Lesson content
Scroll through numbered sections or jump via the outline.
What you'll take away
- Clear liabilities: GST cancellation, IT returns, bank closure letter.
- File STK-2 with ROC fees.
- Publish notice if required; ROC strikes name off register.
- PAN/TAN eventually deactivated — follow up separately.
When to close vs sell
Strike off is for dormant or failed startups with no assets/liabilities — not a substitute for selling the business.
If you have revenue, debt, or disputes, winding up or sale process is different.
FTE (Fast Track Exit) eligibility snapshot
No commenced business or ceased operations.
No assets and liabilities at time of application.
No pending litigation (or disclosures as required).
All directors and shareholders agree — indemnity bonds required.
Steps overview
- Clear liabilities: GST cancellation, IT returns, bank closure letter.
- File STK-2 with ROC fees.
- Publish notice if required; ROC strikes name off register.
- PAN/TAN eventually deactivated — follow up separately.
What founders forget
Outstanding PF/ESI dues block clean exit.
Pending angel investment with CCPS needs shareholder resolution.
Foreign investor? FEMA reporting on exit.
Emotional and legal closure
Inform creditors and customers in writing.
Retain records 8+ years for tax queries even after strike-off.
Founders remain liable for pre-strike-off liabilities if concealed.