OPC REGISTRATION IN TIRUPUR @ Rs 8500
- GST Registration
- Partnership Firm Registration
- OPC Registration
- LLP Registration
- Pvt Ltd Company Registration
- Trademark Application
- Copyright Application
- Patent Application
- Design Application
- Digital Signature Certificate
- Udyam Registration
- Import and Export Code
- Website Designing
- SEO & Digital Marketing
Acquire your OPC registration in Tirupur for just ₹6500. Tirupur, a hub for textiles, witnesses many opting for proprietorship. However, for reduced risk and limited liability, choosing the corporate structure via online OPC registration in Tirupur is a wise move. With OPC, personal property remains separate from the company's obligations, ensuring limited impact on the individual. OPC maintains a fixed income tax rate of 25%. Unlike sole proprietors, OPCs are distinct legal entities, assessed and taxed separately, providing a unique advantage during tax assessments.
Compared to private limited companies in Tirupur, OPCs have unique corporate licenses and exceptions. Post-registration, 'OPC' must be added to their names, reflecting the company's structure. While corporate bylaws aren't mandatory, the Articles of Association are a requirement for all entities. The owner of an OPC can act as both the director and chairman. The concept of One Person Company (OPC) in Tirupur originated from the Companies Act, 2013, effective from April 1, 2014. Business owners can now register companies under OPC rules. Notably, OPCs in Tirupur aren't obligated to appoint a company secretary but must file commencement of business, a standard requirement for all entities.
FAQ on One Person Company
What is the minimum requirement to form a one person company?Registering a company is effortless with Shoplegal. A single person can serve as director cum shareholder. Required proofs include PAN and Aadhar copies, along with one of these: Driving license, Voter ID, or Passport for permanent address. Additionally, submit one of these: Telephone bill, Electricity bill, Mobile bill, or Bank statement for present address proof. Simplify the process with guidance of Shoplegal.
What way one person company is differentiated from proprietorship ?In a One Person Company, shareholder liability is restricted to the subscribed share capital. Unlike sole proprietorships, the shareholder's liability is limited, ensuring legal responsibility extends only to the invested capital.
What is authorized capital and paid up capital?The authorized capital is the maximum share amount a company can issue. Paid-up capital, however, refers to the shares issued and subscribed by shareholders. Post incorporation, authorized capital can be increased as needed to issue more shares to shareholders. This flexibility allows for adjustments based on future requirements.
Is it mandatory to deposit paid up capital subscribed by shareholder in bank account?After company registration, open a bank account in the company's name. Then, transfer the subscribed capital to this account. File the commencement of business within 180 days post incorporation to ensure compliance.
Can foreigner or foreign company or nri register a one person company?NRI, foreigners, or foreign entities cannot establish a One Person Company (OPC).
Is it mandatory to setup office for registering company in india?Every Indian-registered company needs a registered office for official communications from government bodies, banks, and more. The office location can be anywhere in India.
How to check availability of name with ministry of corporate affairs?Feel free to share names using SHOPLEGAL's name availability link. We'll provide available names based on searches for similar registered names with MCA.
To set up a One Person Company, eligibility requires the individual to be an Indian resident and citizen.
A company must have at least one director, and the sole shareholder can also serve as the sole director. The maximum number of directors allowed for a company is 15.
A One Person Company can commence with any capital amount. If the paid-up capital reaches or exceeds 50 lakhs, the OPC status changes to that of a private limited company.
One Person Companies face fewer compliance burdens than private limited companies. This allows OPCs to focus more on essential core areas of their operations.
This leads to swift decision-making and execution. However, one can appoint up to 15 Directors in the OPC for managerial roles.
OPCs are suitable only for individuals. If an OPC surpasses a paid-up share capital of Rs. 50 lakhs or a turnover of Rs. 2 crores, it must convert into a Private Limited Company.