Running a business in Bangalore can sometimes reach a stage where continuing operations is no longer feasible. In such situations, business owners may decide to close their company or LLP either voluntarily or through a strike-off process by the Registrar of Companies (ROC).

At Book Max Consultancy, Bangalore, we provide professional company closure and LLP strike-off services to help you legally dissolve your business under the Companies Act, 2013, and the Limited Liability Partnership Act, 2008. Our expert consultants manage the entire closure process, ensuring full compliance, accurate documentation, and hassle-free coordination with the Ministry of Corporate Affairs (MCA).

What Does Closing a Company / LLP Mean?

• The closure of a company or LLP means legally dissolving the business entity so that it ceases to exist as a separate legal person. Once a company is closed, it is free from mandatory compliances like annual ROC returns, GST filings, and statutory audits.
• There are two main methods for business closure in India:
• Strike-Off (Fast Track Exit)
• For companies or LLPs that have been inactive for more than a year or have not conducted any business operations.
• Voluntary Winding Up
• For active companies or LLPs wishing to close after clearing all liabilities, loans, and dues in a proper legal manner.

Step-by-Step Process for Company Closure in Bangalore

For Companies (Under Section 248 of the Companies Act, 2013)

• Board Meeting:
  Pass a Board Resolution approving the company closure and authorizing a director to file.
• Affidavit & Indemnity Bond:
  Directors must declare that there are no outstanding liabilities.
• Preparation of Accounts:
  Prepare a statement of accounts certified by a Chartered Accountant (not older than 30 days).
• ROC Filing (Form STK-2):
  File the strike-off application with all documents and government fees.
• ROC Approval:
  Once verified, the ROC publishes the name in the Official Gazette, confirming the company’s dissolution.

Process for LLP Closure in Bangalore (Under Rule 37 of LLP Rules, 2009)

• Consent of Partners:
  All partners must agree to close the LLP.
• Statement of Accounts & Affidavit:
  Submit a declaration showing no assets or liabilities.
•  ROC Filing (Form 24):
  File the closure form along with all necessary attachments.
• ROC Verification & Strike-Off:
  After verification, the ROC strikes off the LLP name from its register.

Documents Required for Company or LLP Closure

• Board or Partner Resolution for closure
• Affidavit and Indemnity Bond by directors/partners
• Latest CA-certified Statement of Accounts
• PAN card and Certificate of Incorporation
• Previous ITR acknowledgments (if applicable)
• NOC from regulatory authorities (if required)