Maintaining a dormant or inactive company in India without carrying out business operations is a heavy financial liability. Non-filing of annual returns (AOC-4 & MGT-7) for an inactive entity results in daily compounding penalties, director DIN disqualification, and frozen bank accounts.
Company Strike Off under Section 248 of the Companies Act 2013 provides a clean, legally recognized method for promoters to remove an inactive company's name from the Register of Companies (ROC).
MARCS Corporate Closure practice evaluates company eligibility (ensuring no assets, no liabilities, and no active business operations for at least 1 year for fast-track or 2 years for standard closure).
We prepare all mandatory documents: Board & Shareholder Resolutions, Statement of Accounts audited by a Chartered Accountant, Indemnity Bonds (Form STK-3), Affidavits (Form STK-4), bank account closure proofs, GST cancellation certificates, and Form STK-2 filing with ROC.
