OPC REGISTRATION IN COIMBATORE @ Rs 8500
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Coimbatore being the Manchester of South India and second largest city of Tamil Nadu, provides multiple opportunities to millions of startups. If a person wants to own a single person company in Coimbatore, with no interference of any third party, then the best way of company registration is one person company registration. Only an Indian Citizen who is a resident of India can commence OPC registration in Coimbatore. The post compliances such as annual return filing, auditor appointment and financial statement generation with ROC has to be done after the registration of OPC.
OPC registration by self may or may not result in confusion and time consumption since there are multiple policies and procedures that may change over time. We are specialized in this company registration field having excellent experience and skilled knowledge on getting things done fluently and difficulty free. The company under OPC type extends to exist regardless of whatever happens, except the way of dissolving through legal process. OPC has the capacity to avail funding from many NBFC’s and Banks. In addition, transfer of company from one name to another name is an uncomplicated and smooth process. One person company registration in Coimbatore is favorable for small business operators because of large consumer market and proficient labour availability.
FAQ on One Person Company
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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.
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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.
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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.
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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
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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.
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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.
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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.
Single owner
An individual, who is an Indian resident and citizen of India will be qualified to form a One Person Company.
Directors
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.
Capital requirement
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.
Less compliance
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.
Control with single
person
This prompts quick dynamic and execution. However he/she can name upto 15 Directors in the OPC for managerial capacities.
Applicability
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.