Premium Compliance Advisory

Closure of Business

Quick Reference for Your Business

Clean Exit for Any Entity - everything you need to know about Closure of Business.

01

How Each Entity Is Closed

EntityHow to Close
ProprietorshipSurrender GST/registrations, file final ITR, close accounts
Partnership firmDissolution deed, settle dues, intimate Registrar of Firms
LLPStrike-off via Form 24 (after clearing filings & liabilities)
Private LimitedStrike-off via STK-2 (Sec 248), routed to C-PACE
02

What Must Be Done First

Clear all dues

Income tax, GST, PF, ESI, creditors

File all pending returns

ROC, GST, IT - up to date

Close bank accounts

and satisfy open charges (CHG-4)

Cancel registrations

GST, professional tax, licenses

Board / partner resolution

approving closure

Note: A clean closure protects you from future liability. Simply stopping business does not end your compliance - unfiled returns and live registrations keep generating penalties. Close it properly: clear dues, file everything, then strike off. Under CCFS-2026, overdue company filings get a 90% waiver and STK-2 is at 25% fee if done before 15 July 2026.

03

Why Clients Trust Filings Hub

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We match you to the correct scheme and lender so you do not waste time on rejections.

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