a. Circumstances:

• Not commencing business within one year of its incorporation
• Not carried on any business or operation for two consecutive financial years
• Not filing its annual financial statements or annual returns for two consecutive financial years
• 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 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 OPC will be struck off from the register and dissolved, and the RoC will publish a final notice in the Official Gazette.