Strike Off OPC

AGRAWAL KANHERE ASSOCIATES

Strike Off OPC

All you need to know

When the Company has incorporated a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company. Once the name of the company is entered into registrar it cannot be removed unless the company applies to it or processed by law. When the company fails to commence its business or fails to submit yearly returns, the registrar by its may suo motto strike off the OPC.

One Person Company Strike Off:

Strike off the name of the company or winding up of the company is compulsorily required if the company is not in operation, to make the company free from all the legal compliance and to update the MCA database. The strike off application should be filed within 30 days from the date of signing the statement of Assets and Liabilities.

Advantages of Striking off / Closing an OPC:

  • No Penalty – Once the closure is started, there is no need of the company to be worried about being in a state for paying the penalty fee for the causes that are not addressed.
  • Free from Compliance – There is no need to be compliant since the company would be closed.
  • Suitable Business – If the business that you have chosen is not running and yielding profits, then its resources can be used into a better one.

Why caagrawalkanhere as your service provider for OPC strike off?

caagrawalkanhere.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Contact caagrawalkanhere for Foreign Company Annual Filing and Company Annual Return Filing. OPC Strike off is easy, seamless, cheapest and quickest with caagrawalkanhere.com! Apart from Company Annual returns, caagrawalkanhere.com also helps you to file GST Returns, TDS Returns, PF Returns and ESI Returns easily. You may get in touch with our compliance manager to know more about strike off company procedure / procedure of strike off company India on 0755 276 1432 or email info@caagrawalkanhere.com for free query.

Easily Strike off OPC

Points to make your decision easy

Quick Strike off

By submitting an application with the MCA in around three to six months, a corporation may also be closed. There is a quick exit procedure. The entire procedure is hassle-free and can be finished online. .

Cheap

It is advised to wind up a dormant company rather than complying with different rules like filing, auditing, etc. if the company is inactive or defunct. Annual compliance expenditures are reduced as a result. .

Avoid Penalties

When a business doesn't submit its compliance on time, it faces fines and penalties, including the directors being barred from founding new businesses. Thus, it is wise to formally dissolve a firm. .

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Documents Required for One Person Company Strike Off

Quick Checklist

  • Digital Signature of the Director
  • PAN and Aadhaar card of director
  • Consent Letter and Affidavit of its Director
  • Consent of the Creditors of the One person company
  • Indemnity Bond duly notarized by the director (in Form STK 3).
  • A certified statement of liabilities by a Chartered Accountant comprising of all assets and liabilities of the companies.
  • An affidavit by the director of the one person company in Form STK 4.
  • CTC of Special Resolution duly signed by every director of the company.
  • A statement concerning any pending litigation with respect to the company.

How to Strike Off OPC / strike off company procedure?

5 Easy Steps

1

Complete 1 simple form

2

Verification of documents by our experts

3

Application of Strike Off

4

Processing of Appliication

5

Your Company is under Strike Off Procedure

Fill Simple Checklist

A compliance manager will contact you to collect your paperwork and provide a brief checklist. You must complete that checklist and submit it with your supporting documentation for validation. The process will continue after the documents you submitted have been verified by our team of specialists. Throughout the process, the compliance manager assigned to you will keep you informed of the status of the company's strike. . .

Strike off Application

We will begin filing all outstanding forms and papers, including form AOC 4 and MGT 7, which are for annual returns and financial statements, as soon as all of the information and supporting documentation you have provided has been confirmed. As well as preparing our own paperwork, such as an indemnity bond in form SKT 3 and an affidavit in form SKT 4, we will also proceed to file a strike-off company application in form SKT 2 with all required supporting documentation. . .

ROC procedure

Once we have submitted the application for strikeoff, the ROC will publish a notice informing the public and asking objections, if any, to the planned strikeoff. When the ROC is satisfied that all necessary measures have been made for realising the amounts owed to the OPC and for paying or dischargeing its liabilities. Once all has been done, the Registrar will remove the name and dissolve the OPC. The Official Gazette will publish notice of the dismissal and the dissolution. . .

FAQs On Strike Off OPC

Get answers to all your queries

The procedure of closing One Person Company (OPC) is known as Strike off or company closure. Company closure is performed according to recent provisions of Companies (Removal of Names of Companies) Rules, 2016 that is administered by section 248 of Companies Act, 2013. If your company remains inoperative, it is recommended to close the One Person Company.
If you are not running a company and not even following the law then you can file OPC Company closure to prevent any default. It is recommended for a defunct company, dummy company and non operative companies to file for company closure to prevent late penalties.
The Registrar of Companies can strike off the company name from the registers of companies if he finds legitimate cause to do such : – A Company cannot commence its business within 1 year of its incorporation OR – A company is not performing any business or operation for 2 immediately preceding financial years and has not made any application within such tenure to acquire the status of a dormant company.
Once, filing the application with the Ministry of Corporate Affairs is done, it takes about 90 days to strike off the Company from records of Ministry of Corporate Affairs.
The closing documents must be filed within 30 days since the date of signing of the assets and liabilities statement.
A closure is the best alternative if company is not running since : – It can save the cost of yearly compliance – There is not any risk of compliance – No risk regarding enhanced penalties and prosecutions – No risk involved to be in to default
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