Overview
Strike Off of Section 8 Company – Process, Eligibility & Compliance
Strike off of a Section 8 Company is a legal procedure for closing a non-profit company that is no longer operational, inactive, or has stopped pursuing its charitable objectives. Section 8 Companies are incorporated for social, educational, religious, or charitable purposes, but when such a company fails to commence business, remains inactive for a prolonged period, or voluntarily decides to close operations, applying for strike off becomes essential to avoid future penalties and compliance burdens.
Eligibility for strike off includes companies with no ongoing business activities, no outstanding liabilities, and proper closure of bank accounts. All statutory filings such as annual returns and financial statements must be completed before initiating the strike off process. The company should also ensure that there are no pending litigations or dues with regulatory authorities.
The strike off process involves preparing necessary documents, settling liabilities, passing board resolutions, filing the application with the Registrar of Companies (ROC), and responding to any queries raised by authorities. Once approved, the company’s name is removed from the Register of Companies, legally dissolving its existence.
Timely strike off of a Section 8 Company helps directors and members avoid unnecessary compliance costs, penalties, and legal notices. NYAYAPATH LEGAL LLP provides end-to-end assistance, including eligibility assessment, documentation, ROC filing, and compliance management, ensuring a smooth, transparent, and legally compliant strike off process.
