Register A One Person Company In India

Proposed authorized share capital of the Enterprise. He is the sole owner of the OPC.Foreign Register One Person Company in India nationals can not form an OPC in person can only form one OPC. The paid up share capital of private organization need to not be exceeding fifty lakh rupees and need to not have average annual turnover much more than two crore rupees at the time of such conversion into OPC. Explanation: The term "Resident in India" suggests a person who has stayed in India for a period of not less than 182 days through the right away preceding one calendar year.

Registration Of Opc In India

But in the case of partly-paid shares, the unpaid portion is payable at any time throughout the existence of the company on a contact getting made, whether the corporation is a going concern or is being wound up. We register your 1 Person firm registration in Chennai,Coimbatore, Madurai, Erode, Trichy, Tirupur, Hyderabad, Bangalore and Cochin. Very first is the name approval and reservation and second step is the application of firm incorporation. Entrepreneurs have a explanation to smile with the Government introducing this novel concept namely ‘one individual company.

As such, all the current and intending Directors have to receive DIN inside the prescribed time-frame as notified. Only a organic individual who is an Indian citizen and a resident in India is eligible to incorporate a 1 Particular person Business or be a nominee member. Each foreign organization shall within thirty days of the establishment of its place business enterprise in India, provide to the Registrar for registration.

Opc Company Registration Fees

As per Businesses Act, 2013 OPC can be incorporated only as a private enterprise with the requirement that the particular person forming the OPC ought to be a organic particular person who is resident (i.e have stayed in India for at least 182 days in the course of the straight away preceding economic year) as nicely as a citizen of India.These consultants guide Register One Person Company in India their clients to accomplish the task in the perfect style so that they can complete the formalities for corporation registration inside the minimal time and without having getting to face substantial hassles.In order to set up a small business in India, one can choose its personal kind of set up either in the form of LLP, Private Restricted Corporation, Public Restricted Corporation, OPC (One individual Organization) etc.Section two(62) of Providers Act, 2013 defines OPC as a corporation which has only a single person as a member.”