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What is Strike Off OPC ?

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.

Documents Required for Strike Off OPC
  • 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.
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.
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