Close One Person Company

Close One Person Company can be expedited if the directors are guided through the complex steps.

Introduction

Since a company has its own separate existence, meeting regulatory compliances and existing apart from its directors and shareholders, it also has its own method of ceasing to exist, rather than an inoperative company simply ceasing to exist. When a company is run by a sole owner with the benefit of limited liability, it operates as a One Person Company, a separate legal entity from its members, thus offering protection to its shareholders & the person in charge. If an OPC has been inoperative for more than a year from its date of incorporation, it can apply for its closing.

Requirements for closing an OPC are tedious procedural steps, so leave the work of figuring them out to our experts by signing up for our OPC Closure service today, so that you can focus on life ahead of your earlier OPC!

eStartIndia will help you in a close one person company from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a free Consultation for Company registration with Our Top Rated Experts with a simple registration.

Why Close One Person Company?

OPCs are generally closed for the following reasons -

Only the director of an office Closing OPC is no longer bound to the regulatory compliances required for the same.
Closing is a simple procedure for inoperative OPCs and a required step in order to extinguish any liabilities.

Documents required for Close one person company

Payment of all debts.
Getting NOCs from Creditors.
Filing of form STK-2 for the closure of the OPC.

Click here to read more about "Close Private Limited Company"

Click here to read more about "Payroll Services"

Registration Process

Upon signing up for closing OPC service, our business experts review the activities of your firm and determine the documents required for the commencing the winding up.
After successfully going through a consultation, our team shall prepare an advisory helping you with the necessary steps and draft the necessary paperwork.
Once the required documentation is compiled, our legal team would file the same with the Ministry of Corporate Affairs.

Package

Basic

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Close your one person company with free and continuous Expert Support

(Professional Fees)

FAQs

Why is RoC filing mandatory after closing a One Person Company?

Closure filings are necessary so that the MCA may update its records, and officially close the OPC so that it is free from all legal compliances. Unless such filing occurs, the OPC remains functional and is obligated to meet regulatory compliances, a default of which would incur liabilities to its partners.

Is there any fee for filing form STK-?

Yes the fees for filing form STK- 2 is Rs. 5000/-.

What are the attachments to form STK-?

Following are the attachments to form STK-2:

A statement of accounts showing the assets and liabilities of the Company made up to a day, not more than thirty days before the date of application and certified by a Chartered Accountant;
Copy of Board resolution authorizing the filing of this application;
Copy of special resolution passed or copies of consent obtained under sub-section (2) of section 248, as applicable;
Indemnity bonds [to be given individually or collectively by the director(s)] in Form No. STK-3;
Affidavit in Form No. STK-4;
Copy of order of the concerned regulatory authority, if any, approving the filing of this application;
Copy of relevant order for delisting, if any, from the concerned Stock Exchange