KNAP Advisory

Close a Private Limited Company

Not operating any more? Don’t let compliance and penalties pile up. KNAP Advisory closes your company cleanly through strike off or winding up, the right way.

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Overview

Closing your company

When a private limited company is no longer in business, simply abandoning it is a mistake — annual filing obligations continue and penalties keep accruing, putting directors at risk. The cleaner option is a formal closure.

A dormant company with no liabilities can usually apply for strike off under Section 248 using Form STK-2. Companies with assets or liabilities may need voluntary liquidation. KNAP Advisory assesses your situation, gets you eligible and files the right route to closure.

Benefits

Why close formally

Stop Penalties

End the cycle of annual filing fees and late penalties.

Protect Directors

Avoid disqualification arising from continued defaults.

Clean Exit

A clear, lawful end to the company’s existence.

Save Cost

No more recurring compliance spend on an idle entity.

Peace of Mind

Close the chapter without lingering liabilities.

Right Route

We pick strike off or liquidation to suit your case.

Requirements

What you’ll need

Documents

  • Latest financial statements
  • Board and shareholder resolutions
  • Affidavits and indemnity bonds from directors
  • Statement of accounts and bank closure proof

Eligibility

  • No pending liabilities or dues
  • Up-to-date statutory filings
  • Company not carrying on business
  • Bank accounts closed
Process

How KNAP handles it

1

Assess & Clear

We review eligibility and clear pending filings and dues.

2

Prepare Documents

We draft resolutions, affidavits and indemnity bonds.

3

File STK-2

We file the strike-off application with the Registrar.

4

Closure Confirmed

We follow up until the name is struck off the register.

Why KNAP Advisory

A clean, complete closure

Right Strategy

Strike off or liquidation, matched to your case.

Defect-Free Filing

Complete documents to avoid rejection.

End-to-End

From clean-up to final strike off.

FAQs

Frequently asked questions

How do I close a company? +

A dormant company can apply for strike off under Section 248 via STK-2 after clearing dues. Active ones may need voluntary liquidation.

What is strike off? +

It is the removal of a company’s name from the register — a simpler route for a non-operating company with no liabilities.

What is Form STK-2? +

It is the strike-off application filed with the Registrar, supported by financials, affidavits and indemnity bonds.

Can I close with pending filings? +

Pending filings and dues generally need clearing first. We help you become eligible before applying.

Better than staying dormant? +

Often yes. A dormant company still has annual compliance and penalties, so formal closure can save cost and risk.

Get Started

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Close your company cleanly

Talk to KNAP Advisory and get started today.