Company Strike Off in Pune: Fast-Track Voluntary Closure under Section 248 & Form STK-2

Voluntary Strike Off and Legal Closure of Companies in Pune (Form STK-2)

Maintaining an inactive, loss-making, or defunct Private Limited company in Pune incurs continuous annual recurring compliance costs—including statutory audit fees, ROC filing expenses, and Director KYC maintenance. If founders decide to permanently conclude business operations, the Companies Act provides a formal, fast-track exit route under Section 248(2) through Form STK-2 to strike off the company name from the official register.

Voluntary strike-off is permissible if the company has failed to commence business within one year of incorporation, or has not carried on business operations for two immediately preceding financial years without applying for Dormant Company status under Section 455. The company must possess zero assets and zero liabilities. KOKJAGUAR Consultancy assists Pune founders in drafting indemnity bonds, statements of accounts, and securing ROC dissolution orders. Explore our corporate winding-up advisory.

Mandatory Pre-requisites for Filing Form STK-2

• All commercial bank accounts of the company must be formally closed with nil balance.
• All outstanding debts, vendor invoices, and statutory tax arrears (GST, PT, TDS) must be fully settled.
• Drafting an audited Statement of Accounts in Form STK-8 certified by an independent Chartered Accountant.
• Furnishing Indemnity Bonds (Form STK-3) and Affidavits (Form STK-4) by all existing directors.
• Approval by special resolution of shareholders holding at least 75% of paid-up capital.