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Closure of Nidhi Company

Expected Completion23 Jun 2026
Estimated TimeExpected To

Overview

Is your Nidhi Company inactive? Or are you finding it difficult to meet the 200-member requirement? Closing a Nidhi Company is a strategic move to save on annual compliance costs and protect directors from disqualification. At Companify, we handle the end-to-end strike-off process, ensuring a smooth exit from the MCA records.

Every legally registered business must wind up its operations in accordance with the law. Winding up your company removes obligations cleanly and clears your business track.

What is the Meaning of Nidhi Company Closure?

Closure, legally known as "Strike-Off," is the process of removing a company's name from the Register of Companies maintained by the MCA. Once a Nidhi Company is closed, it ceases to exist as a legal entity, and the directors are relieved of future filing obligations.

What You Get

Complete Guide to Nidhi Company Closure execution tracking
Strategic strike-off processing to eliminate ongoing annual compliance costs
End-to-end management ensuring a smooth clean exit from MCA registry records
Full mitigation of regulatory risks and protection for directors against future disqualification

Process & Timeline

1

Board Meeting: Pass a resolution to close and authorize a director to file the application.

Voluntary Strike-Off (Fast Track Exit): The most common and cost-effective method for inactive companies with no assets/liabilities.
2

Extinguish Liabilities: Settle all deposits and pay off any remaining creditors.

Voluntary Liquidation: Used if the company has assets to distribute. This involves appointing a liquidator and is a more complex, time-consuming process.
3

Extraordinary General Meeting (EGM): Obtain approval from at least 75% of members via a Special Resolution.

Selling the Company: Instead of closing, you can transfer management to new promoters. Companify can assist in the 'Nidhi Company Transfer' process.
4

Filing Form MGT-14: File the Special Resolution with the ROC within 30 days.

Filing Pipeline Pipeline Process Step
5

Filing Form STK-2: The final application for strike-off, accompanied by all required documents.

Filing Pipeline Pipeline Process Step
6

Public Notice: The ROC publishes a notice in the Official Gazette to invite objections.

Filing Pipeline Pipeline Process Step
7

Final Strike-Off: If no objections arise within 30 days, the company is officially dissolved.

Filing Pipeline Pipeline Process Step

Documents Required

CHECKLIST OF DOCUMENTS REQUIRED FOR CLOSURE

  • Indemnity Bond: Notarized bond (Form STK-3) signed by all directors.
  • Affidavit: Sworn by directors (Form STK-4) confirming the company has no liabilities.
  • Statement of Accounts: Audited by a Chartered Accountant (not older than 30 days).
  • Special Resolution: Certified copy showing 75% member consent.
  • Bank Closure Certificate: Proof that all company bank accounts are officially closed.
  • NOCs: No Objection Certificates from any secured creditors (if applicable).

Professional Fees Summary

₹19,999

+ Govt. Fee & GST

Single Identity Corporate Execution Service

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