Company closure for no revenue

[A V Sharma & Company]

One of clients want to close a company has last one year audit not done but no revenue and only operational expenses 

please help with requirements and how to do this 

[Gopi Kandle]

Ping me at 9440800580

​Yours Professionally 

Gopi Kandle

Linkdin | www.corpsection.com 

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On Wed, 1 Apr, 2026, 9:32 pm A V Sharma & Company, <avshar...@gmail.com> wrote:

One of clients want to close a company has last one year audit not done but no revenue and only operational expenses 

please help with requirements and how to do this 

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[babita sharma]

Kindly ping me 9123980040

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[kartik bhatia]

call me

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[Afsarjahan]

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On Wed, 1 Apr, 2026, 9:32 pm A V Sharma & Company, <avshar...@gmail.com> wrote:

One of clients want to close a company has last one year audit not done but no revenue and only operational expenses 

please help with requirements and how to do this 

[YOGITA AGARWAL]

We provide Consultancy and support services for following matters:-

1. CRC 

2. CPC

3. C-PACE

4. Any other technically stuck matter 

If you need any assistance for above matters do contact us at undersigned.

Yogita Agarwal

+91-7073170507

[Madhur Gandhi]

In the present case, since the company has no revenue and only minimal operational expenses with one year of audit pending, the most practical route for closure would be to apply for strike off under Section 248 of the Companies Act, 2013. While completion of audit and filing of annual returns is generally advisable, it is not an absolute pre-condition for filing strike off; however, the company must ensure that all its liabilities are fully settled, bank account is closed, and there are no outstanding statutory dues or obligations. A statement of accounts, duly certified by a Chartered Accountant and not older than 30 days from the date of filing, will be required. The process would involve passing a Board resolution, obtaining shareholders’ approval, and filing Form STK-2 along with prescribed attachments such as indemnity bonds, affidavits, and financial statements. That said, there remains a practical risk that the Registrar may require completion of pending filings before approving the application, depending on scrutiny levels. 

Accordingly, it is advisable to evaluate the cost-benefit of completing pending compliances versus proceeding directly with strike off, while ensuring proper documentation and confirmations from the management regarding nil liabilities and absence of future claims.

Thanks

Madhur Gandhi

Practising Company Secretary

+91 9325615516

www.madhurgandhi.com  

On Wed, Apr 1, 2026 at 9:32 PM A V Sharma & Company <avshar...@gmail.com> wrote:

One of clients want to close a company has last one year audit not done but no revenue and only operational expenses 

please help with requirements and how to do this