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Closing a company under the Companies Act 2013 involves a process known as strike-off, providing an alternative mechanism to winding up. The Companies Act offers two modes of strike-off:
1. strike off by the ROC (Registrar of Companies) under Section 248(1);and
2. strike off by the company on its own accord under Section 248(2).
This article will delve into the concept of company closure through strike-off, highlighting the relevant provisions under both sections.