How to Close a Company in India — Strike Off Guide 2026

How to Close a Private Limited Company

Two main methods: (1) Strike Off (Fast Track) under Section 248 for dormant companies, or (2) Voluntary Winding Up via NCLT for companies with assets/liabilities.

Strike Off (STK-2) — Faster and Cheaper

Eligibility

• Not commenced business within 1 year of incorporation, OR no business for last 2 financial years
• No pending liabilities, assets, legal proceedings
• All ITR and GST returns must be filed

Process

1. Board meeting — resolution to close
2. Close all company bank accounts
3. File all pending ITR returns
4. Obtain NOC from banks/creditors
5. File STK-2 form on MCA portal
6. RoC publishes notice — 30-day objection period
7. Strike off order issued — company dissolved

Strike off takes 3-6 months. MyCamate handles closure starting Rs.5,999. Contact Us