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Forbes Modern India Game Changer 2024
5,752+ Five Star Google Reviews
Saved Crores of Rupees & Millions of Startup Hours
Best Mobile App Experience
18,000+ Startups Served Across India
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Close One Person Company
Close One Person Company (OPC) in India
Legally Wind Up Your Inactive or Unwanted OPC with Expert Support
Overview
A One Person Company (OPC) can be voluntarily closed when it is no longer in operation or required. The process ensures all legal liabilities are cleared, and the company is officially struck off from the Ministry of Corporate Affairs (MCA) records. SSA Tax helps you navigate the legal procedures to ensure a smooth and compliant closure of your OPC.
Why Close an OPC?
Business operations discontinued
No future plans for the company
Avoid unnecessary compliance costs
Transitioning to another business structure
Legal requirement to close non-active entities
Modes of Closure
1. Fast Track Exit (Strike Off under Section 248)
For OPCs that haven’t been operational for 1+ years.
2. Voluntary Winding Up
If company has assets/liabilities and wants a formal liquidation process.
Documents Required
| Document | Details |
|---|---|
| Board Resolution | Approving closure |
| Affidavit & Indemnity Bond | From sole member & director |
| Statement of Accounts | Not older than 30 days |
| ITR Acknowledgment | Of latest financial year |
| Consent Letter | From creditors (if applicable) |
| PAN, COI & MOA/AOA | Company incorporation documents |
Step-by-Step Closure Process
| Step | Description |
|---|---|
| 1 | Hold Board Meeting and pass closure resolution |
| 2 | Prepare Affidavits and Indemnity Bond |
| 3 | File e-Form STK-2 with ROC |
| 4 | ROC scrutinizes documents and issues Notice |
| 5 | Name of OPC struck off from MCA records |
Timeline: 25–30 working days (approx.)
Important Notes
All statutory dues and liabilities must be cleared before closure.
Bank account must be closed and NOC obtained from bankers.
Late compliance penalties (if any) should be cleared beforehand.
FAQs
Q1. What is the difference between winding up and strike-off?
Strike-off is for inactive companies; winding up is more formal and is used if the company has assets/liabilities to liquidate.
Q2. Can an OPC be closed voluntarily within a year of incorporation?
No, the OPC must be inactive for at least 1 year before applying under Fast Track Exit.
Q3. What if the company has assets or liabilities?
Voluntary winding-up procedure must be followed with approval from the Tribunal (NCLT).
Q4. Can the same name be reused in future?
No, once the name is struck off, it cannot be used immediately. MCA restrictions apply.
Why Choose SSA Tax?
End-to-End Documentation
MCA & ROC Compliance Handling
Legal Vetting by Professionals
Transparent Process & Pricing
Quick Processing Time
What Our Clients Say
“We closed our dormant OPC with the help of SSA Tax. The process was smooth and completely online.”
– Ritika Shah, Ex-Founder, Optra Digital OPC
Need Help Closing Your OPC?
Email: info@ssatax.in
Call/WhatsApp: +91-9773346539/38/34
Website: www.ssatax.in
Request Free Consultation
Don’t Let an Inactive OPC Add to Your Compliance Burden!
Let SSA Tax help you shut it down legally and efficiently.