Close One Person Company

INR 24,999 /- (All Inclusive)

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Close One Person Company

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.

Winding Up One Person Company Fees

 

Close One Person Company

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Within 15-20 Days

INR 24,999 /-

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Documents Required for One Person Company Closure

 

Mandatory Documents

  • Indemnity Bond notarized by Directors (STK 3)
  • Statement of Accounts latest
  • Statement of Accounts containing assets & liabilities of the Company Audited by CA
  • Affidavit in Form STK 4 by Sole Director
  • Signed Resolution by Sole member

Optional Documents (If Applicable)

  • Bank Account Closure Certificates
  • PAN Card of the Company

 

Frequently Asked Questions

 

Is it mandatory to file the closure application with Registrar of Companies (ROC)?

Yes, it is mandatory to file the closing application with the Registrar of Companies (ROC) as the file records need to be updated and the OPC gets free from all applicable legal compliances. 

What is the time to submit the closure application of One Person Company to ROC?

The form has to filled and filed with Registrar of Companies (ROC) office within 30 days from the date of signing of the Statement of Assets and Liabilities.

 

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