Closing a One Person Company

Winding up a One Person Company in India generally involves the following steps:

Passing of a special resolution with the consent of 2/3rd in value of the creditors of the OPC. (This is for voluntary winding up of the company)
A notice regarding the resolution must be submitted to the relevant ROC within 10 days of its approval from the creditors. Along with this, a declaration must also be submitted stating that the OPC has no debts. If there are debts, they will be paid by selling off its assets within a year.
Filing an application with the concerned ROC to strike off the OPC along with submitting a Board Resolution in favor of winding up. In case the OPC has been inactive for one year after incorporation, then the FTE Form needs to be filed with the ROC. This should happen within 30 days from the date of signing the statement of assets and liabilities of the closing OPC.
The resolution for winding up must be advertised in the Official Gazette and a widely circulated newspaper where the head office/registered office is located.
A registered Liquidator must be appointed to carry out the necessary tasks for the winding up of the OPC. This liquidator must maintain and submit all required reports and accounts to the Tribunal and RoC
Submission of the Statement of Accounts, Statement of Assets and Liabilities, Indemnity Bond, etc.
If the Tribunal and the Registrar are satisfied they will pass the winding up, and declare the OPC closed.