess eligibility
We check whether strike-off or liquidation is the right route.
- 2Step 2
Clear compliances
We file pending returns and settle tax and GST matters.
- 3Step 3
Board and member approvals
We hold the meetings and pass the required resolutions.
- 4Step 4
Prepare the application
We prepare the strike-off form, affidavits and bond.
- 5Step 5
File with the ROC
We file the application and respond to queries.
- 6Step 6
Strike-off notice and removal
The ROC publishes a notice and removes the company from the register.
After the application
- The Registrar publishes a notice of the proposed strike-off
- Objections can be raised within the notice period
- The company is removed from the register
- Close bank accounts and tax registrations
- Keep records for the required retention period
Strike-off vs liquidation
| Point | Strike-off | Liquidation |
|---|---|---|
| For | Defunct companies with no liabilities | Companies with assets or liabilities |
| Speed | Faster | Longer |
| Cost | Lower | Higher |
Documents in the closure pack
- Board and member resolutions
- Affidavits and indemnity bond
- Statement of accounts
- Tax and GST clearance
Related services
Winding Up Company cost
Our Winding Up Company package starts from ₹19,999. Government fees, stamp duty and other statutory charges are separate and depend on your state and the exact filing involved. We give you a clear, itemised quote before we start, with no hidden charges.
Get a QuoteWinding Up Company checklist
- Assess eligibility
- Clear compliances
- Board and member approvals
- Prepare the application
- File with the ROC
- Strike-off notice and removal
Frequently asked questions
When it has not carried on business for a prescribed period and has no pending liabilities. We confirm the criteria.
Then it may need to be wound up through liquidation instead of strike-off.
Yes. Outstanding filings and dues should be cleared.
It usually takes a few months, depending on the ROC.
In certain cases, through an application to the tribunal within the permitted time.
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