Striking Off & Winding Up – Company & LLP Services
“Ant Asli Prarambh” : Sometimes, the best way to move forward is to know when to close a chapter. Let us guide you through the process with ease and expertise.
At BlueRock Advisors LLP, we understand that there are times when businesses may need to be dissolved or closed due to various reasons, such as inactivity, financial challenges, or strategic realignment. Whether you’re looking to strike off a company or wind up your company/LLP, we offer professional services to help you navigate the legal and regulatory complexities of the process.
Both striking off and winding up involve specific legal procedures under the Companies Act, 2013, and the LLP Act, 2008. We provide end-to-end support, ensuring that all statutory requirements are met while protecting your interests and minimizing potential liabilities.
What is Striking Off & Winding Up?
Striking Off refers to the removal of a company’s name from the register of companies maintained by the Registrar of Companies (RoC) when the company is no longer operational and has no liabilities.
Winding Up is a more formal process where the affairs of the company or LLP are brought to an end, and assets are liquidated to pay off any outstanding debts. The process can either be voluntary (initiated by the members) or compulsory (ordered by the tribunal).
Our Services for Striking Off & Winding Up
1. Striking Off of Companies
Striking off a company is a simpler process than winding up, and we can guide you through every step:
- Eligibility Check – Ensuring your company meets the criteria for striking off under Section 248 of the Companies Act, 2013.
- Filing Application – Filing the necessary application with the Registrar of Companies (RoC) to initiate the striking-off process.
- Clearance of Liabilities – Ensuring that all pending liabilities and dues are cleared before initiating the process.
- Public Notice & Objections – Drafting and publishing the required public notice and addressing any objections from creditors or stakeholders.
- Certificate of Striking Off – After the RoC reviews and approves, we help you obtain the certificate of striking off, officially dissolving the company.
2. Winding Up of Companies & LLPs
Whether voluntary or compulsory, the winding-up process requires thorough planning and legal compliance:
- Voluntary Winding Up – Assistance with initiating voluntary winding up, including passing resolutions, appointing liquidators, and filing the necessary forms with the RoC.
- Compulsory Winding Up – We assist in navigating the compulsory winding-up process, including representations to the tribunal and ensuring compliance with court orders.
- Liquidation of Assets – Helping you liquidate the company’s assets to settle outstanding debts and obligations.
- Settling Liabilities – Guiding you through the process of settling any debts, paying creditors, and distributing remaining assets to shareholders or members.
- Filing Final Returns & Documentation – Ensuring all necessary filings are completed, including final returns, financial statements, and dissolution documents, before obtaining the closure certificate.
3. Legal & Compliance Support
The legal and compliance aspects of striking off and winding up can be daunting. Our team offers:
- Advisory on Legal Obligations – Clear guidance on your company or LLP’s legal obligations during the closure process.
- Communication with Authorities – Handling all correspondence with the Registrar of Companies, tax authorities, and creditors to ensure the process runs smoothly.
- Protection of Stakeholder Interests – Ensuring that all stakeholder interests, including creditors, shareholders, and employees, are taken into account during the process.
Why Choose BlueRock Advisors LLP?
✅ Expert Legal Guidance – Our team of experienced professionals ensures that the striking off or winding-up process is executed in full compliance with the law.
✅ End-to-End Support – From initial advisory to post-closing filings, we handle the entire process for you, reducing your stress and legal risks.
✅ Efficient & Timely Service – We are committed to completing your company’s closure in the shortest time possible, without compromising legal or compliance standards.
✅ Comprehensive Solutions – Whether it’s a voluntary winding-up or a statutory strike-off, we offer tailored services to meet your specific business needs.
✅ Minimized Liabilities – Our focus is on protecting you and your stakeholders by ensuring all debts are settled, and liabilities are resolved properly.