1. Fill Form
Fill out the form to get started.
Closure Of One Person Company
@ Rs. 4999/-
Are you looking to close your One Person Company? Our expert team can guide you through the legal process, including appointing a director to oversee the closure. Let us take care of all the necessary steps for a smooth and hassle-free closure.
HOW DOES IT WORKS?
WHY KAAGZAAT
1200+ STARTUPS TRUST US
FAQ's
1. Can a One Person Company (OPC) be closed voluntarily?
Yes, an OPC can be closed voluntarily by filing an application for closure with the Ministry of Corporate Affairs.
2. What is the process for closing an OPC voluntarily?
The process for closing an OPC involves conducting a board meeting, obtaining consent from shareholders, and filing necessary forms with the MCA.
3. Are there any specific requirements for closing an OPC?
Yes, there are specific requirements such as settling all debts and liabilities, obtaining approval from creditors, and submitting a closure application within 30 days of winding up operations.
4. How long does it take to close an OPC?
The time taken to close an OPC may vary depending on various factors such as completion of required processes and approvals from regulatory authorities.
5. Can an OPC be closed if it has pending legal disputes or litigations?
It is advisable to resolve all legal disputes and litigations before initiating the closure process of an OPC to avoid any complications.
6. What happens to the assets and liabilities of an OPC during closure?
The assets of the OPC are liquidated to settle its liabilities before distributing any remaining funds among shareholders.
7. Is it necessary to inform employees about the closure of an OPC?
Yes, it is important to inform employees about the closure of the company in compliance with labor laws and regulations.
8. Can a director of an OPC face legal consequences if proper procedures are not followed during closure?
Yes, a director may face legal consequences if proper procedures are not followed during the closure process including penalties or disqualification.
9. Can a dormant OPC be closed voluntarily?
Yes, even a dormant OPC can be closed voluntarily by following the prescribed procedures for closure as per company law.
10. Is professional assistance required for closing down an OPC?
While it is possible to close down an OPC without professional assistance, seeking help from experts or consultants can ensure a smooth and compliant closure process.