Close Your Inactive Company Quickly & Legally
If your company is inactive and you no longer wish to continue business operations, the Fast Track Exit (FTE) or Strike Off route under Section 248 allows you to close the company in a simplified manner.
N D Savla & Associates provides complete support for Fast Track Exit filings — from checking eligibility and clearing pending compliances to preparing and filing Form STK-2 with the ROC.
What is Fast Track Exit (FTE)?
Fast Track Exit is a simplified process for removing a company’s name from the Register of Companies when it has:
- No ongoing business activity
- No assets or liabilities
- No pending litigations
- Completed required annual filings
Eligibility Criteria for STK-2 Filing
- Company has not commenced business OR has been inactive
- No outstanding loans or creditor dues
- Bank accounts closed
- No pending prosecutions
- Consent of all directors and shareholders
Documents Required for Fast Track Exit
- Board Resolution
- Special Resolution by Shareholders
- Indemnity Bond (Form STK-3)
- Affidavit by Directors (Form STK-4)
- Statement of Accounts certified by CA (not older than 30 days)
- PAN & ID proof of Directors
Fast Track Exit Process (Step-by-Step)
- Review eligibility and compliance status
- Close bank accounts and clear liabilities
- Prepare required resolutions and affidavits
- File Form STK-2 with MCA
- Respond to ROC queries (if raised)
- Receive strike-off notification in Official Gazette
Why Proper Strike Off is Important
- Avoid heavy ROC penalties for non-filing
- Prevent director disqualification
- Eliminate future compliance burden
- Ensure clean legal closure of the company
Why Choose N D Savla & Associates?
Complete STK-2 Filing
Accurate documentation and ROC filing support.
Corporate Compliance Experts
Experienced professionals handling MCA procedures.
Quick & Efficient Process
Streamlined documentation and follow-ups.
End-to-End Assistance
From eligibility check to final strike-off approval.
Compliance Review
Clearing pending filings before application.
Trusted Advisory Support
Reliable guidance for smooth company closure.