Compulsory Strike-Off
/kəmˈpʌls(ə)ri straɪk-ɔf/
Definitions
- (n.) A statutory procedure by which a company is forcibly removed from the official register for failing to comply with legal requirements, such as non-filing of annual returns or accounts.
The registrar initiated a compulsory strike-off after the company failed to submit its financial statements.
Forms
- compulsory strike-off
Related terms
See also
Commentary
Typically triggered by regulatory non-compliance, compulsory strike-off aims to maintain the integrity of the company register and protect creditor interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.