Close One Person Company in India

Winding up the business operations of a company is a tough job. As there are different types of business formats available in India, each one has its own procedure in regard to closure. Among them, One Person Company (OPC) is a widely adopted business model and quite popular in the business community. Due to one or many underlying reasons, OPC owners decide to shut down its operations.

One Person Company is a business model in which its operations are managed by a single person and comes with the benefit of limited liability. The concept was introduced through the Companies Act, 2013. The foremost objective behind bringing up this model was to award corporate identity to small businesses.

The application for the closing of a One Person Company (OPC) is filed using Form STK 2 (Earlier form was FTE) along with the government fees of Rs.5000/- and some necessary docs. However it is important to note the cases where closure can be filed. A Company closure can be filed after the following steps:

Pay all Liabilities: The first and foremost step is to clear all the liabilities of the company and get written No Objection Certificate (NOC) from them. However, in case you have not started the business/operations, then this clause does not apply to you.
Need 75% Consent: This condition does not apply to One Person Company (OPC) in India because under OPC all the 100% shares are owned by the individual and hence he needs no approval from any other person.
Prepare Application: The next step is to prepare application and file the same with ROC through form STK - 2 (Earlier Form FTE).

The entire closure procedure can be completed in a minimum of 15 working days.

At Trademark Bazaar, our team helps businessmen in the dissolution of their One Person Company at ease. We ensure to deliver 100% customer satisfaction by exhibiting highest degree of professionalism. Our team of qualified legal professionals, chartered accountants and company secretaries would aid you to close down your OPC online.

Backed by a strong network across India, we guarantee prompt response and most sought after solution to businesses operating in India. Since our inception, we have been involved into infusing unprecedented levels of ease in setting up and management of businesses.

About Trademark Bazaar

The most preferred partner in India for those looking to set up their own business. Give your business dream a flying start with us as we are right here to make it realistic and possible in a cost effective manner. Set up in the year 2017, our aim is to make it easy and affordable for entrepreneurs to make their boats sailing in the right manner. Right from the beginning, we are poised towards infusing unprecedented levels of ease and value in the company incorporation procedure.

We help entrepreneurs in meeting legal and regulatory requirements by partnering them at each & every stage of their business life cycle.

Setting up a Business :-

Setting up a business in India is quite a mountainous job for many due to huge complexity. Be it a Private Limited Company, Public Limited Company, Limited Liability Partnership, Sole Proprietorship, One Person Company or any other company format, choosing the right procedure and meeting all statutory guidelines is utmost necessary for a smoother drive ahead. At Trademark Bazaar, our business incorporation experts would guide you through the most appropriate business model basis your distinctive needs, budget and other factors. Our personalized and consultative approach towards business incorporation makes us a leader in the segment.

Intellectual Property :

Securing your business assets is another important aspect for a business owner. Intellectual property elements such as trademark, copyright, and patents need to be obtained in a prescribed manner from the respective authority so as to gain full control of your products/services. At Trademark Bazaar, we are all set to provide full-fledged assistance in regard to Intellectual Property management. Irrespective of your industry type and product category, our professionals are ready to provide value-oriented services in a cost effective manner.

Close One Person Company