Get to know about the steps of the GST registration process
29 Jul, 2024
Every business is founded with the intention of operating indefinitely, yet not every firm succeeds in the long run. As we all know, there is a certain protocol for forming a business, running a business, and closing a business. There are now two methods for closing a business.
Striking off a company or cancellation of company registration simply implies quickly ending a defunct company. It is the most straightforward method of closing a business.
(a) changed its name or relocated its registered office from one state to another
(b) made a disposal for price of the property or rights held by it, immediately before ceasing to trade or carrying on of company, for the purpose of disposal for profit in the ordinary course of trading or otherwise carrying on of business
(c) engaged in any other activity.
(d) has requested that a compromise or agreement be sanctioned by the Tribunal, and the subject has not yet been resolved;
The process is straightforward and follows these steps: -
i) Authorise any firm officer or director to call a Board Meeting.
ii) At least seven (7) days before the board meeting, send a notice of the meeting with a full agenda.
iii) Call a Board Meeting and get a Board Resolution passed.
iv) Notification of Annual General Meetings/Extraordinary General Meetings, if applicable
v) Call a General Meeting for the purpose of passing a Special Resolution.
vi) Submission of MGT-14 with all relevant attachments.
vii) Submission of the STK-2 and other relevant documentation.
viii) After determining that all attachments are in order and all requirements are met, and it is reasonable and equitable to strike off the company, the Registrar of Companies will strike it off after publishing a public notice
The following documents are included with the E-forms:
a notarized indemnity bond signed by all directors (in Form STK 3).
i) Eliminating all of the company's obligations; and
ii) obtaining special resolution approval from the members.
ii) a company has not carried on any business or operation for the two most recent financial years and has not applied for dormant company status during that time
iii) The subscribers to the memorandum have not paid the subscription that they agreed to pay at the time of the company's incorporation, and a declaration to that effect has not been filed within 100 and eighty days of the company's incorporation
iv) the company is not carrying on any business or operations, as revealed by physical verification after the Registrar of Companies locates the company's registered office.
After filing an application for striking off or cancellation of a company registration using E-form STK-2, the relevant Registrar of Companies (ROC) will strike off the firm's name after validating the paperwork, which usually takes 3-4 months. However, if the Registrar of Companies (ROC) raises an objection, the procedure may take longer or possibly reject the application.
Online legal India is the one stop solution for company registration and all the other compliances including the service of striking off or cancellation of company registration.
The CAs/CS provides you with your desired services at an affordable cost. You can get all the solutions regarding the cancellation policy of company registration in a single platform.
Our team has years of experience and are the best in their respective fields. They assist you throughout the entire process.
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