Voluntary Strike-Off (STK-2) & Fast Track Exit: Documents and Evidence
Most delay on Voluntary Strike-Off (STK-2) & Fast Track Exit comes down to paperwork that was not ready, so it is worth knowing what will be asked for. The questions below are the ones raised most often in practice; the full scope of the service is on the Voluntary Strike-Off (STK-2) & Fast Track Exit page.
What if the company had a bank loan that was fully repaid years ago — does that matter for STK-2?
It can, if a charge was ever registered against the company's assets with the RoC to secure that loan and was never formally released. The charge remains on the MCA register until Form CHG-4 (satisfaction of charge) is filed, even if the underlying loan was repaid long ago. An unsatisfied charge on record is a red flag the RoC will query and can block STK-2 approval until it is resolved.
In practice: Unsatisfied charges can remain on the register for loans repaid years earlier, simply because no one filed CHG-4 at the time. We check the charge register as a standard step in every strike-off eligibility review.
What happens to the company's PAN and GST registration after strike-off?
The company's PAN remains on record with the Income Tax Department but the entity is treated as defunct once struck off — it cannot file further returns or claim fresh refunds as a going entity. Any GST registration must be separately cancelled through Form GST REG-16, with all GST returns filed up to the date business ceased; this is a distinct process from the MCA strike-off and should be completed in parallel, not left dangling after the company is removed from the RoC register.
In practice: GST cancellation is the piece we most often see forgotten by promoters focused only on the MCA side. An active GSTIN left un-cancelled after strike-off continues to technically require GST returns, which is an avoidable mess.
What is the typical professional fee for a PNPC-managed voluntary strike-off?
PNPC quotes a fixed, agreed fee for the complete strike-off engagement — covering the eligibility assessment, filing regularisation (priced separately if a backlog exists, since the scope and additional fees vary company to company), document preparation, STK-2 filing, RoC query handling, and post-closure confirmation. The exact fee and scope are set out in writing before any work begins, so promoters know the full cost — including any accumulated MCA penalties — upfront rather than discovering it mid-process.
In practice: We deliberately avoid quoting a flat number for every case in this FAQ, because the real cost driver is almost always the filing backlog, not the STK-2 filing itself. A company with clean filings costs meaningfully less to close than one with three years of pending returns — we give the accurate number after the eligibility review, not before.
Can PNPC advise on whether strike-off, dormancy, or liquidation is the right choice before we commit to any of them?
Yes — this is the first and most important step in the entire engagement. PNPC's eligibility assessment reviews the company's actual filing history, asset position, liability position, litigation status, and the promoters' future intentions for the entity, and recommends the correct route in writing before any document is drafted or any fee beyond the initial consultation is committed.
In practice: We would rather spend an hour confirming the right route at the outset than have a client discover three months into an STK-2 filing that voluntary liquidation was actually what their situation required. This assessment is the highest-leverage part of the entire engagement.
Can strike-off proceed if one or more directors now reside outside India?
Yes. A director residing abroad can still execute the required affidavit (STK-4) and indemnity bond (STK-3), provided the documents are properly notarised and, where required, apostilled or attested in the country of residence, consistent with how such documents are accepted for other MCA filings involving NRI or foreign directors. The Digital Signature Certificate used to authenticate the filing itself must also be current and valid for that director. PNPC coordinates this remotely, including for clients now based in the UAE through our Dubai office.
In practice: We handle this routinely for promoters who incorporated a company in India, later relocated abroad, and now want a clean India-side closure. The extra step is simply ensuring notarisation/apostille formalities in the country of residence are followed correctly — the substantive process does not change.
Where this sits in the wider engagement
Voluntary Strike-Off (STK-2) & Fast Track Exit rarely arrives on its own. The statutory basis and the current requirements are set out on the Voluntary Strike-Off (STK-2) & Fast Track Exit service page, and the related services are grouped under Conversion Closure.
What PNPC does
PNPC Global has practised since 1986 across India and the UAE. On Voluntary Strike-Off (STK-2) & Fast Track Exit we take the work end to end — reviewing the facts, preparing and filing what is required, and dealing with the authority through to closure.