Reasons for strike off:
(a) The Company failed to commence its business within one year of its incorporation.
(b) The Company is not carrying on any business or operation for a period of two immediately preceding financial year.
(c) The Company has not filed an application for dormant.
(d)Subscribers have not paid the subscription amount within 180 days of incorporation
The Companies which cannot go for striking off:
3. Delisted due to non compliance
4. Prosecution pending
5. Compounding pending
6. Under inspection and investigation
7. Pending charge
8. Outstanding public deposit
9. Section 8 company