Private Limited Company Closure (StrikeOff)
- ✔ Provides a formal and legal exit for directors and shareholders, ensuring that the company’s name is removed from the official Register of Companies.
- ✔ Eliminates the ongoing burden of annual compliance costs, audit fees, and the requirement to maintain statutory records.
- ✔ Protects directors from future liabilities, prosecutions, and disqualifications resulting from non-filing in a dormant entity.
- ✔ Ensures a "clean slate" for the promoters, allowing them to focus on new ventures without the administrative weight of an inactive company.
- ✔ Prevents the accumulation of heavy per-day penalties and compounding interest for missed filings over time.
- ✔ Signals to banks and financial institutions that the business has been wound up in an orderly and compliant manner.
- ✔ Facilitates the legal surrender of tax licenses (GST, PAN, TAN), preventing future tax demands or notices.
- ✔ Offers a "Fast Track Exit" (FTE) route through the STK-2 mechanism, which is significantly faster and cheaper than traditional liquidation.
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