Company Strike Off And LLP Closure
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Company Strike Off and LLP Closure
here exist multiple modes through which a company can end its existence. One out of them is striking off of its name from the register of company's names. A company that is not working and wants to remove its name from the registrar's records may opt for this method.
Before going further on this topic, let's understand these two terms, striking off and liquidation. When a company is in the process of getting struck off, the term we use for it is striking off. In comparison, liquidation or dissolution is the stage where the process gets completed. The company stands liquidated when the name is removed from the records.
