OPC REGISTRATION IN CHENNAI @ Rs 8500
- GST Registration
- Partnership Firm Registration
- OPC Registration
- LLP Registration
- Pvt Ltd Company Registration
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One person company registration in Chennai is very simple to obtain below the provisions of Companies Act, 2013. It is a forward looking conception for those who have entrepreneurial delusion and idea for incorporating micro business. Greater credibility, perpetual succession, limited liability, advantage for SSI and fewer compliances are some of the added assistance for OPC registration in Chennai and other parts of India. The maximum authorised capital cannot exceed 50 Lakhs in case of One Person Company registered in Chennai.
Applying DSC and DIN is the first and foremost thing in OPC. It is followed by name registration and signing MOA- Memorandum of Association and AOA- Article of Association using digital signature. The affidavit of the subscriber and the director has to be submitted along with particulars of subscription with the Registrar of Company at the time of incorporation.
It is feasible for a company to make an authentic contract with its directors who are appointed at the time of OPC formation in Chennai mentioning a directors terms of receiving remuneration, as a creditor directors can lend money to the company and earn interest and as a lessor director can receive rent. Directors’ remuneration, rent and interest are deductible expenses of the Company and conclusively brings down taxable income of the business.
FAQ on One Person Company
What is the minimum requirement to form a one person company?Registering a company is simple process with shoplegal. A minimum of One person required to be appointed as directors cum shareholder. The directors and shareholder required to provide the following proofs – Copy of PAN, Copy of Aadhar, Driving license, Voter id, Passport – Any one as permanent address proof and Copy of Telephone bill, Electricity bill, Mobile bill or Bank statement – Any one as Proof of present address.
What way one person company is differentiated from proprietorship ?Limited liability which means the shareholder of a One Person company is legally responsible only to amount he subscribed as share capital of a company. Unlike traditional proprietorship, the liability of the shareholder with respect to one person company is limited.
What is authorized capital and paid up capital?Authorised capital is the maximum amount of shares that can be issued by company. On the other part, paid up capital is the amount of shares issued and subscribed by the shareholder of the company. Authorised capital can be increased as and when required post incorporation in case of any requirement to issue additional shares to the shareholder.
Is it mandatory to deposit paid up capital subscribed by shareholder in bank account?Yes, It has to be submitted after registration of company, After company got incorporated open a bank account in company name and then bring in the capital subscribed to company account, Commencement of business to be filed with 180 days of Incorporation
Can foreigner or foreign company or nri register a one person company?NO, it is not possible for NRI, FOREIGNER or FOREIGN entity to form one person company.
Is it mandatory to setup office for registering company in india?Yes, every company proposed to be registered in India must have a registered office all communication related to the company is sent by the Ministry of Corporate Affairs, GST office, Banks, financial institutions, etc., The registered office of a company can be in any part of India.
How to check availability of name with ministry of corporate affairs?You can share names with SHOPLEGAL on the name availability link. Please note that Shoplegal will just provide available names, based on search for similar names already registered with MCA.
An individual, who is an Indian resident and citizen of India will be qualified to form a One Person Company.
Must have at least One Director, the Sole Shareholder would himself be able to be the Sole Director. The Company may have a most extreme number of 15 Directors.
A one person company can be begun with any amount of capital. On the off chance that the paid up capital of the organization increased to 50 lacs or more the OPC will turn out to private limited.
One Person Company need to confront little consistence trouble when compared with private limited company, thus One Person Company would more be able to concentrate on other useful and center territories.
This prompts quick dynamic and execution. However he/she can name upto 15 Directors in the OPC for managerial capacities.
OPC is reasonable just for Individuals. OPC when crosses the Paid up share capital of Rs.50 Lakhs or Turnover of Rs.2 Crores. In any case OPC should be changed over into Private Ltd Company.