OPC Strike off

One Person Company (OPC) Strike Off is a process of closing down a single-member company. It involves complying with legal requirements, filing necessary documents, and obtaining clearance from regulatory authorities.

To relieve a company from legal obligations and update the MCA database, it is mandatory to strike off or wind up the company if it is non-operational. The strike-off application should be submitted within 30 days of signing the statement of Assets and Liabilities, ensuring compliance and freeing the company from regulatory requirements.
 

• Penalty-Free Closure: When initiating closure, there is no need for the company to worry about paying penalty fees for unresolved issues.
• Compliance Relief: As the company is closed, there is no requirement to maintain compliance.
• Resource Reallocation: If your chosen business is not profitable, its resources can be redirected towards a more promising venture.

• Digital Signature of the Director
• PAN and Aadhaar card of the director
• Consent Letter and Affidavit of the Director
• Consent of the Creditors of the One-Person Company
• Indemnity Bond (Form STK 3) duly notarized by the director
• Certified Statement of Liabilities by a Chartered Accountant in Form STK-8
• Affidavit by the Director (Form STK 4)
• CTC of Special Resolution signed by every director
• Statement on Pending Litigation concerning the company

1. Board Resolution: The OPC must pass a board resolution recommending the strike off and appointing a director to make the application.
2. Application Filing: The appointed director needs to file an application in Form STK-2 with the Registrar of Companies (ROC) along with the required documents.
3. Required Documents: The application must be accompanied by documents such as board resolution, NOC from creditors, and an indemnity bond in Form STK-3 and affidavit in Form STK-4 and Statement of Accounts Form STK-8 and Bank Account Closure Statement..
4. Verification: The ROC will verify the application and documents submitted. If satisfied, they will issue a notice on the official website for a period of 30 days.
5. Objections: During the notice period, any interested person can raise objections to the strike-off. The ROC will consider the objections before proceeding.
6. Strike-Off: If there are no objections or the objections are resolved, the ROC will issue a final notice confirming the strike off and the OPC will be dissolved.
7. Publication: The notice of strike-off will be published in the Official Gazette and the OPC's name will be struck off from the register.

It is important to note that the process may vary based on the specific requirements and regulations of the jurisdiction. It is advisable to consult a professional or seek guidance from the ROC for accurate and up-to-date information.