Now the process of closing a company is done under the new rules, the Companies (Removal of names of companies) Rules, 2016. If you are not running your business, you must close your company. If an OPC is inoperative for more than one year from the date of incorporation then you may apply for closure of the company under the normal procedure or Fast Track Exit (FTE) scheme of the MCA.
OPC can strike off its name from the ROC by any of the following ways:
Strike off the name of the company or winding up of the company is compulsorily required if the company is not in operation, to make the company free from all the legal compliances 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.
The Following documents are required to close a One Person Company:
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