OPC Wind-up. Simplified.
When a One Person Company has been incorporated, the Registrar of Companies issues it a Certificate of Incorporation that is meant to acknowledge the inception of such a Company. Once the OPC name is entered into the register of Companies, it cannot be struck off until the OPC applies for the closure of the Company or is processed by the consequences of law. Another instance of the OPC name being struck off is when the company does not commence its business on time, or does not submit its yearly returns. The Registrar of Companies can suo motto strike off the name of the OPC in such cases.
One Person Company Closure
Winding up a One Person Company or getting its name struck off the Register of Companies is mandatory if the said company is not conducting any business operations. This frees the OPC from all legal compliances that are now unnecessary and updates the company database of the MCA. The application for closure of an OPC is to be filed within 30 days from the date when the statement of Assets and Liabilities is signed.
One Person Company Closure
Winding up a One Person Company or getting its name struck off the Register of Companies is mandatory if the said company is not conducting any business operations. This frees the OPC from all legal compliances that are now unnecessary and updates the company database of the MCA. The application for closure of an OPC is to be filed within 30 days from the date when the statement of Assets and Liabilities is signed.
The Benefits of Striking off or Closing a One Person Company
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