Section 248, Companies Act 2013 · MCA V3 · C-PACE

Close Your OPC the right way, before the discount window closes

File Form STK-2 and exit cleanly through C-PACE stop annual filings, director-disqualification risk and late fees on a One Person Company you no longer run. SSA Tax handles documentation, ROC liaison and the Gazette notice end-to-end.

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What Does Closing an OPC Actually Involve?

Closing a One Person Company means formally removing it from the Ministry of Corporate Affairs' Register of Companies, under Section 248 of the Companies Act, 2013. Once struck off, the company can no longer trade, sign contracts, or operate a bank account and its compliance burden ends with it.

Since May 2023, every voluntary strike-off application is reviewed centrally by the Centre for Processing Accelerated Corporate Exit (C-PACE), filed as e-Form STK-2 on the MCA V3 portal. This single-window review has cut typical closure timelines from what used to take a year or more down to a few months.

SSA Tax prepares your board resolution, affidavits, indemnity bond and statement of accounts, files STK-2 correctly the first time, and tracks your application through to the final Gazette notice.

§248

Companies Act provision for strike-off

STK-2

e-Form filed on MCA V3 Portal

C-PACE

Central authority reviewing all applications

3–6 mo

Typical closure timeline today

Two Ways to Close an OPC

Route 1 · Fast & Low-Cost

Fast Track Exit Strike-Off (Section 248)

For OPCs that haven't commenced business within a year, or have had no operations for the last two financial years, and have nil assets and liabilities. Filed via Form STK-2 through C-PACE.

Route 2 · Formal Liquidation

Voluntary Winding Up

For an OPC that still holds assets or owes liabilities. Dues must be settled and assets distributed through a formal liquidation process before the company is dissolved.

What Closing an Inactive OPC Protects You From

Closing an inactive OPC helps eliminate future compliance risks, penalties, and regulatory liabilities while keeping your business record clean.

Director Disqualification

Three consecutive years of missed annual filings can disqualify you as a director under Section 164(2). Closing the OPC helps prevent future compliance defaults.

Stops Compliance Costs

Avoid recurring annual filing expenses, audit fees, ROC penalties, and compliance costs for a company that is no longer operational.

Clean GST/PAN/TAN Surrender

Proper closure ensures all related registrations are surrendered correctly, reducing the risk of future notices and tax complications.

Protects Your Credit Profile

A formal strike-off demonstrates responsible business closure and helps maintain a clean reputation with banks and regulatory authorities.

Faster Than Ever

With the MCA's C-PACE system handling strike-off applications, the closure process is significantly quicker and more streamlined.

Frees Up the Name

After the company is struck off, its name may eventually become available again for future registration, subject to MCA rules.

New MCA Rules That Make Closing an OPC Cheaper, Right Now

The MCA has opened a limited-time relief window in 2026 specifically aimed at clearing out defunct companies — here's what it means for your OPC.

CCFS-2026

A temporary discount window

The Companies Compliance Facilitation Scheme, 2026 offers a reduced STK-2 government fee and a steep waiver on accumulated late fees for companies that file during its notified window.

BACKLOG RELIEF

Old pending filings included

The scheme is designed to cover overdue annual returns and financial statements too, so a long-dormant OPC isn't blocked from closing by historical penalties.

C-PACE

One authority, faster review

All STK-2 applications nationwide route through C-PACE, replacing the older Registrar-by-Registrar process with a single, centralised review desk.

MCA V3

Fully digital filing

STK-2 is filed as a webform on the MCA V3 portal, digitally signed and certified by a practising professional before reaching C-PACE.

GST LINK

GST cancellation is checked

An active GST registration at the time of filing is a common reason for queries — cancellation should be completed alongside the application.

AFTER THE WINDOW

Standard fees and risk resume

Once the relief window closes, full government fees apply again, and the Registrar can initiate strike-off on its own motion for chronic non-filers — with director disqualification risk attached.

Closing an OPC vs. Other Exit Routes in India

"Closure" looks different depending on the entity type. Here's how an OPC strike-off compares.

