The MCA (Ministry of Corporate Affairs) provides the new rules for the closure of the company. You can close your company by any of the following ways:
You can shut the company by declaring as a defunct company and file the application for strike off the name of the company from the ROC. For closing of the company, you need to follow the prescribed procedure as you followed at the time of incorporation of the company. At least one year from the date of incorporation of the company must have passed for declaring company as defunct.
An OPC registered in India with MCA (Ministry of Corporate Affairs) can be closed voluntarily but after two years from the date of incorporation of the company. No OPC is allowed to wind up its business before the expiration of the period of two years except in a case when company cross the threshold limit.
Company can be wind up before expiration of two years if tribunal is in opinion to close the company and pass an order for the same.
Related: Documents Needed to Close an OPC