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999.00 Indian Rupee ₹ Closure of OPC Company Noida

Published date: March 20, 2024
Modified date: March 20, 2024
  • Location: Noida, Noida, Uttar Pradesh

Closure of an OPC (One Person Company) involves a series of procedural steps aimed at legally winding up the business entity while ensuring compliance with regulatory requirements. Whether due to financial constraints, changes in business objectives, or other reasons, closing an OPC requires careful consideration and adherence to legal obligations.

The first step in the closure process is to convene a meeting of the board of directors or the sole member, depending on the structure of the OPC. During this meeting, a resolution to initiate the closure process is passed, and a designated individual, typically the sole member or a director, is appointed to oversee the dissolution proceedings.

Next, the OPC must settle all outstanding liabilities, including debts, taxes, and other financial obligations. This may involve selling assets, settling outstanding payments, and obtaining clearance certificates from relevant authorities, such as the tax department and creditors.

Once all liabilities have been settled, the OPC must file an application for closure with the Registrar of Companies (ROC) in the prescribed format. The application must include various documents, such as the board resolution, financial statements, and a declaration of solvency signed by the sole member or director.

Visit: https://apkatax.in/opc-closure/

Contact Us: 1800-571-7111

Our Office Address: No. 49, 2nd Floor, B Block, Sector 63, Noida, Uttar Pradesh 201301

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