One Person Company Registration in Surat

Registration of One Person Company with just one Click

Brief about One Person Company Registration in Surat

Basically, this concept was introduced specifically to address the opportunities to those entrepreneurs who wants to run company on their own , single handedly. Rather than doing business in a proprietorship form, One Person Company format of business is more legal and authenticate for expansion and growth. It brings all the benefits that a private limited company possess at the same time enables an individual to hold the 100% control of the company in his own hands. The concept of One Person Company Registration in India was introduced by Dr. Jamshed J. Irani in his Report on Company Law dated 31st May, 2oo5. which got its assent in the Lok Sabha on 18 December 2012 and in the Rajya Sabha on 8 August 2013. After obtaining the assent of the President of India on 29 August 2013, it has become the Companies Act, 2013.

Meaning of One Person Company Registration in Surat

One Person Company Registration in Surat is a type of company where an individual can enjoy the status as director of company by forming a company with only one director himself at the same time can avail the benefit of limited liability, separate legal entity and proper management. An individual who is the proprietor of the business can become only director in such company.

What are the conditions or requirements to Register OPC?

  1. There can be only 1 director in this company who is Indian Citizen and resident in India.
  2. The director must appoint his or her nominee.
  3. The Paid up share capital of the company shall not exceed 50 Lakh rupees.
  4. The annual turnover of the company shall not exceed 2 Cr Rupees.
  5. The minimum authorized capital is Rs 1,00,000
  6. Businesses involved in financial activities cannot be incorporated as a OPC

Benefits of One Person Company Registration in Surat

  1. An individual can run business with limited liability.
  2. Enhance the image of the business.
  3. Due to continues surveillance of companies act, the authenticity of business increases which enables an individual to avail the finance from outside.
  4. More transparent way of doing business attracts great opportunities for business expansion and growth.
  5. Less compliances than a private limited company.

Process of incorporation

  1. Apply for name
  2. Get the Digital Signature of proposed director
  3. Get the DIN of proposed director
  4. File incorporation forms
  5. File commencement of business form after getting incorporation certificate
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Get answers to all your queries

Only a natural person who is Indian Citizen and resident in India can incorporate OPC. Resident in India means a person who had resided in India for a period not lesser than 182 days in the prior calendar year.

When the annual turnover of the company exceeds Rs. 2 cr and the paid up share capital of the company exceeds Rs. 50 Lakhs.

Yes

Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.

Rs. 1,00,000/-

No

Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.

PAN of an individual that is proposed to be appointed as a director in a company Identity proofs (Driving License/passport, voter’s id) and addresses proofs (Adhar card/Light bill/bank statement). Passport sized photograph of director. Address proof of registered office of company. Digital Signature of director so as to submit the incorporation form on MCA portal.

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