Removal of name of company from the register of companies/company strike off

CA Rishi Goyal | Last updated: 13 March 2023

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Company strike off is the process of removing a company's name from the official register. This can happen if a company fails to start business within a year of incorporation, has ceased operations for two financial years without applying for dormant status, or hasn't filed necessary commencement of business forms. The Registrar can initiate strike off either on their own initiative or upon receiving an application from the company, provided certain conditions are met, such as having no outstanding assets or liabilities and all required filings being up-to-date.

Company Strike off means removing the name of the company from the register of companies. Company Strike off can be done on following grounds: Companyhas failed to commence its business within one year of its incorporation. Companyis not carrying on any business activity for a period of two

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About the Author

CA Rishi Goyal

RISHI GOYAL is a practicing chartered accountant in National Capital Region of the country and working in Auditing and taxation. His article on taxation matters publish in newsletter of Noida Branch of ICAI and on various web portals.

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