OPC REGISTRATION IN ERODE @ Rs 8500
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Get One Person Company Registration in Erode@6500. In OPC concept there are certain limitations to create the company under OPC. Here there must be one individual proprietor. The OPC registration in erode there are restrictions wherein its is not possible for banks, trust, pre-needed institutions, insurance, public companies, non-charted government to incorporate one person company, the corporate regulations are strictly prohibited to certain entities. The foreigners can’t start up their business in India according to the OPC act.
Most of the business persons who are unable to get the business partners to meet the two person requirements can register under the sole proprietorships. The sole proprietorship means that the person is personally liable for all the problems faced by the company. If there is any trouble occur it will treated on the personal resources as well, this in not in case of OPC registration in Erode which has limited liability.
If the person is applying for an OPC formation in Erode the risks obtained very less. The OPC can claim limited liability which means that the company’s and the person’s assets are treated as separately. Thus if any debt occurred it will not affect the personal assets of the persons. Conversely, Cases like if the business occurs the debt, demand on the entrepreneur’s assets etc stick only to the assets invested in the One Person Company.
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.