No, there is no provision for waiver of penalty. MCA has not announced any waiver or amnesty scheme.

Startupwala will help you in drafting of reply to Notice and legal formalities with respect to Notice received from ROC.

When existence of the Company as a legal entity comes to an end it is known as the Closure of OPC.

- Closure of the OPC is done voluntarily and is done through the fast track exit scheme. - Winding up of the company may be voluntary or by the order of the Court by appointing an official liquidator to monitor the process of winding up. - Dissolution is initiated by the Court for ending the legal existence of the Company.

It is necessary to file Closure with the ROC as ROC or MCA data base need to be updated and the OPC is free from all its legal compliances as it is officially closed. Even though business of the company is closed, unless closure documents are filed and approved by the ROC, company is not legally closed and the OPC needs to file all the regular returns.

FTE is a company closure scheme initiated by MCA for easy and faster closure of One Person Company.

Any OPC which has been inoperative for more than 1 year from the date of its incorporation can apply for Closure under FTE scheme.

The filing fees for Form FTE is Rs. 5000. Fill the above details and submit. You will get documents in 1 minute.

documents are required for Closure of OPC? Application for Striking off of the OPC, Board Resolution for closure, Consent of Directors, Director's Affidavit, Indemnity Bond, Statement of Assets and Liabilities.