send message. The MOA (Memorandum of Association) and the AOA (Article of Association) of the concerned company shall mandatorily be signed by the company’s sole member. For a private limited company, the minimum is €2,500 and you can defer payment. Therefore, the companies cannot increase its Authorised Capital above 10 lakh within a span of 1-year from its incorporation. What is the Minimum and Maximum Number of Directors prescribed for a Private Limited? Getting one requires obtaining the requirements, cost, fees, and the application form as well as knowing the type of Business Registration for your business. The CRO deals with the registration of companies and business names. Then he joined Educomp Solution Limited, Pearson India Education Services Pvt Ltd followed by Oxford as a Consultant. Online Legal India is a part of FastInfo Legal Services Pvt Ltd. As the name suggests, an OPC or One Person Company is a format of business where the company is owned by a single person.There is no more than a single director or more than a single member. Once the process of verification is complete, the ROC (Registrar of Companies) will grant a Certificate of Incorporation for the commencement of the business. Actually, it depends upon the requirements. You may consider incorporating a Private Limited Company if you desire to bring FDI. No, a foreigner is not eligible to become a nominee in an OPC. However, the same can be done just by amending an article of association in the case of existing companies, and moreover, the same shall be filed in Form No. An OPC can avail all the benefits that are offered to the small-scale industries. Further, the concept of OPC Registration can be considered as an amalgam structure of the regular Private Limited Company and Sole proprietorship. In case of a change in the membership, the director of an OPC needs to file Form INC- 4 with the Registrar of Companies (ROC). An one person company registration can’t convert itself in another type of company up to 2 years from the date of incorporation except an OPC whose paid-up share capital increased from 50 lac and Annual turnover increased from 2 Crore then company must require to convert itself either in private and public company, as the case may be within 6 months from the relevant date. Online Legal India™ is a legal platform that came into existence due to raising fraud, imposter's in our society. For Incorporating a One Person Company, only a single individual who is both a citizen and resident of India is required. The successful brand has been dealing with the startup/companies since their nascent stage from acquiring their Company registration, GST, filing Taxes, and many more. OPC REGISTRATION IN INDIA . OPC or one person company is one of the very fruitful changes brought down in a companies act 2013. in simple terms as indicated by its name, According to section 2(62) of companies act 2013 one person company means a company which has only one person as a … They helped me to incorporate my new company. One Person Company (OPC) Registration. In India, a flat charge of30% is levied on an OPC, and it does not enjoy any tax benefit. How to register a company All you need is your ID document. An entrepreneur can be the master of their own domain in case of One Person Company (OPC). Here are all the details of the one person company registration process india that you need to know. Many realize the positive and significant change that one can bring around, but only a few take a leap of faith and work to create that change. they deliver a high level of consulting services. Buy plan. Incorporate a private limited company - register it with Companies House and rules on directors, shares, articles of association and telling HMRC about the company There are five types of companies that you can register. Incorporation With Least Requirements. Names that are similar to an existing company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names. There’s also a business name registration fee that varies per business territorial scope: Barangay – PHP 200; City/Municipality – PHP 500; Regional – PHP 1,000; National – PHP 2,000 Section 8 - NGO Registration. According to the stipulated laws, one person can act as shareholder/director of the company. Registrations provided by Business Registration Online. Yes, the subscriber of the memorandum needs to file an Affidavit in Form INC-9. Register company structure online at e-Business Registry. Hence, the registration of an OPC can be done easily that, too, with minimum paperwork. As there is a progress in the use of information technology and growth in the service sector in India, government has launched the concept of OPC. But now as per Section 62 of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. its member enjoys the feature for limited liability. 