Strike Out Company Contract For Free

In case of violation of the above provision, the company shall be punishable with fine which may extend to one lakh rupees. IMPORTANT NOTE: Before making an application to ROC for strike off it is necessary to file INC-20A form and all the pending Annual Returns i.e. AOC-4 and MGT-7/7A.

Directors could be disqualified and become unable to become a director for 15 years in the future, as they have failed to act in the right and proper way. Any debts the company holds could become the liability of the directors, as they have failed to close the company in the correct and lawful manner.

Directors of companies that are involuntarily struck off may be disqualified from acting as a Director or in the management of any company for a period of up to 12 years on the application of the Director of Corporate Enforcement, as was seen in a recent court ruling.

This means that the company's assets will be distributed among its creditors ing to the terms of the strike-off order. The company's directors will also be liable for any liabilities that the company may have incurred while it was operational.

Just and Equitable Winding-Up Petition A company director is able to present a winding-up petition on just and equitable grounds if a mutual decision to liquidate a company cannot be reached among its shareholders.

If you're disqualified You'll be disqualified for up to 15 years. You can't: be a director of any company registered in the UK or an overseas company that has connections with the UK. be involved in forming, marketing or running a company.