Winding Up & Liquidation
A company that has stopped trading does not stop being a company. Its filings remain due, its directors remain exposed to penalties and disqualification, and its name stays on the register until somebody takes it off. Companies are abandoned far more often than they are closed, and the cost of that surfaces years later — usually when a director tries to incorporate something new.
Akash & Co. closes companies properly. We identify which route the company qualifies for, complete it end to end, and hand back the documentation that shows the closure was done correctly.
What we do
Who this is for
Groups rationalising dormant or duplicate entities; founders closing a venture that did not work; foreign parents exiting India; and directors who have inherited a company that stopped filing years ago.
Strike off or voluntary liquidation?
These are not interchangeable, and choosing wrongly wastes months. Strike off under Section 248 is the lighter route — an application to the Registrar to remove the name from the register — but it is available only where the company meets the eligibility conditions, including having no outstanding liabilities and not having carried on business for the prescribed period.
Voluntary liquidation under Section 59 of the IBC is a full process run by an appointed liquidator. It takes longer and costs more, and it produces a far more robust closure — which matters where there are assets to distribute, creditors who might resurface, or a foreign parent that needs auditable evidence the entity was properly wound down.
One point worth knowing: strike off is not a way to escape liabilities. Removal from the register does not by itself extinguish the liability of directors and officers, and a struck-off company can be restored on application.