You must be current to close
Company Closure & Restructuring in India
An Indian company with outstanding filings cannot be struck off, and prolonged default disqualifies its directors.
GCC business setup specialists
Default blocks the exit and follows the directors
A company that stops filing cannot simply be closed: strike off requires the filings to be brought up to date first, and the longer the default runs the higher the additional fees. Worse, sustained failure to file can disqualify directors from acting in any Indian company, which affects the individuals rather than just the entity. Abandonment is therefore the one approach that makes the problem personal.
- Full catch-up cost quantified before you choose a route
- Director disqualification exposure assessed and addressed
- Every registration and clearance closed, not just the company
20+
Mainland, free zone and offshore jurisdictions we file in — so the recommendation is based on your activity, not on which authority we happen to be registered with.
7,000+
Companies successfully established.
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What is involved
The closure sequence
Filings first, always.
| Step | What it involves |
|---|---|
| Bring filings up to date | Accounts, annual returns and tax filings. |
| Settle tax positions | Income tax and goods and services tax. |
| Close registrations | Tax, employer and state registrations. |
| Settle employees | Dues, gratuity and provident fund. |
| Board and shareholder approval | Resolutions for closure. |
| Strike off or liquidation | By route, with the Registrar or tribunal. |
Strike off and liquidation procedures, eligibility conditions, additional fees and director disqualification provisions are set by law and change, and insolvent situations follow a separate process.
How it works
Closing or restructuring
Quantify first, then clear, then close.
01
Quantify the position
Outstanding filings, additional fees accrued, tax exposure and whether any director is at risk of disqualification.
02
Bring everything current
Accounts and returns filed, tax positions settled, employees paid and all registrations formally closed.
03
Close
Strike off applied for where eligible, or a liquidation route used, and foreign investment reporting completed on the exit.
- All annual accounts filed
- All annual returns filed
- Director verification filings current
- Income tax returns filed and settled
- Goods and services tax returns filed and registration cancelled
- Provident fund and insurance registrations closed
- State labour registrations closed
- Employees settled including gratuity
- Bank accounts closed
- Assets realised and distributed
- Foreign investment exit reported
- Statutory records retained
Scope
What is included, and what is not
Stated plainly, so nothing is added once the engagement starts.
Included in the service fee
- Quantification of the catch-up cost and exposure
- Outstanding accounts and annual returns filed
- Tax and goods and services tax finalisation
- Registration closures across all streams
- Employee settlement co-ordination
- Resolutions and closure documentation
- Strike off application or liquidation co-ordination
- Foreign investment exit reporting
Not included, quoted separately
- Government and additional fees, paid at cost
- Outstanding taxes, interest and penalties
- Audit fees for catch-up years
- Liquidator or professional fees
- Employee settlements and gratuity
- Insolvency proceedings
- Asset valuations and disposal
- Legal advice on creditor disputes
Verify independently
Official Indian authorities
We file directly with these bodies on your behalf.
Directorate General of Foreign TradeCustoms authoritiesState pollution control boardsFood safety authorityState excise departmentsReal estate regulatory authorities
Questions
India company closure — FAQs
Can I abandon an Indian company?
It is the worst option. Filings must be current to close, additional fees accrue daily in some cases, and sustained default can disqualify the directors personally.
What is director disqualification?
Prolonged failure to file can bar an individual from acting as a director of any Indian company. It makes abandonment a personal problem, not just a corporate one.
Do I have to file accounts for dormant years?
Yes. Strike off requires the filings to be current, and audit applies to every year including dormant ones.
What registrations need closing?
Income tax, goods and services tax, provident fund, insurance and state labour registrations each close separately, and each generates obligations until it does.
Is exit reporting needed for foreign investment?
Yes, where foreign investment is being unwound, reporting obligations apply on the exit as they did on the entry.
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