How to Strike Off & Dissolve a Company with SECP (Easy Exit Scheme)
An exhaustive legal closure masterclass for company owners, directors, and investors on dissolving dormant SECP Private Limited entities through the Easy Exit Scheme (EES) under Section 426 of the Companies Act 2017.
60 to 90 day administrative closure under Section 426 without court litigation or liquidators.
Company must have no outstanding tax dues, bank loans, or pending commercial liabilities.
Submitted on SECP eServices alongside director Indemnity Bonds and Chartered Accountant audit reports.
FBR tax deregistration and corporate bank account closure mandatory prior to final strike-off.
Table of Contents
- 1. What Is the SECP Easy Exit Scheme (EES)?
- 2. SECP Strike-Off vs Court Liquidation Matrix
- 3. Eligibility Criteria for SECP Company Strike-Off
- 4. Complete Document Dossier Assembly
- 5. FBR Tax Deregistration & Bank Account Closure
- 6. Gazette Notification & Final Certificate of Dissolution
- 7. Frequently Asked Questions
1. What Is the SECP Easy Exit Scheme (EES)?
Under Section 426 of the Companies Act 2017, the Securities and Exchange Commission of Pakistan (SECP) introduced the Easy Exit Scheme (EES) to allow inoperative, defunct, or dormant Private Limited entities to voluntarily apply for striking off their company name from the Register of Companies.
This administrative scheme eliminates the need for expensive court-supervised liquidations, allowing company founders to legally close dormant entities and eliminate recurring annual filing liabilities.
2. SECP Strike-Off vs Court Liquidation Matrix
Comparing corporate closure mechanisms in Pakistan:
| Closure Mechanism | Target Entity Status | Completion Timeline | Court / Liquidator Requirement |
|---|---|---|---|
| SECP Easy Exit Scheme (Section 426) | Dormant entity with zero assets/liabilities | 60 to 90 Days | No Court / No Liquidator Required |
| Members' Voluntary Winding Up | Solvent company with active assets/debts | 12 to 18 Months | Private Liquidator Appointed |
| Creditors' Voluntary Winding Up | Insolvent company with unpaid debts | 18 to 36 Months | Court Liquidator Appointed |
SECP COMPANY DISSOLUTION SERVICES
Dissolve Your SECP Company Legally with ADVAQ
ADVAQ drafts board dissolution resolutions, prepares Form EES-1, obtains auditor zero-liability certificates, handles FBR NOCs, and secures official SECP strike-off gazette notices.
3. Complete Document Dossier Assembly
Assembling the statutory dossier for SECP Form EES-1 submission:
Unanimous Special Resolution passed by 100% of shareholders authorizing company dissolution.
Auditor report issued by a practicing Chartered Accountant confirming the company holds zero financial assets or unpaid liabilities.
Indemnity Bonds executed on judicial stamp paper by all directors undertaking personal liability for any unforeseen future claims.
4. Gazette Notification & Final Certificate of Dissolution
Upon receiving Form EES-1, SECP publishes a 30-day public notice in national newspapers and the Official Gazette of Pakistan:
Final Dissolution Milestones:
1. Gazette Publication: SECP notifies the public of intention to strike off the company name.
2. Certificate of Dissolution: If no creditor objection is received within 30 days, SECP strikes the company off the Register of Companies and dispatches the formal Certificate of Dissolution.
Frequently Asked Questions
SECP COMPANY STRIKE-OFF SOLUTIONS
Strike Off Your Company Legally with SECP
Easy Exit Scheme Form EES-1 filing, zero-liability auditor certificates, FBR NOC, and Official Gazette strike-off notices handled by ADVAQ.