Strike off OPC – H & G eBiz Pvt. Ltd.

Strike off OPC

Strike off your OPC and stop complying with routine compliances. Prices start at INR 17,999/- only.

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Strike off OPC

Overview

Strike off the name of the company or winding up of the company is compulsorily required if the company is not in operation, to make the company free from all the legal compliance. The strike off application should be filed within 30 days from the date of signing the statement of Assets and Liabilities.

How to Close OPC in India

Filing of a company closure is done under Form STK 2 (previous form was FTE) with the government prescribed fees of Rs. 5000 and some essential documents. However it is important to remember the circumstances where closure can be filed. A Company closure can be filed according to the following steps:

Paying off all Liabilities: The first step is to repaying all the liabilities of the company and asking for written No Objection Certificate (NOC) from them. If you have not started the business/functions, then this clause is not applicable.

Require 75% Consent: This condition is not applicable for One Person Company (OPC) in India as in the case of OPC, all the 100% shares are owned by the individual and therefore he requires no approval from any other individual.

Making Application: The next step is to make application and file the same with Registrar of Companies through form STK – 2.

LLP Obtain the consent of the parties i.e. any other authority, creditors and partners.

Advantages of Striking off / Closing an OPC:

No Penalty
Once the closure is started, there is no need of the company to be worried about being in a state for paying the penalty fee for the causes that are not addressed.

Free from Compliance:
There is no need to be compliant since the company would be closed.

Suitable Business:
If the business that you have chosen is not running and yielding profits, then its resources can be used into a better one.

Compulsory Documents for OPC Wind up

The Following documents must be required to close One Person Company:

Application for striking off the name of OPC - To close a company through usual process, a copy of application for striking off the name of the company is necessary to file in form STK-2 with the Registrar of Companies. Before in Companies Act, 1956 companies were closing through the FTE (Fast Track Exit) process with the striking off application filed in form FTE with the prescribed government fees.

Board Resolution for closing

Declaration with Board Resolution

Approval of Directors

Permission of creditors

Affidavit of Director

Indemnity Bond

Statement of Assets and Liability

Statement of Accounts

Documents required for the closure of the OPC

Digital Signature of the Director

PAN and Aadhaar card of director

Consent Letter and Affidavit of its Director

Consent of the Creditors of the One person company

Indemnity Bond duly notarized by the director (in Form STK 3).

A certified statement of liabilities by a Chartered Accountant comprising of all assets and liabilities of the companies.

An affidavit by the director of the one person company in Form STK 4.

CTC of Special Resolution duly signed by every director of the company.

A statement concerning any pending litigation with respect to the company.

Strike Off OPC Packages

Standard

17,999/-

Wind up a company with no transactions since incorporation

Buy

regular

20,099/-

Wind up a company with no transactions since incorporation

Directors' DIR 3 KYC

Form 20A Filing for capital upto INR 1 Lakh

Buy

advance

22,899/-

Wind up a company with no transactions since incorporation

Directors' DIR 3 KYC

Form 20A Filing for capital upto INR 1 Lakh

DSC Application Class II Individual 2 Year Validity

GST Cancellation

Buy

Procedure for Winding Up One Person Company

This kind of dissolution can be performed by organizing a meeting accepted by at least 2/3 of the creditors taking part in the meeting. Then the management board must submit to the Commercial Register a request (in writing or online form through the company registration website), the minutes of the general meeting and the members' dissolution resolution. Winding up is a more detailed procedure that is automatically applied when the company possesses assets and liabilities. In the case of winding up, a liquidator is to be appointed to handle the matters of the wound up company.

Removal or striking off an OPC through the Fast track exit scheme - When a company acquires the status of a dormant company i.e. it is inoperative as a company since its incorporation or in the past 1 year, it becomes a defunct Company that can be wound up with a fast-track process through STK-2 form. It should not have any assets or liabilities. This can be filed by Registrar of Companies or by the company itself. Strike off can be done by the Registrar consistent with the needs of the Act

Any company registered in India can be compulsorily winded up by the action of the tribunal or court, if the respective company has indulged in any fraudulent/ unlawful activities. The petition can be filed by

The company itself

The Registrar of companies (ROC)

The creditors of the company

The central/state governments

The contributors

If the ROC finds the draft satisfactory he then approves the winding up of the Company and the name of the Company is strike from the register of Companies.

ROC sends notice for Publication in the official gazette of India

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