Q. What are the main forms to be filed for strike off of company?

Ans. STK-2 is need to be filed with necessory attachments to ROC.

Q. What are the main conditions for Strike off of company?

Ans. 1. The company has not commenced its business within one year of its incorporation. 2. The company has not been pursuing any business or activity for the preceding two financial years, for which it hasn’t sought the status of Dormant Company under Section 455 of the Act.

Q. What types of Companies do not qualify for the provision of strike off?

Ans. Listed companies, Vanishing companies, Non Compliance Companies, Companies against which any case for prosecution is pending in a Court of law, Companies registered under Section 25 of the Companies Act, 1956 or Section 8 of the Act etc.

Q. What is the Govt fees involved for filing Form STK-2?

Ans. Currently Govt fees for filing the form is Rs 10,000 except any other cost.

Q. When Registrar of Companies can reject the application of application for removal of name filed by the Company?

ANS. The Registrar has an authority to reject any application under the STK route if any of the below-mentioned conditions are not met

Q. What are restrictions for Company to make an application for removal of name with register of companies?

Ans. An application shall not be made if, at any time in the previous three months, the company-

• has changed its name or shifted its registered office from one State to another;
• has made a disposal for value of property or rights held by it;
• has engaged in any other activity except the one which is necessary or expedient for the purpose of making an application under that section;
• has made an application to the Tribunal for the sanctioning of a compromise or arrangement and the matter has not been finally concluded;
• is being wound up under Chapter XX of this Act or under the Insolvency and Bankruptcy Code, 2016.

Q. What is over all time required for whole process?

Ans. Time can be around 6 months to 2 years, depend on ROC to process the same. Initially status of company will get change to 'Under process of strike off', final order will receive later from ROC.