200 … This concept was introduced under the provisions of the Companies Act, 2013. However, up to 15 people can be appointed as a director. It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 266A & 266B of the Companies Act, 1956 (as amended vide Act No 23 of 2006). One Person Company Registration can easily be obtained under the provisions of the Companies Act, 2013. "That every problem has a solution and we provide the solution in a few clicks" as concluded by Mr Rajesh Kewat(MD), Online Legal India™. Any person who is an Indian Citizen and resident is eligible to become a member of an OPC. Rajesh is a small-town entrepreneur, who just three years back had seen the whole of his life, crippling in front of his eyes as he fought with the world for his love. Every company and managed investment scheme has an annual review date, usually the same date it was registered. Register now. Mr Rajesh Kewat who is the Managing Director and Founder of one of the Leading Online Business Sector “FastInfo”. When you set up a company, you create a legal entity that’s separate from you. Register your business to make it a distinct legal entity. The cost of registration typically includes a registration fee, number plate fee, vehicle tax and an inspection fee. Excellent customer service. Complete in Minutes • No Monthly Fees. As per Section 2 (62) of the Companies Act, 2013, a company that needs just one person as its member is known as One Person Company. Filing for Tax & Compliances, are done by the company too. This includes the basics, like the single stockholder of the OPC can be a person, trust or estate, … About . Do note however, that the processing of the application may take days as the entire process is still manually done at the office of the SEC. Foreigners, refugees, and stateless people who apply for DTI business registration online still need to submit the documents listed above at any DTI office. In person at the Branch (service time is immediate) … 50,00,000 – Rs 2,000. In India, the concept of One Person Company (OPC) was presented to support the individual entrepreneurs through the introduction of the Companies Act, 2013. *Above mentioned government fees is calculated on minimum capital of Rs 1,00,000. INC-9. With the introduction of 'One Nation, One Tax' by GST or Goods & Service Tax, the entire nation is bound to pay taxes, as determined by the GST Council. We not only guarantee on-time delivery but also customised services at the most reasonable rates in India. It is mandatory for all present or proposed Directors to have a Director Identification Number. I will definitely recommend this firm to my friends. Under the tax rates slab, the income of an OPC is taxed at 30 percent of its entire income in the financial year. What is OPC? Moreover, the said conversion must be done within a period of six months. He named the same as “FastInfo Class”, this is the online platform to provide education to the students and at the same time providing quality guidance. One Person Company was introduced in the J.J Report to create empowerment for the entrepreneurs where they can give a shape to their ideas. Adding more on this, see how very recently launched OLI Accountant or Online Accountant is a feature that understands your business expansion, the volume of accounting work. Further, the sole concerned member is required to provide details regarding his name, description, occupation, and address, in the presence of at least one witness who must also give his basic details and attest his signature. Easy Payment Options Available No Spam. Online Legal India basically dealing with consultation services on Legal matters, GST filing and Registration, TAX compliance. Annual review fees. The minimum authorized capital must be at least Rs 1 Lakh. No, FDI is not allowed for One Person Company. Phone Number. The Company Search Facility allows you to look up information on companies and business names and purchase images of documents. If you choose to distribute dividends, you will also pay to register your minimum share capital. Yes, as per Section 2 (62) of the Companies Act, 2013, a single person can start a One Person Company as it requires just one director and shareholder. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process. One person can form a company without any additional shareholder, and if the member is willing to add shareholders, all he needs to do some procedural compliances to convert OPC in to a regular private limited company and file it before MCA. Our first companies … Business Registration: Apply & Obtain a Free Business Registration for you state, county or city. A Private Company Limited by Shares (LTD company): The members' liability, if the company is wound up, is limited to the amount, if any, unpaid on the shares they hold. Register your company today for only $34 + $506 ASIC Fee (includes ACN, all required documents and GST) Name. MGT-14 within a period of 30 days starting from the date of entrenchment of the articles. Like this, FastInfo is growing towards the achievement to become the India’s largest online platform for e- commerce sectors. of India. Features of One Person Company are: 1) there shall be only one member. Most of the stories are about an individual toiling hard to become significant in the world. FastInfo Class provide the online tuition to IGNOU & NIOS bachelors and masters’ student, students appearing for Competitive Examslike Banking Exam including IBPS Exam, Railway Exam (RRB Exam), UPSC CSE etc and also provide helps for co-curricular courses. The core team consists precisely of skilled and professional qualified experts, along with a diligent team of other experienced proficient, all under one roof. Each name reservation application costs R50. The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. 