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Closing a company · checked 11 November 2026
A company with no business, assets or debts applies to the registrar to be struck off; one that still owes money is wound up through liquidation.
Clear the bank account, settle what the company owes and file any overdue returns first, since the registrar strikes off only a company with nothing left in it. A company that still has creditors or assets goes through a formal winding up with a liquidator, which is slower and costs more. Until the company is struck off, its annual filings stay due.
The steps 5 answers
- What do I legally have to do to shut down my private limited company in India? Starting Up
- How do I shut down my startup with dignity when it's over? Starting Up
- How do I return money to investors when I'm shutting down, and how much of it? Starting Up
- How do I let go of my team fairly when the money is about to run out? Starting Up
- How do I decide between selling my failing startup for parts and just shutting it down? Starting Up
The readingMost used across these answers
- Centre for Processing Accelerated Corporate Exit (C-PACE) FAQs Read
- Startup Playbook: Exclusive Benefits for DPIIT-Recognised Startups (April 2026) Read
- How to Close a Company with Form STK-2: Key Steps and FAQs Read
- Company Closure in India: Fees, Process and Documents Read
- A Complete Guide to the Full and Final Settlement Process in India Read
- Liquidation Preference Read
- SaaS startup Toplyne shuts down, returns capital to investors Read
- Founder Liability: When Are You Personally on the Hook? Read
- The Right Way to Lay People Off Read
- Full and Final Settlement in India: 2026 Compliance Guide Read
The terms
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