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WHAT IS CLOSURE OF A ONE PERSON COMPANY (OPC)

Closure of a One Person Company (OPC) is the formal legal process through which your sole proprietor business entity is officially dissolved and removed from the Registrar of Companies (ROC) records. This ensures you are free from any further compliance or financial liabilities. This process is particularly important for exporters and importers who want to conclude an inactive business cleanly and focus on new ventures.

Key Topic Index

  • Documents Required for Closure of One Person Company
  • Benefits of Closure for Exporters and Importers
  • Frequently Asked Questions (FAQs)
  • How Make Merchant Can Help You
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Documents Required for Closure of One Person Company

To begin the closure process, you will need the following key documents:

  • Application for striking off the company (Form STK-2)
  • Board resolution passed by the sole member approving the closure
  • Consent letter and affidavit from the director confirming no outstanding liabilities
  • Indemnity bond from the director
  • Approval and consent from creditors, if any liabilities exist
  • Audited statement of accounts showing zero assets and liabilities
  • Bank statements confirming closure of company bank accounts
  • No objection certificates (NOCs) from government authorities, such as Income Tax Department, if relevant

Benefits of Closure for Exporters and Importers

  • Clears Legal Liabilities : Once closed, the OPC no longer incurs statutory compliance or financial liabilities.
  • Cost Effective : Avoids future expenses related to compliance filings and penalties for inactive companies.
  • Official Documentation : Closure documentation helps maintain credibility with banks, customs, and business partners essential for future trade operations.
  • Simplifies Future Ventures : Allows you to start new export-import businesses or other companies without legacy complications.

Frequently Asked Questions (FAQs)

The closure typically takes about 2-6 months from document submission to official deregistration.

No, all debts and liabilities must be cleared before initiating closure.

Yes, formally closing the company is necessary to avoid penalties and ongoing compliance requirements.

They avoid compliance hassles and get clean regulatory standing for smoother future trade dealings.

Yes, Make Merchant provides full assistance—from document preparation, coordination with Chartered Accountants, filing with ROC, to handling authority queries—making the process seamless and compliant.

How Make Merchant Can Help You

Make Merchant offers professional, end-to-end services to help you smoothly close your OPC :


  • Expert advice on required documents and procedural compliance.
  • Preparation and notarization of affidavits, resolutions, and indemnity bonds.
  • Coordination with Chartered Accountants for necessary audits and account certification.
  • Filing of Form STK-2 and follow-up with the ROC until closure certificate is obtained.
  • Ongoing support to resolve any queries from authorities.
  • Post-closure guidance to facilitate your next business steps, especially for exporters and importers.

When you want to launch your business, Make Merchant is where it's at!

With Make Merchant, closing your One Person Company is efficient, legally compliant, and hassle-free—helping you move forward confidently.

Closure of One Person Company is a structured, legal process that ensures your business is formally and cleanly wound up, preventing future risks and enabling new ventures

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Contact Info

Office Address

Address: 308, 3rd floor, bheema complex, nirman vihar , east delhi, delhi 110092