Company Winding Up
Company Winding Up
When a company is no longer active or viable, winding it up is the cleanest way to close operations legally. The process isn’t just about shutting the business. It involves clearing liabilities, settling records, filing with the MCA, and ensuring that directors are released from future compliance obligations. A proper winding up protects you from penalties, notices, and legal complications later.
We handle the complete winding-up process so your company closes cleanly and compliantly.
What we do
Review eligibility for voluntary winding up or strike off
Prepare board and shareholder resolutions
Draft affidavits, indemnities, and related documents
File STK-2 or NCLT petitions (based on the route)
Coordinate closure of bank accounts, liabilities, and statutory records
Handle MCA, ROC, and NCLT queries
Complete post-closure filings and documentation
Why this matters
Improper closure keeps the company active on MCA records, which means continuous compliance obligations and potential penalties. A formal winding up ensures everything is settled, and directors remain protected in the long term.
Frequently Asked Questions
It’s the legal process of closing a company and removing it from MCA records, either through strike off or NCLT-based winding up.
Strike Off (STK-2) — faster and simpler
Voluntary Winding Up — through NCLT
Compulsory Winding Up — ordered by NCLT or authorities
Companies with no liabilities and no active operations for a period can apply for strike off under Section 248.
Board resolution, shareholder approval, affidavit, indemnity bond, financial statements, bank closure certificate, and pending compliance records.
Strike off: 3–6 months
NCLT winding up: 6–12 months or more.