In India, entities like companies,  limited liability partnerships (LLPs), firms, and one-person companies (OPCs) may undergo strike-off or dissolution under specific circumstances. Strike-off removes a defunct entity from official records, while dissolution involves winding up and termination. Overview of compliance requirements, circumstances, and processes involved in strike-off and dissolution for companies, LLPs, firms, and OPCs are mentioned below

a. Circumstances:

• The company has not commenced business within one year of its incorporation.
• The company has not carried on any business or operation for two consecutive financial years.
• The company has not filed its annual financial statements or annual returns for two consecutive financial years.
• The company is not carrying on any business or operations and wants to voluntarily wind up its affairs.

b. Compliance Requirements and Process:

• Convene a board meeting to pass a resolution for strike off and appoint a liquidator (if required).
• File Form STK-2 (Application for Strike Off) with the Registrar of Companies (RoC) along with the required documents, such as board resolution, indemnity bond, and statement of accounts.
• Publish a notice in the Official Gazette and in a newspaper in the principal vernacular language of the district where the registered office is situated.
• The RoC will review the application and, if satisfied, issue a notice for strike off in the Official Gazette.
• The company will be struck off from the register and dissolved, and the RoC will publish a final notice in the Official Gazette.