Business Liquidation / Winding up

Striking off (Fastrack)

What is Fast Track Strike Off?
Ideal For

Liquidation through NCLT

Understanding NCLT Liquidation
Types of Liquidation

Winding Up(Voluntary/Compulsory)

Understanding Winding Up Processes:

A. Voluntary Winding Up
• Members’ Voluntary Winding Up
• Creditors’ Voluntary Winding Up
• Declaration of Solvency
• Shareholder-initiated process

B. Compulsory Winding Up
• Court-ordered dissolution
• Creditor-initiated process
• Regulatory intervention
• Tribunal supervision

Striking off by ROC

In case of continuous non-compliance for three financial years, the Registrar of Companies has the power to strike off the Company.

Selling off business instead of Striking off