OPC (One Person Company) Registration Process in India

Incorporation of a company: An OPC (one person company) Registration process in India is simple and easiest process when compared to other type of company registration process. Both sole member and nominee shall be natural persons, Indian citizens, and residents in India Only a natural person who is an Indian citizen and resident in India- Shall be eligible for incorporation of a one person company; Shall be a nominee for the sole member of a one person company. The term…

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Things to know about One Person Company Registration

One Person Company: Now a days, Company registration in spitted into many types as per the Companies Act, 1956, and later it has been revised in 2013. It means a company which has only one member which is important to note that section 3 classifies OPC as a private company for all the legal purposes of the sole member. All the regulations are accompanied to the private company which is applied to an OPC,unless or otherwise expressly excluded. Though, one…

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How to convert an OPC into a Private Limited Company

Introduction about OPC An One Person Company (OPC) is ideal for an individual who runs a business by himself,wants to have effective control over all functions of the business and work in a corporate framework. Any entrepreneur who requires to forming the company with limited liability should register for OPC. An OPC can be eligible or registration minimum capital of just Rs 1 lakh. But if the paid-up capital(annual turnover) exceeds Rs 50 lakh, then the OPC must be converted…

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Things to know about One Person Company

Incorporation of one person company:   Both sole member and nominee shall be natural persons, Indian citizens and residents in India. Only a natural person who is an Indian citizen and resident in India- Shall be eligible to incorporate a one person company; Shall be a nominee for the sole member of a one person company. The term resident India means a person who has stayed in India for a period of not less than one hundred and eighty two…

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Conversion of One person Company into Private Limited Company

Here, we are going to see the conversion of One Person Company into Private Limited Company based on some criteria. They are as follows: One Person Company to Private Limited Company: There are two ways to convert OPC into Pvt Ltd company. One is voluntary conversion and other one is compulsory conversion. Voluntary conversion: When OPC got incorporated, it cannot convert itself into any other form of company for two years from the date of incorporation. If the time period…

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One Person Company and its nomination procedures

Here, we are going to look at how one person company can be formed by following the prescribed procedures. We already know that what is one person company since the name itself clearly indicates that the company with the single director can form a firm. Some doubts may arise, when comes to formation. Look at this content, you will get a clear idea. One Person Company: A person who is an Indian resident: will be the eligible one to incorporate…

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