Legalmark-Logo
Call for Free Consultation +91-6003-707-562

Close a One Person Company

On the off chance that an OPC is out of commission for over one year from the date of joining then the proprietor may apply for the conclusion of the organization under the typical system or Fast Track Exit (FTE) plan of the MCA. If not so it very well may be twisted up willfully or by the request for the Tribunal. Even though it's broken it is mandatorily needed to record every single administrative consistency and normal returns dependably, except if it has recorded the conclusion reports with the concerned ROC. Henceforth it is smarter to petition for the conclusion, so the individuals from the organization are remembered for satisfying the legitimate and administrative compliances.

customer-satisfaction

300+

Happy Customers
customer-satisfaction

300+

Happy Customers
customer-satisfaction

300+

Happy Customers
customer-satisfaction

300+

Happy Customers

Rs 14999/-

All Charges Included

some of our
Recent Clients

    AH TECH SOLUTIONS PRIVATE LIMITED

all you need to know
Close a One Person Company

Twisting up

This kind of disintegration is finished by holding a gathering affirmed by at any rate 2/3 of the banks taking an interest in the gathering. At that point, the administration board should submit to the Commercial Register a solicitation (recorded as a hard copy or electronic structure through the organization enrollment gateway), the individual's disintegration goal, and the minutes of the comprehensive gathering. Twisting up is a more detailed interaction that is fundamentally executed when the organization has resources and liabilities. In the event of ending up a vendor is to be delegated to deal with the undertakings of the injury-up organization.

Striking off

Striking off or evacuation of OPC through the Fast track leave conspire. At the point when an organization acquires the situation with a torpid organization for example it has no movement as an organization since its origin or in the previous one year, it turns into a Defunct Company which can be ended up with a most optimized plan of attack method which is through STK-2 structure. The condition is that it ought to have no resources or liabilities. This can be documented by ROC or by the actual organization. Strike-off is finished by the Registrar as per the prerequisites of the Act. Striking off or evacuation of OPC through the Fast track leave conspire. At the point when an organization acquires the situation with a torpid organization for example it has no movement as an organization since its origin or in the previous one year, it turns into a Defunct Company which can be ended up with a most optimized plan of attack method which is through STK-2 structure. The condition is that it ought to have no resources or liabilities. This can be documented by ROC or by the actual organization. Strike-off is finished by the Registrar as per the prerequisites of the Act.

document required
Close a One Person Company

1

NOC from Regulatory Bodies

NOC for the conclusion to be gotten from Income Tax Department, SEBI, RBI, and so forth if significant

2

NOC from Creditors

The organization should give NOC to the conclusion from banks, assuming any (Draft to be given by LW specialists)

3

Details of Activity

Details whether the organization has been employable for any period. On the off chance that indeed, since when the tasks are ended

4

Legal Liabilities

An assertion in regards to forthcoming cases, if any including the organization

5

Accounting Information

The budget report of the Company for the latest year, arranged before 30 days of recording the application

6

Incorporation Documents

Organization's MoA – AoA, Certificate of Incorporation, PAN card, and other enlistment endorsements

steps involved in
Close a One Person Company

Step 1 1-2 Days
  • Conversation and assortment of fundamental Information
  • Give required reports
Step 2 3-8 Days
  • Audit of the subtleties and archives outfitted
  • Drafting of vital goals
  • Drafting of the sworn statement, repayment bond, and different archives
  • Give appropriately executed oath 7 reimbursement bond
  • Give marked reports after the survey
Step 3 9-15 Days
  • Arrangement of utilizations for web-based recording
  • Recording of required structures and archives with MCA
  • Application for the striking-off organization name
Step 4 16-16 Days
  • Government preparing time to favor strike-off
  • The notification of strike-off to be distributed by MCA after endorsement

Frequently Asked Questions
Close a One Person Company

Can Registrar of Company additionally eliminate the Company, for example obligatory organization conclusion by Registrar of Companies (ROC)?

The Registrar of Companies can eliminate the organization name from the rundown of organizations on the off chance that he has sensible reason to accept that: - A Company neglected to initiate its business within one year of its consolidation or - An organization isn't continuing any business or activity for two quickly going before monetary years and has not made any application inside such period for acquiring the situation with a torpid organization.

What is dissolving an organization under quick track exit from MCA?

Fast Track Exit is a scheme introduced by the Ministry of Corporate Affairs (MCA) for inactive companies to wind up and get their names struck off from the MCA record with lesser formalities.

Why it advantageous to close the Company in India?

A conclusion is the most ideal alternative on the off chance that the organization isn't running as it:

  • Recoveries the yearly consistency cost
  • No rebelliousness hazard
  • No danger of high punishments and arraignments
  • No danger of getting into default
What is mean by One Person Co. (OPC) Closure?

A conclusion of one individual organization can be documented when the organization isn't dynamic and needs to shake hands off its liabilities and compliances. It needs to reimburse or smother every one of its liabilities and get a No Objection Certificate (NOC) from the leasers before recording the conclusion application. Furthermore, lead a gathering where the chief and individuals settle on the conclusion by marking a unique goal or an assent of 75% individuals concerning settled up share capital.

What is as far as possible to record the conclusion reports with the Registrar?

The end reports must be recorded within 30 days from the date of marking of the resources and liabilities explanation.

must read articles
Close a One Person Company