Company Winding Up | Beyonte Compliances

Corporate Law · Winding Up

Company Winding Up close your company through voluntary strike-off or NCLT winding up proceedings.

A company that has ceased operations or has become commercially unviable may be wound up voluntarily through strike-off under Section 248 (by applying in Form STK-2) or through NCLT winding up proceedings under Sections 271 to 302 of the Companies Act, 2013. The appropriate route depends on the company's financial position, pending liabilities, and creditor situation.

At Beyonte Compliances, we advise on the appropriate winding up route, manage the strike-off application or NCLT petition, coordinate creditor and asset management, and ensure the company's affairs are wound up in full compliance with the Act — resulting in the company's name being struck off the register.

What Our Company Winding Up Service Covers

Route Assessment

Advising on the appropriate closure route — voluntary strike-off (Section 248) versus NCLT winding up — based on the company's financial position and creditor situation.

STK-2 Application

Filing Form STK-2 with the ROC for voluntary strike-off of companies that have been dormant or ceased business for at least two consecutive years.

Board & Shareholder Resolution

Drafting and obtaining board and shareholder (special) resolution approving voluntary winding up.

Creditor NOC

Obtaining no-objection confirmations from creditors to accompany the strike-off application.

NCLT Winding Up Petition

Filing a winding up petition before the NCLT under Sections 271–302 where voluntary strike-off is not available.

Liquidator Appointment

Coordinating appointment of a liquidator and supporting the liquidation process — asset realisation and creditor payment.

ROC Publication

Arranging newspaper publication and ROC notice required for strike-off and winding up proceedings.

Final Returns & Closure

Filing final accounts, final returns, and ensuring the company's name is struck off the register.

Our Process

Assess Closure Route

Reviewing the company's financial position, liabilities, and creditor position to identify the right closure route.

Board & Shareholder Approval

Obtaining board and shareholder resolutions for voluntary winding up or strike-off.

Creditor & Regulatory Clearances

Obtaining creditor NOCs, clearing pending liabilities, and closing bank accounts and tax registrations.

STK-2 / NCLT Petition Filing

Filing Form STK-2 for strike-off or the winding up petition before the NCLT as applicable.

Final Closure & Strike-Off

Completing the winding up process and receiving the ROC strike-off notice confirming dissolution.

Why It Matters

✓Appropriate closure route correctly identified

✓Board and shareholder resolutions obtained

✓Creditor NOCs and liability clearances managed

✓Bank account closures and tax deregistrations coordinated

✓Form STK-2 filed with ROC for voluntary strike-off

✓NCLT winding up petition filed where required

✓Newspaper publication and ROC notices arranged

✓Company struck off the register with full compliance

Frequently Asked Questions

Voluntary strike-off under Section 248 (Form STK-2) is available for companies that have been dormant or ceased business for at least two consecutive years and have no pending liabilities. NCLT winding up under Sections 271–302 is a formal court-supervised process for companies that are unable to pay debts or where winding up is just and equitable.

The company must have ceased business for at least two consecutive years, have no pending assets or liabilities, have no pending statutory filings (or all filings up to date), have cleared all tax dues, and have obtained a no-objection from creditors.

The ROC typically processes Form STK-2 within 3 to 6 months — publishing a notice in the Official Gazette and, if no objections are received, striking off the company's name.

Yes. A company struck off under Section 248 can be restored to the register by filing a petition before the NCLT within 20 years of the strike-off, if the strike-off was unjust or the company has legitimate pending business.

Need to close your company? Let's handle the strike-off or winding up.

Contact our team — resolution to strike-off notice, all handled.