Closure of company due to non-compliance

Hello everyone,

There is this company which has not done annual compliances for 7 years and now has got a notice from the ROC. As a remedy, can the company apply for fast track exit in Form STK - 2 to avoid penal consequences inspite of being operational in the past two years? Is there any other alternative MCA form to wind up the company? Or does the compliance need to be done necessarily.. What will be the approximate statutory cost including penalties?

Thanks in advance for any help. Appreciate your answers. 

Best regards, 

Aditi