Strike off of the Company

Services related to the strike off or dissolution of a company typically involve a series of legal and administrative steps to officially close down the company. Here are the key services commonly associated with the strike off process:

1. Initial Consultation and Advice:

   • Providing initial consultation to assess the company's eligibility and readiness for strike off.
   • Advising on the legal requirements, implications, and procedures involved in striking off a company.

2. Preparation of Resolutions and Documentation:

   • Drafting board resolutions and shareholder resolutions approving the decision to strike off the company.
   • Preparing and reviewing necessary documentation required for strike off application.

3. Clearance of Liabilities and Assets:

   • Ensuring all outstanding debts, taxes, and liabilities of the company are settled or adequately provided for.
   • Transferring or disposing of any remaining assets of the company in accordance with legal requirements.

4. Cessation of Business Activities:

   • Ceasing all business operations and activities of the company in an orderly manner.
   • Closing bank accounts, terminating contracts, and notifying stakeholders about the impending strike off.

5. Filing Strike Off Application:

   • Preparing and filing the strike off application with the relevant government authorities or registrar of companies.
   • Ensuring all required forms and documents are accurately completed and submitted within the stipulated timeframe.

6. Publication and Notification:

   • Publishing strike off notices in the official gazette or newspapers as required by law.
   • Notifying creditors, employees, shareholders, and other stakeholders about the company's strike off.

7. Handling Objections and Appeals:

   • Addressing any objections or inquiries from authorities, creditors, or stakeholders regarding the strike off application.
   • Representing the company in appeals or hearings related to the strike off process, if necessary.

8. Final Compliance and Deregistration:

   • Obtaining confirmation of strike off and issuance of a certificate of dissolution or deregistration.
   • Ensuring all final compliance requirements, including tax filings and regulatory obligations, are fulfilled.

9. Post-Strike Off Services:

   • Providing advice on post-strike off matters such as disposal of records, closure of offices, and handling any residual matters.
   • Advising on legal implications or liabilities that may arise after the company has been struck off.

10. Legal and Regulatory Compliance:

    • Ensuring all actions taken during the strike off process comply with company law, tax regulations, and other relevant statutes.
    • Providing ongoing legal support to mitigate risks associated with the strike off and dissolution process.

• Review Requirements: Understand the specific requirements for strike off in your jurisdiction. This includes eligibility criteria, necessary documents, and procedural steps.
• Prepare Documents: Gather and prepare the required documents such as application form, board resolution, financial statements, tax clearance certificate, declaration of solvency, and any other jurisdiction-specific documents.
• Board Approval: Obtain a board resolution approving the application for strike off. Ensure it reflects the decision to dissolve the company.
• Financial Compliance: Ensure all financial obligations are settled and up-to-date. This includes tax liabilities, creditor settlements (if applicable), and filing of financial statements.
• Submit Application: Complete the application form accurately and submit it along with all required documents to the relevant government authority.
• Publication and Notices: Some jurisdictions require publication of the strike off notice or notifications to creditors. Comply with these requirements as applicable.

The documents required for striking off a company (deregistration) can vary depending on the jurisdiction, but generally include the following:

1. Application Form: Typically, there is a specific application form provided by the relevant government authority for striking off the company. This form needs to be filled out accurately and completely.

2. Board Resolution: A resolution by the directors of the company approving the application for strike off. This demonstrates that the decision to strike off the company is authorized by the board.

3. Shareholder Approval (if required): In some jurisdictions, approval from shareholders may be necessary, especially if there are specific provisions in the company's constitution or articles of association requiring shareholder consent.

4. Financial Statements: Financial statements up to the date of application may need to be submitted to ensure there are no outstanding liabilities or assets that need to be addressed before striking off.

5. Tax Clearance Certificate: A certificate from the tax authorities confirming that all tax liabilities of the company have been settled up to the date of application.

6. Declaration of Solvency: A declaration signed by the directors (and sometimes by shareholders) confirming that the company is solvent, meaning it can pay off its debts (if any) within a specified period after dissolution.

7. Consent of Creditors (if applicable): If the company owes money to creditors, their consent may be required before striking off the company.

8. Confirmation of Compliance: Evidence that the company has complied with all statutory requirements, such as filing annual returns, maintaining statutory records, etc.

9. Filing Fee: Payment of any required filing fees associated with the application for strike off.

10. Other Jurisdiction-Specific Documents: Depending on local laws and regulations, additional documents may be required