CLOSURE OPC

CLOSURE OPC

ONE PERSON COMPANY IS EASY TO MANAGE AS IT IS OPERATED BY ONLY ONE PERSON i.e. IN ONE PERSON COMPANY THERE IS ONLY ONE DIRECTOR AND THERE IS ONE NOMINEE DIRECTOR. PROCESS OF CLOSING A ONE PERSON COMPANY IS KNOWN AS STRIKE OFF OR COMPANY CLOSURE.

ONE PERSON COMPANY CAN BE CLOSED VOLUTARILY. ANY ONE PERSON COMPANY WHICH HAS NOT BEEEN OPERATIVE FOR MORE THAN 1 YEAR FROM THE ITS DATE OF INCORPORATION CAN APPLY FOR CLOSING THE COMPANY.

DETAILS AND PROCEDURE REQUIRED FOR ONE PERSON COMPANY CLOSURE:-

  1. APPLICATION TO THE REGISTRAR THAT THE COMPANY WISHES TO CLOSE ITS BUSINESS.
  2. BOARD RESOLUTION FOR APPROVING THE CLOSURE BY BOARD OF DIRECTORS.
  3. DIRECTORS CONSENT.
  4. INDEMNITY BOND
  5. DIRECTORS AFFIDAVIT
  6. STATEMENT OF ASSETS AND LIABILITIES.

APPLICATION MUST BE FILED WITH THE REGISTRAR ACCOMPANYING WITH THE PRESCRIBED FEE WITHIN 30DAYS OF SIGNING THE STATEMENT OF ASSETS AND LIABILITIES.

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