ParameterClose OPC (Strike-Off)Closing an LLPPvt Ltd Company ClosureDissolve Partnership Firm
Governing LawCompanies Act, 2013 (S.248–252)Limited Liability Partnership Act, 2008Companies Act, 2013 (S.248–252)Indian Partnership Act, 1932
Form / Routee-Form STK-2 via C-PACEForm 24 with jurisdictional ROCe-Form STK-2, or NCLT if assets/liabilities existDissolution deed, or court order if disputed
Eligible WhenInactive 1–2+ years, nil assets/liabilitiesInactive LLP, nil liabilities, partner consentSame nil-liability test, plus 75% shareholder approvalMutual consent of partners, or as per the partnership deed
Typical Timeline3–6 months post C-PACE3–6 months3–6 monthsA few weeks (mutual) to longer if contested
Where to ApplyMCA V3 Portal → C-PACEMCA Portal, jurisdictional ROCMCA V3 Portal → C-PACERegistrar of Firms (if registered)

OPC Closure Process via STK-2

Here's exactly how SSA Tax takes your OPC from "still on the register" to formally dissolved.

1

Eligibility Check

We confirm your OPC qualifies inactivity period, nil assets and nil liabilities before drafting anything.

2

Clear Dues & Close Accounts

Settle any pending dues, cancel GST registration, and close the company's bank account.

3

Board Resolution & Member Consent

The sole director passes a board resolution; the sole member records written consent to closure

4

Prepare STK-3, STK-4 & STK-8

We draft the indemnity bond, director's affidavit and CA-certified nil statement of accounts.

5

File STK-2 on MCA V3

The application, digitally signed and professionally certified, is filed and routed to C-PACE.

6

Gazette Notice & Dissolution

After C-PACE approval, ROC publishes a public notice; if no objections arise, your OPC is struck off and dissolved.

Documents Required to Close Your OPC

  • Board resolution approving the closure
  • Director's Affidavit (Form STK-4) confirming nil liabilities
  • Latest ITR acknowledgment for the company
  • PAN, Certificate of Incorporation and MOA/AOA
  • Indemnity Bond (Form STK-3) on the prescribed stamp value
  • Statement of Accounts (Form STK-8), CA-certified, not older than 30 days
  • Consent from creditors, if any existed
  • Proof of GST cancellation and closed bank account

Why Businesses Choose SSA Tax Over Other Consultants

Closing a company badly creates more liability than keeping it open. Here's exactly what we do differently to make sure that doesn't happen to you.

We Track the Live Scheme Window

Fee-discount schemes like CCFS-2026 have strict deadlines. We monitor these windows and file at the right time to maximize the relief available to you.

Direct C-PACE Filing Experience

We've handled STK-2 strike-off applications ourselves and understand the common issues that trigger resubmissions, helping avoid delays from the start.

One Transparent Quote

Professional fees and applicable government charges are disclosed upfront, ensuring complete transparency with no hidden costs later.

CA/CS Certification In-House

Your Statement of Accounts and STK-2 certification are prepared and reviewed by our qualified in-house professionals rather than outsourced teams.

A Closure Document Vault

Receive a complete digital archive of your strike-off documents, including STK-7 orders, Gazette notifications and supporting filings for future reference.

Proven at Scale

With 1.03 Lakh+ clients served, 18,000+ startups supported and 5,752+ five-star Google reviews, our process is backed by measurable results.

Closing an OPC Common Questions

Strike-off through Form STK-2 is the faster closure route for inactive OPCs with no assets and liabilities. Voluntary winding up is a formal liquidation process used when assets, liabilities, or business obligations still need to be settled.
Generally, an OPC can apply for strike-off only when it meets the eligibility conditions prescribed under the Companies Act and has no outstanding liabilities. Eligibility should be reviewed on a case-by-case basis.
Assets and liabilities generally need to be settled before a strike-off application can proceed. In certain cases, a formal winding-up process may be required instead of a simple strike-off.
Not immediately. MCA rules restrict instant reuse of a struck-off company's name. Any future application remains subject to name availability and approval requirements.
CCFS-2026 is an MCA compliance relief scheme that may provide fee reductions and waivers on certain overdue filing penalties. Businesses should verify current eligibility and applicable benefits from the latest MCA notifications.
C-PACE (Centre for Processing Accelerated Corporate Exit) is MCA's dedicated authority for processing voluntary strike-off applications, helping streamline and speed up company closure procedures.
Yes. GST registration should normally be cancelled and all required returns filed before or alongside the strike-off process to avoid objections and unnecessary delays.
Yes. Subject to legal provisions and prescribed timelines, a struck-off OPC may be restored through the appropriate legal process before the competent authority upon showing sufficient cause.