Winding Up of Company

Close your company legally and exit with complete compliance assurance.

Winding Up of Company, which is a highly sensitive compliance service.

Why It Matters

When a company is no longer active, it cannot simply “stop operations” — it must be legally wound up or struck off with the Registrar of Companies (ROC) under the Companies Act, 2013.

Proper winding up ensures:

  • No future penalties for non-filing of returns or non-compliance
  • Clear closure of tax, ROC, and legal obligations
  • Protection of directors from future legal disputes and liabilities
  • A clean corporate exit, preserving reputation with regulators and stakeholders

Failure to wind up properly can lead to:

  • Heavy ROC penalties for non-filing (?100 per day)
  • Disqualification of directors for 5 years
  • Problems in starting new ventures or taking directorships

Modes of Winding Up

Strike Off (Fast Track Exit - FTE)

  • For inactive or non-operational companies
  • Filing Form STK-2 with ROC for voluntary closure

Voluntary Winding Up

  • Initiated by shareholders when the company is solvent
  • Involves liquidation of assets and settlement of liabilities

Compulsory Winding Up

  • Initiated by Tribunal (NCLT) for legal/creditor-driven cases
  • Requires detailed representation and compliance

Our Services

  • Eligibility Check - Assess best mode of winding up (strike-off vs liquidation)
  • Board & Shareholder Resolutions - Drafting resolutions for winding up approval
  • ROC Filing (STK-2, MGT-7, AOC-4, etc.) - Mandatory forms & filings for closure
  • Tax & Compliance Clearance - Income Tax, GST, PF, ESIC, PT reconciliations
  • Liquidation Support - Assistance in asset realization & creditor settlements
  • NCLT Representation - Support in compulsory winding up cases
  • End-to-End Exit Advisory - Legal, financial, and regulatory compliance until dissolution

Why Choose FinnovateAI?

  • CA + CS-Led Team - Specialists in corporate law & exit compliance
  • End-to-End Execution - From board resolution to final ROC approval
  • Risk-Free Closure - Ensure no pending liabilities remain after exit
  • Fast Turnaround - Hassle-free strike-off for inactive companies
  • Multi-Mode Expertise - Voluntary, compulsory, and fast-track exit handled

Our Process

  • Consultation & Eligibility Check - Assess best mode of closure
  • Resolution & Documentation - Drafting board/shareholder approvals
  • ROC & MCA Filings - File STK-2, MGT-7, AOC-4, and related forms
  • Regulatory Clearances - Income Tax, GST, PF, ESIC, bank closure support
  • Final Approval - ROC confirmation of company dissolution

Who Needs It?

  • Inactive or Dormant Companies
  • Startups & SMEs that discontinued operations
  • Investors & Promoters exiting entities post-merger/acquisition
  • Companies under restructuring consolidating entities
  • Businesses with compliance backlogs preferring clean exit
 
     
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