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.
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