One Person Company (OPC) Registration
ONE PERSON COMPANY
WHAT IS OPC COMPANY?
AccordingtoSection2(62)ofthe CompaniesAct,aonepersoncompany RegistrationOnlineisacompanythat comprisesonlyasinglepersonastoits member.InanOPC,anindividualpromoter hascompleteauthorityoverthefirm. Thus,anindividualwouldbethe shareholderanddirector(though,the nomineeofthedirectorwouldbepresent withnoauthorityuntiltherealdirectorfails togetintothecontract). Apartfromthis,OPCprivatelimited companieshavetoobeyspecificrulesand regulationsthatarementionedinthe MemorandumofAssociation(MoA)and ArticleofAssociation(AOA)whichprovides theguidelinesformutualrightsandduties.
WHEN A ONE-PERSON COMPANY HAS TO BE CONVERTED INTO A PRIVATE LIMITED COMPANY OR A PUBLIC LIMITED COMPANY ?
An OPC has to convert into a private limited company or public limited company when Its annual average turnover of past three years should Rs 2 crore.
Over or acquired paid-up will be Rs 50 lakh and above
Before discussing the benefits of an OPC, let's understand how it is different from other forms of business.
BENEFITS OF ONE PERSON COMPANY
REGISTRATION ?
OPC is a separate legal entity which means it has similar rights to a person. For instance, it can enter into a contract, sue someone as well as can be sued.
OPC will continue to exist despite the death, bankruptcy, change in membership, etc.
This form of company is appropriate for small businesses. Provides tax pliability to the business. It is unchallenging to manage an OPC. Provide complete control of the company to a person.
DOCUMENTS REQUIRED FOR OPC REGISTRATION
MemorandumofAssociation(MoA)and ArticleofAssociation(AOA).
Youarerequiredtoappointanominee,in casethedirectorandmemberdiesorisunfit toexecutehisduties.Forthis,thepermission ofthedirectorormemberwouldberequired inFormINC-3alongwithPANandAadhar card.
Youarerequiredtosubmitthedeclaration andconsentfromthedirectorinFormINC-9 andDIR-2,respectively.
Proofoftheprincipalofficealongwith evidenceofownershipandNOCoftheowner.
Adeclarationcertificationbytheprofessional reflectingthatallthecompliancehasbeen completed.
OUR ROLE IN ONE PERSON COMPANY REGISTRATION ?
OurOPCregistrationconsultantwillguaranteeto provideyouwithourcompletesupportthroughout theprocessofonepersoncompanyregistration online.
OurOPCregistrationconsultantwillassistyouinthe processofdocumentationforOPCincorporation.
OurOPCconsultantswillhelpyoukeepthetrackof yourOPCincorporationapplication.
OurOPCregistrationconsultantwillassistyouin findingtheappropriatenameofthecompanyfor OPCregistrationonline.
OurOPCregistrationconsultantwillcoordinatewith officialsforproperfollow-upsandacknowledgment.
OurOPCregistrationconsultantwillensureto provideyouwiththebestpossiblesolutiontoyour concernsregardingOnePersonCompany registrationonline.
Email: support@jrcompliance.com Address: K8, Sector 3, Bawana Industrial Area, Delhi - 110039 (India) THANK YOU www.jrcompliance.com Customer Support: 1800121410410
