Abandoning an inactive startup by ignoring yearly compliance filings is dangerous. Under Section 248 of Companies Act 2013, the ROC can disqualify directors for 5 years, deactivate DINs, and impose severe penalties.
The legally safe and clean way to shut down is Voluntary Strike-Off via Form STK-2.
In this guide, our experienced CA team outlines the cost, process, and documents required.
1. Eligibility for Form STK-2 Strike-Off
- No business operations for at least 1 year (or 2 preceding financial years).
- Zero assets and liabilities.
- No pending litigation or tax demands.
- Special Resolution passed by 75% shareholders.
2. Step-by-Step Procedure
- Convene Board Meeting & EGM to pass Special Resolution.
- Close all company current bank accounts and obtain Bank Closure Certificate.
- Prepare Mandatory Attachments: Form STK-4 (Indemnity Bond), Form STK-3 (Affidavit), Form STK-8 (CA Statement of Accounts).
- File Form STK-2 on MCA V3 Portal with ₹10,000 MCA fee.
- ROC publishes public notice (STK-5) for 30 days, followed by dissolution notice (STK-7).
3. Total Cost Breakdown
- MCA Form STK-2 Government Fee: ₹10,000
- Stamp Paper & Notary Charges: ₹1,000
- CA Certification of STK-8 Financials: ₹2,500
- CorporateSaathi Execution Fee: ₹4,999
- Total Estimated Cost: ₹18,499 (All-Inclusive)