Cancellation of a One Person Company – Made Easy by GST Suvidha Centre!
What is Cancellation of One Person Company?
Cancellation of One Person Company refers to legally closing a OPC notified and registered under Companies Act, 2013. This is required when the OPC is not operational or if the OPC owner wants to wind up the business. GST Suvidha Centre provides fast and professional Cancellation of One Person Company Online, ensuring legal compliance and peace of mind.
Why should you cancel your One Person Company?
The Cancellation of a One Person Company in India is essential if your OPC is not operational or has not filed its annual returns or financial statements. This may lead to heavy penalties or the disqualification of your director. It is the Cancellation of One Person Company in India that ensures you have removed your business name from the Registrar of companies (ROC) records and have relieved yourself of all legal obligations.
- Business Inactivity for 1 year since incorporation or for 2 financial years
- Persistent losses and a lack of profitability.
- Insolvency or inability to pay debts.
- The owner’s decision to retire or pursue other interests.
- The death of the sole director.
- Failure to comply with regulatory requirements or legal obligations.
- Violation of laws
What is the process of closure of a One Person Company Online?
A One Person Company can be closed in 3 major ways –
1. Fast Track Exit – Strike off under section 248
- Best for Dormant or inactive companies
- The company can apply in case of no business activity for the last 1 year before the application or since incorporation
Steps:
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Board Meeting & Resolution for closure
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E-clearance from Directors (Affidavit & Indemnity Bond)
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Prepare financial statements (latest), certified by CA
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File Form STK-2 with ROC
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ROC verification
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ROC publishes notice & strikes off the company
2. Voluntary Winding up
- On the occurrence of any event that calls for dissolution under the articles
- On expiry of the duration of the company
Steps:
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Passing of a Resolution in the general meeting for closure
- Taking consent of Trade Creditors for the closure
- Declaration of solvency
- Appointment of liquidator to carry out winding up proceedings & present a report before general meeting
- The liquidator send copy of the final accounts of the company and resolutions to the ROC
- The liquidator make application to Tribunal for dissolution
- Upon satisfaction, Tribunal passes an order of dissolution within 60 days of the application
3. Compulsory Winding up
The Tribunal can compulsorily wind up a company in case of an unlawful or fraudulent act
Steps:
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Filing of a petition by the company or creditors, or the government, ROC
- Audited Statement of affairs to be submitted along with the petition
- Advertisement of the petition for at least 14 days in the regional and English language
- Proceedings of the tribunal and appointment of a liquidator by the tribunal
- The liquidator will carry on the winding-up process and report to the Tribunal
- The liquidator makes an application to the Tribunal for the dissolution
- Upon satisfaction, the Tribunal passes an order of dissolution within 60 days of the application
How do I apply for Cancellation of One Person Company Online?
GST Suvidha Centre makes the process straightforward:
As part of this service, we provide the following:
- Drafting and filing of Form STK-2, affidavits, indemnity bonds, resolutions, and all supporting documents.
- Support in IBC-based voluntary liquidation, appointment of liquidator, asset settlement, and NCLT coordination.
- Compliance Completion Before Closure
- Document Drafting & Legal Paperwork
- ROC & NCLT Coordination
- Liability & Asset Settlement Guidance
- Post-Closure Support
Process to Avail Our One Person Company Registration Service
- Book a Consultation (Optional)
Visit our website to schedule a free consultation call if you require guidance before proceeding. - Select and Add the Service to Cart
Choose the Cancellation of One Person Company service and add it to your cart. You may opt to proceed directly without a consultation. - Upload Required Documents and Complete Payment
Securely upload all necessary documents on our portal and finalise the process by making the payment. - Back-End Processing by Our Team
Our team will carry out all required procedures and formalities using the documents you have provided. - Completion and Document Handover
Upon completion, you will receive your dissolution order or other relevant documents associated with the service.
The whole Cancellation of One Person Company Online process is managed by experienced planners, making sure everything is proper according to the law, and helping you stay stress-free.
What documents are needed to Cancel a One Person Company?
1. Company & Registration Documents
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Certificate of Incorporation
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Memorandum of Association (MOA)
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Articles of Association (AOA)
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PAN Card of the Company
2. Director’s Documents
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PAN & Aadhaar of all Directors
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Passport-size photographs (if required)
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Digital Signature (DSC) of Directors
- Declaration of Directors
3. Internal Company Documents
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Board Resolution for Closure
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Special Resolution by Shareholders
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Affidavit by Directors
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Indemnity Bond from Directors
4. Financial & Compliance Documents
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Latest financial statements and Statement of Accounts certified by a Chartered Accountant
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Bank account closure certificate
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Proof of no asset/liability (if applying via Strike Off)
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ITR acknowledgement of all previous years
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MCA annual filings (AOC-4, MGT-7)
5. Other Required Documents
- List of creditors, if any
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NOC from concerned authorities (if applicable)
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Proof of cessation of business operations
Our professionals will help you prepare and verify each of the documents detailed above.
How much does Cancellation of One Person Company in Bilaspur and Chhattisgarh cost?
Cancellation of One Person Company in Bilaspur or in Chhattisgarh or any other place in India will depend on the company structure and outstanding compliances. GST Suvidha Centre offers rates that are reasonable and which include all services such as document drafting, MCA filing, and government fees.
Why choose GST Suvidha Centre for company cancellation?
• Complete online and paperless approach.
• An adept team of company law professionals.
• Transparent prices and no hidden costs.
• PAN India service available.
• Support after closure for GST and PAN cancellation.
Closing your OPC with GST Suvidha Centre makes the process smooth, legal, and hassle-free.
Frequently Asked Questions:
Q1. Can I apply for Cancellation of One Person Company near me?
A. Yes, GST Suvidha Centre offers Cancellation of One Person Company through the PAN India coordinated network of centres and online assistance.
Q2. How long does it take to cancel OPC?
A. Cancellation of One Person Company Online usually takes approximately 2-3 months depending on the MCA processing time.
Q3. Is it required to complete annual filing before cancellation?
A. Yes. ROC does not allow closure if annual returns and financial statements are pending. Our team helps you file all pending forms (AOC-4, MGT-7A) and returns before initiating closure.
Q4. Can a Company with dues or liabilities be closed?
A. No. You must clear the dues before filing for cancelling of OPC.
Q5. Do GST Suvidha Centre provide assistance after closure?
A. Yes, even after closure, we assist with record management, Cancellation follow-up with ROC, surrender of GST, closure of the bank accounts, PAN deactivation and other queries.
Close your One Person Company legally with GST Suvidha Centre – your trusted partner for company closure services in India, Bilaspur, and Chhattisgarh.
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