Single Member Winding Up
Closure of One Person Company (OPC Fast Track Exit)
Dissolve an inoperative or defunct One Person Company compliantly under Section 248 of the Companies Act, 2013. File Form STK-2 for fast-track striking off, close corporate bank accounts, and protect your founder DIN credentials from recurring penalties.
- Fast Track Exit via Form STK-2
- Nil Assets & Liabilities Certification
- Protection Against Recurring Penalties
Fast Track Dissolution
Why closing a defunct OPC is essential for solo entrepreneurs
Many solo founders incorporate an OPC to test a business idea, but when the venture becomes inactive, they neglect annual filings assuming no business equals no compliance. This is a severe mistake: the MCA levies ₹100 per day penalties for unfiled returns and will eventually deactivate the founder's DIN.
Under Section 248(2) of the Companies Act, an inoperative OPC that has not commenced operations within 1 year or has been inactive for 2 years can apply for voluntary strike off through Form STK-2.
VIDURA provides complete assistance to solo founders—closing corporate bank accounts, drafting CA-certified nil statements of accounts, preparing indemnity bonds, and securing official ROC dissolution.
Eligibility
When should you close an OPC?
Unsuccessful Business Pilots
Solo ventures where commercial operations never commenced or were discontinued early.
Founders Transitioning to Employment
Founders accepting corporate employment who must clear their directorship records to avoid contract restrictions.
Pivoting to Private Limited
Founders shutting down an old OPC to incorporate a clean, multi-shareholder Pvt Ltd company with fresh co-founders.
Avoiding Annual Retainer Costs
Eliminating recurring accounting, auditing, and ROC annual filing expenses for dormant entities.
Scope
Complete OPC closure services
Closure Eligibility Review
Verifying that the OPC meets inoperative timelines and has zero pending statutory litigations.
Bank Account Closure Guidance
Assisting with closing current accounts and obtaining formal bank closure certificates.
Statement of Accounts (CA Certified)
Drafting audited nil asset and liability statement within 30 days of filing.
Indemnity Bond & Affidavit (STK-3/4)
Drafting notarized indemnity bond and affidavit executed by the sole director.
Sole Member Resolution
Drafting statutory resolution in the minute book approving the strike-off application.
Form STK-2 Filing & Follow-Up
Submitting the application on the MCA portal and monitoring progress to final dissolution.
Workflow
Closing your OPC in 3 steps
Simple, organized, and guided at every step by our compliance desk.
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Step 1 — Clear Accounts & Liabilities
Close bank accounts, settle any vendor/tax dues, and obtain a formal bank closure letter.
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Step 2 — Legal Documentation
Our team prepares the CA-certified Statement of Accounts, Form STK-3 indemnity bond, and STK-4 affidavit.
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Step 3 — Form STK-2 Filing
We submit Form STK-2 on the MCA portal. The ROC processes the exit and strikes off the OPC name.
Checklist
Documents required for OPC closure
- Statement of Accounts certified by CA showing NIL assets and NIL liabilities
- Bank Account Closure Certificate from the bank
- Notarized Indemnity Bond in Form STK-3 executed on stamp paper
- Sworn Affidavit in Form STK-4 executed before a Notary
- Certified resolution passed by the sole member
- Class-3 Digital Signature Certificate (DSC) of the director
Requirements
Key preconditions for closing an OPC
Zero Commercial Debts
All creditor liabilities, loans, and statutory tax obligations must be completely discharged.
Closed Bank Accounts
All company bank current accounts must be permanently closed with zero balance.
Inactivity Period
The company must not have engaged in commercial operations for the preceding 2 financial years.
Why VIDURA
Dedicated exit support for solo founders
Rapid Documentation
All affidavits, indemnity bonds, and resolutions prepared within 48 hours.
Founder Credential Protection
Ensures your DIN remains clean so you can incorporate new ventures in the future without disqualification.
Transparent Government Invoicing
Clear breakdown of the ₹10,000 statutory MCA fee and nominal professional facilitation charges.
FAQ
Frequently Asked Questions About Closing an OPC
How long does it take for an OPC to be struck off?
After filing Form STK-2, the ROC reviews the documents and publishes a public notice in Form STK-5 for 30 days. If no objections are raised, the official strike-off notice (Form STK-7) is issued within 3 to 6 months.
Can I close an OPC if I haven't filed annual returns for the last 2 years?
Under MCA guidelines, all pending annual returns (Form AOC-4 and MGT-7A) up to the end of the financial year in which the company ceased operations should ideally be completed before filing Form STK-2. Our team reviews your specific status to determine the most cost-effective path.
What is the government fee for Form STK-2 for an OPC?
The statutory MCA fee for Form STK-2 is ₹10,000.
Clean Solo Exit
Close your inoperative OPC legally and protect your founder credentials.
Connect with VIDURA's secretarial desk. We guide you through Form STK-2 fast-track closure.