Strike Off OPC
Senixa Legal helps you to Strike off your OPC and stop complying with routine compliances. Prices starting from INR 17999/- only.
Step 1
Complete 1 simple form & Verification of documents by our experts
Strike Off OPC
At a point when the Company has consolidated a Certificate of Incorporation is issued by the Registrar of Companies which recognize the existence of the Company. Once the name of the company is entered into the registrar it cannot be removed unless the company applies to it or legally processed. 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 ending up of the company is compulsorily required if the company is not in operation, to make the company liberated 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:
1. No Penalty – Once the closure is begun, there is no need for the company to be stressed about being in a state of paying the penalty fee for the causes that are not addressed.
2. Liberated from Compliance – There is no need to be compliant since the company would be closed.
3. Suitable Business – If the business that you have chosen is not running and returning profits, then its resources can be used for a better one.
You may get in touch with our experts to know more about strike off company procedure/procedure of strike-off company India on +91-9999347181 or email info@senixalegal.com
Steps to Strike Off OPC Procedure
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Name Approval
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
Registration
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
FAQs on Strike off Company
What is meant by Closure of One Person Company?
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.
Why should I close my OPC?
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.
Can Registrar of Companies remove a company i.e. compulsory company closure by Registrar of Companies?
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.
How much time is needed to dissolve One Person Company according to the fast track exit system?
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 the Ministry of Corporate Affairs.
What is the time limit for filing the closure documents with the Registrar?
The closing documents must be filed within 30 days from the date of signing of the assets and liabilities statement.
Why is it suitable to close company in India?
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
Have some queries?
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@senixalegal.com or call us @+91 9999347181
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