Overview of Strike Off for Section 8 Companies
Section 8 Companies (Non-Profit Organizations) that are inactive or no longer operating can voluntarily apply for strike off under the Companies Act, 2013. Corporate Analytica helps ensure a smooth and legally compliant exit process with expert assistance and documentation support.
Why Strike Off a Section 8 Company?
- Avoid penalties for non-compliance or non-filing
- Legally close down non-operational NGO/Section 8 entity
- End reporting obligations to ROC and Income Tax
- Simplify exit process through Form STK-2 filing
- Maintain clean record for promoters/directors
Eligibility for Strike Off
- The company must be inactive for at least 2 years, or
- It has not commenced any operations since incorporation
- Consent of board and members is mandatory
- No pending legal proceedings or liabilities
- All regulatory approvals (if applicable) must be obtained
Documents Required
- Board Resolution for strike off
- Special Resolution passed by members
- Affidavit & Indemnity Bond from directors (STK-4 & STK-3)
- Statement of Accounts certified by CA
- Copy of PAN, MOA, AOA, and latest returns filed
Strike Off Process
- Step 1: Board Meeting & pass resolution
- Step 2: Hold General Meeting for member approval
- Step 3: Prepare Statement of Accounts and Affidavits
- Step 4: File Form STK-2 with MCA along with fees
- Step 5: MCA reviews and publishes notice
- Step 6: Company struck off and name removed from ROC
Why Choose Corporate Analytica?
- Dedicated experts for NGO and Section 8 compliances
- Complete documentation and filing support
- Affordable pricing and fixed timelines
- Experienced CA/CS and legal advisors
- Pan-India service with personalized assistance
Post‑Strike Off Considerations
- Directors cannot use the company’s name for future ventures
- Books of account should be retained for 8 years
- Clear all liabilities before initiating strike off
- No restoration unless directed by NCLT or MCA
- Update related departments (Income Tax, FCRA, etc.) if applicable
Frequently Asked Questions (Section 8 Strike Off)
Q1. Can a Section 8 Company apply for strike off voluntarily?
Yes, if the company is inactive for 2+ years or has not commenced business, it can file for voluntary strike off under Form STK-2.
Q2. What is the government fee for filing STK-2?
The government filing fee for Form STK-2 is ₹10,000, excluding professional or documentation charges.
Q3. How long does the strike off process take?
Typically, the process takes 60–90 days depending on documentation, approvals, and MCA scrutiny timelines.
Q4. Is audit required before strike off?
Yes, the company must prepare a Statement of Accounts certified by a Chartered Accountant not older than 30 days before filing.