Striking off or Closure of Company/LLP in

3 simple steps, you get

Get in touch with a Bright Accounts expert!


    Striking off, often referred to as voluntary striking off or closure, is a legal process wherein a company takes proactive measures to wind up its affairs and dissolve its corporate identity. It involves submitting an application to the relevant regulatory authorities, typically the Registrar of Companies (RoC), to officially remove the company from the official register. This process is an alternative to the more intricate and formal process of liquidation.

    Why do companies go for striking off:

    Implications of not going for Striking Off

    The following are implications of not getting your name stricken off

    Administrative Burden

    The company would still need to manage administrative tasks, such as holding annual general meetings, even if there are no active business operations.

    Potential Legal Consequences

    The company may face legal consequences for non-compliance with regulatory obligations, which can negatively impact the reputation of the business and its stakeholders.

    Continued Compliance Obligations

    Failure to strike off a company results in the continuation of statutory compliance obligations, including filing annual returns, financial statements, and other regulatory requirements. This may lead to penalties and legal consequences.

    Liability Continuation

    The liability of directors and stakeholders may persist as long as the company remains registered. This could potentially expose them to legal actions, especially if the company has outstanding debts or unresolved legal matters. Hence it always best practice to Strike off the company name.

    Checklist for Cancellation

    Before initiating the striking off process, ensure you have the following documents and items ready:


    Name Strike-off Process

    in 3 Simple Steps

    At Bright Accounts, we have simplified the entire filing process of Name Cancellation Process into 3 simple steps. This makes your journey smooth, structured and easy.

    What do you get

    when Bright Accounts files your GST Annual Returns

    Let Bright Accounts manage Striking off your Company Name

    When you let Bright Accounts manage your cancellation of company  or LLP name, you not only get comprehensive services mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business. 

    Why Bright Accounts

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Bright & Knowledgeable

    Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

    Always happy to help

    Bright Accounts commit to provide dedicated support and assistance to our clients.

    Professional & Approachable

    We maintain a high level of professionalism while being easily approachable for our clients.

    Easy & Quick

    We focus on streamlining and simplifying the complex processes for our clients.

    Frequently Asked Questions

    The timeline varies, but our efficient process aims for a swift resolution. It typically takes a few months from application submission to official dissolution.

     It is advisable to resolve any ongoing legal disputes before applying for striking off, as the authorities may scrutinize such matters during the process.

    Prior to striking off, the company’s assets should be appropriately distributed or liquidated to settle any remaining obligations. Any residual assets may be transferred to the stakeholders.

    While revival is possible under certain circumstances, it’s a complex process. It’s advisable to seek professional advice if you intend to revive a struck-off company.