Strike Out Company Warranty For Free

How does liquidation affect a personal guarantee? Liquidation means your company's assets are sold for the benefit of creditors, and the business closes down. The personal guarantee remains in place, however, and is a significant issue for you and potentially other directors if they have co-signed.

The Registrar shall initiate the process of striking off the name of the company if the company remains as a dormant company for a period of consecutive five years.

It means that a company is required to file its annual return for the year until it has conducted business; however, once the company has ceased operations, IT IS NOT REQUIRED TO FILE ITS ANNUAL PENDING RETURNS BEFORE GOING FOR DIRECT STRIKE OFF, and the company can go for direct strike off WITHOUT FILING OF ANNUAL ...

The norm about strike-off could be enacted based on the given conditions: The company has not started its operation within one year of its incorporation. The company has not performed any business undertakings for the preceding two FYs, for which it has not requested for the Dormant Company status u/s 455 of the Act.

Complete the strike-off application online or submit paper form DS01 if you cannot access the online service. Submit your application to Companies House along with the filing fee. Companies House will confirm that you have completed the application correctly.

Section 248: Power of Registrar to remove name of company from register of companies. (e) the company is not carrying on any business or operations, as revealed after the physical verification carried out under sub-section (9) of section 12.]

Once you opt for voluntary strike off, and it is approved, your business will, effectively, no longer exist.