Close Company (Strike Off)

Founders with an inactive company often assume they can simply stop filing and let it go dormant. That approach backfires — an inactive company that never formally exits the MCA register keeps accumulating annual filing penalties indefinitely, even with zero business activity, until someone actually files the Company Strike Off Process STK 2 application.

Before STK-2 can be filed, every pending statutory return must be brought current — this is the step most founders attempting this on their own get stuck on, since a company with years of skipped ROC filings needs those filings cleared, not waived, before a strike-off application will be accepted.

The equivalent process for an LLP looks slightly different procedurally but serves the same purpose — founders searching to dissolve LLP process options are usually looking for this same fast-track voluntary exit rather than a formal winding-up petition, which is considerably more expensive and time-consuming for a genuinely inactive entity.

bizOversal handles the full Company Strike Off Process STK 2 engagement: clearing pending filings, preparing the statement of accounts and affidavits STK-2 requires, and tracking the application through to final removal from the register — so you are not left wondering whether the company is actually closed or still quietly accruing compliance risk.