Business Closure

1. Board Meeting and Resolution Directors convene a board meeting and pass a resolution to propose closure. At least 75% of shareholders’ consent is required.
2. Settle Liabilities Pay off all outstanding dues, notify creditors, and obtain No Objection Certificates if necessary.
3. Cancel Registrations Surrender GST, PAN, and other certificates. Close bank accounts linked to the business.
4. Prepare Documents You’ll need:
• Board and shareholder resolutions
• Indemnity bond (Form STK-3)
• Affidavit by directors (Form STK-4)
• CA-certified statement of accounts (not older than 30 days)
• Copy of the latest PAN, Certificate of Incorporation, and directors’ IDs.


5. File Application (Form STK-2) with MCA Submit closure application and supporting documents online through the MCA portal.
6. Public Notice by ROC Registrar will issue a public notice, allowing objections from stakeholders within 30 days.
7. Final Dissolution and Certificate On clearance, the ROC issues a certificate of dissolution—formally ending the company’s existence.

• No further compliance costs : You avoid ongoing filings, audits, and regulatory requirements.
• Freedom from penalties : Proper closure means no risk of penalties due to neglected filings or government action.
• GST benefits : Exporters can file Letter of Undertaking (LUT) to make exports without paying IGST, or claim IGST refunds if paid.
• Reputation protection : A legal strike-off leaves a clean record in government databases—helpful for future ventures or international trade.
• Effortless wind-down : Business closure lets you focus on new export/import endeavors without past headaches.

Make Merchant streamlines company closure by :

• Handling documentation, board and shareholder meetings, and government filings on your behalf.
• Ensuring all legal prerequisites (liabilities, registrations, filings) are addressed for a smooth process.
• Liaising with regulators for you, minimizing errors and unnecessary delays.
• Ongoing advice to exporters and importers on winding down regulatory obligations and safeguarding future opportunities.

When you want to launch your business, Make Merchant is where it's at!

Make Merchant provides professional assistance for name availability checks, drafting resolutions, conducting meetings, and managing all MCA filings, ensuring your name change process is smooth and compliant.