Closure of Private Limited Company, LLP & OPC Services
Closing a business legally is as important as starting one. Whether it’s a Private Limited Company, Limited Liability Partnership (LLP), or One Person Company (OPC), the closure process must be done in compliance with the Companies Act, 2013 or LLP Act, 2008. Proper closure avoids future liabilities, penalties, and ensures a clean exit. Our experts assist with documentation, regulatory approvals, and ROC filings for smooth business closure.
Types of Closure Services
The method of closure depends on the entity type, business situation, and compliance status.
Voluntary Closure of Private Limited Company
When shareholders decide to close operations, usually due to non-functioning or restructuring.
Strike-Off under Fast Track Exit (FTE)
Applicable for companies/LLPs with no operations or assets, filed directly with ROC for faster closure.
Winding Up by Tribunal
Ordered by the National Company Law Tribunal (NCLT) in cases of insolvency, fraud, or disputes.
Voluntary Closure of LLP
Partners can close an LLP if it is inactive or non-operational, after clearing liabilities.
Closure of One Person Company (OPC)
Done through voluntary strike-off when the OPC becomes inactive or the sole member decides to discontinue.
Compulsory Closure by ROC
Initiated by the ROC when the company fails to meet compliance requirements for a long period.
Why Closure of Company is Important?
Avoids Future Liabilities
Ensures directors/partners are not held liable for taxes or penalties after discontinuation.
Legal Compliance
Protects the business and its stakeholders from non-compliance issues.
Clean Exit for Stakeholders
Allows shareholders/partners to formally withdraw from the business.
Financial Relief
Stops the burden of maintaining compliance costs for non-operational companies.
FAQs
Can a company/LLP with pending liabilities apply for closure?
No, all dues, taxes, and liabilities must be cleared before applying for closure.
How long does the closure process take?
It usually takes 3–6 months, depending on the entity type and ROC processing time.
Is it mandatory to file closure if the company is inactive?
Yes, even inactive companies must apply for strike-off, otherwise they may attract penalties for non-compliance.
What is the difference between strike-off and winding up?
Strike-off is a simpler process for non-operational companies, while winding up is a longer legal process usually involving debts or disputes.
Can ROC strike off a company without consent?
Yes, ROC can compulsorily remove a company from the register if it hasn’t filed returns or operated for years.