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Closure of OPC

The closure of an One Person Company (OPC) involves winding up its operations and formally dissolving the entity. Similar to other company closures, this process requires the settlement of liabilities, disposal of assets, and submission of necessary filings to the Ministry of Corporate Affairs (MCA). Since an OPC has only one shareholder and one director, the process is more straightforward, but it still requires formal board and shareholder approval, submission of documents like Form 24, and settlement of all financial matters. The company’s name is then struck off from the Registrar of Companies (ROC) records, and the OPC ceases to exist as a legal entity. The process ensures that the OPC is closed in compliance with the Companies Act, 2013, and no further legal obligations remain.

 
     
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