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Strike Off OPC

Strike off

Your OPC

No business started since Incorporation? Close your OPC Company and stop complying with routine compliances. Prices start at INR 19,999/- only.

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Strike Off OPC

All you need to know

When the Company has incorporated a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the Company. Once the name of the company is entered into registrar it cannot be removed unless the company applies to it or processed by law. When the company fails to commence its business or fails to submit yearly returns, the registrar by its may suo motto strike off the OPC.

 

One Person Company Strike Off:

Strike off the name of the company or winding up of the company is compulsorily required if the company is not in operation, to make the company free from all the legal compliance and to update the MCA database. The strike off application should be filed within 30 days from the date of signing the statement of Assets and Liabilities.

 

Advantages of Striking off / Closing an OPC:

  • No Penalty – Once the closure is started, there is no need of the company to be worried about being in a state for paying the penalty fee for the causes that are not addressed.
  • Free from Compliance – There is no need to be compliant since the company would be closed.
  • Suitable Business – If the business that you have chosen is not running and yielding profits, then its resources can be used into a better one.

Why ThinkBiz Filings as your service provider for OPC strike off?

ThinkBiz Filings is an eminent business platform and a progressive concept. It helps in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad.  OPC Strike off is easy, seamless, cheapest and quickest with ThinkBiz Filings Apart from a OPC Strike off ,  ThinkBiz Filings also provides  strike off LLPStrike of OPC,  Company annual filing services and Secretarial Compliance Services. You may get in touch with our compliance manager on 09704561215 or email info@Thinkbizfiling.com  for for free consultation, and to know more about the services provided by us.

Partnership Firm Registration Fees


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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On Strike Off OPC
                          Get answers to all your queries
                          • Strike-off is the process of legally closing an One Person Company (OPC) under the Companies Act, 2013, removing it from the MCA (Ministry of Corporate Affairs) records.
                          • An OPC can be closed through: ✅ Voluntary Strike-off – If the OPC is not carrying on any business. ✅ Compulsory Strike-off – If the ROC (Registrar of Companies) initiates the closure due to non-compliance.
                          • It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on the submission of relevant documents by the client and the speed of Government Approvals. To ensure quick and speedy registration, choose a unique name for your Company. The registration fees for the incorporation is inclusive in the package offered to you.
                          • The OPC must: ✅ Not have carried out any business for at least two financial years OR ✅ Have not commenced business since incorporation ✅ Have no outstanding liabilities
                          • No, all liabilities (debts, taxes, loans) must be cleared before applying for strike-off.
                          • No, if the OPC is under regulatory scrutiny, it cannot be closed.
                          • Step-by-step process: Hold a board meeting to pass a resolution. Clear all pending liabilities and close bank accounts. Obtain an NOC from regulatory authorities (if required). File Form STK-2 with the ROC along with necessary documents. ROC reviews & publishes a public notice. If no objections, the OPC is struck off within 3-6 months.
                          • Board resolution for closure ✅ Affidavit & Indemnity Bond (Form STK-3 & STK-4) ✅ Statement of Assets & Liabilities certified by a CA ✅ Bank closure certificate ✅ Latest income tax returns (if applicable) 9️⃣ What is Form STK-2? 📌 STK-2 is the official form filed with the ROC to request the strike-off of an OPC. 🔟 How long does it take to strike off an OPC? 📌 3-6 months, depending on ROC processing time and document verification.
                          • Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
                          • es, by filing an application with the National Company Law Tribunal (NCLT) within 20 years from the strike-off date.
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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