One Person Company of the Companies Act, 2013 defines OPC as a company which has only one person as a member.OPC can be registered only as a private company which means that all the provisions applicable to private company will be applicable to an OPC, unless otherwise expressly excluded in the Act or rules made thereunder. For registration the first thing is name reservation by filling INC-1 .Second is the incorporation After name approval, form INC-2 shall be filed for incorporation of the OPC within 60 days of filing form INC-1.Form DIR-12 shall be filed along with (linked) form INC-2 except when promoter is the sole director of the OPC.The company shall file form INC-22 within 30 days once form INC-2 is registered in case the address of correspondence and registered office address are not same.
OPC may conduct only one meeting of board of directors . A minor shall not br eligible to become a member or nominee.OPC is suitable only for small business. OPC can have maximum Paid up share capital of Rs.50Lakhs. One Person Company cannot carry out Non – Banking Financial Investment activities including investment in securities of anybody corporates.NRIs not allowed incorporating One Person Company.Requirement to appoint a nominee for incorporating a One Person Company.
Sujata Associates is a well known legal consultancy and best choise for OPC registration. If You are trying to start an OPC you are most welcome. If there is any trouble you have to face during registration , our skill full and experienced will be there to help you by providing use full solution. The average time needed to complete a one person company registration is about 10 - 15 working days. So, call us and get a free consultation for OPC company registration service.
One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability.
A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.
Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.
A company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., Further, the nominee director cannot claim any ownership of the company while serving as a nominee director.
One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability
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sujataassociates.com can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time.
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Digital Signature Certificate (DSC) and Director Identification Number(DIN) is required for the proposed director of the one person company. DIN and DSC can be obtained for the proposed director in 2 to 4 working days
Sujata Associate ia an accounting Firm and we are expertise in Companies Act 2013 and we help in Company Registration, Private Limited Registration , Limited Laiblity Registration , Public Limited Company Registration , Partnership Company Registration and Propriotrship Company Registration. Sujata Associates also help in Company Audit ,Maintaince of Company Accounts ,Sale Tax Return Filling and Income Tax Filling.