50 lakhs, then, in that case, it must be converted into a private limited or a. No, FDI is not allowed for an OPC in India. Hence, the concept of OPC company enjoys the best of two worlds. How many days does it take to obtain the OPC Registration in India? A single shareholder holds 100 percent shareholding. Easy OPC company registration process. While efficiently navigating according to the requirements of any independent businesses related service. This means that the liability of the concerned director is limited to the extent of capital contributed by him or her in the business. stayed in India for at least 182 days in the preceding year. AN ISO 9001:2015 CERTIFIED PRIVATE CONSULTANCY ORGANISATION. Private Limited Company One Person Company; 4000 (Govt Fees as per actuals) 4500 (Govt Fees as per Actuals) 4250 (Govt Fees as per Actuals) A perfect Way to Secure your personal assets, LLP’s are flexible and have lesser compliances also 100% FDI is allowed in Indian Markets for LLP’s: Only Private Limited Companies Can Raise Venture Capital, the conventional way for … When Online Legal India was flourishing at a higher range, and reaching out the customers for the legal and business compliance with a high outcome, FastInfo had decided to come up with an E- Learning platform to serve the students in both urban and rural areas. Get the work done in 8-10 working days. 05-20-064 in the matter of crowd1 asia pacific, inc.sec company registration no. One Person Company (OPC) Free DSC of the Director + GST Registration; Free Company PAN, TAN Card, ESIC + EPF Registration along with DIN allotment ; REGISTER. Director Identification Number never expires and a person can have only one Director Identification Number. You need to provide the following documents during the registration of the OPC. The existence of an online portal for the same bridged the gap between the citizens and their right to question. ASIC Software Provider: 2053. Enter Business Registration Online through the Represent a Client service. So, if you have the potential to run a business by yourself and aspire to build a corporate image, then don’t hesitate to opt for this package. The concerned company is then required to inform the Registrar regarding such provisions in Form No.INC-2. Whereas if nominal share capital ranges between Rs. The following listed are the benefits or the advantages annexed with the concept of registration of One Person Company: For obtaining One Person Company Registration, there is no minimum amount prescribed for the capital required. With the introduction of the Companies Act, 2013 the concept of the One Person Company came into existence to motivate the small traders and entrepreneurs who has the potentiality to start their own business and build up their own identity. The One Person Company Registration in India is introduced by the Company Act 2013 to help for those start-ups who have great potential for a start, manage and run own venture by a single person. In order to register a One Person Company, the promoters are required to apply with the ROC (Registrar of Companies) within whose jurisdiction or territory the registered office of the concerned company is proposed to be located. The Form concerned must be filed at the time of the company’s incorporation. Before registering as an OPC, interested applicants must first qualify under certain guidelines. The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. The same precondition applies to nominees of OPCs. Further, the term Resident of India means that the said person must have lived in India for a time period, not less than 182 days in the previous financial year. https://www.onlinelegalindia.com/services/one-person-company-registration Only a resident of India is eligible to enroll himself for an OPC. These benefits include easy funding that, too, without depositing collateral security to certain prescribed limits, lower interest rates loans, privileges under the foreign trade policy, etc. Further, the member or shareholder of this business structure is also the subscriber to its MOA (Memorandum of Association). A sole person can form a company comprising of one director and one member. To do so, they would likely go for Trademark Registration, Copyright, the image or tags, even registering for a Patent because it adds more to the brand value. An OPC Registration has lifetime validity, i.e. With all those fees paid, the applicant will then submit all of his or her requirements to the SEC Company Registration and Monitoring Department (CRMD). All the documents can be scanned and sent through email to our office. Online Legal India is the most trusted brand which has received moreover thousand of positive client reviews at Trustpilot in just last 300 days. Can a Person can Act as shareholder/director of the said Forms are to be converted into an?. Contains provision for entrenchment member at any point in time assigned to all of positive client reviews at Trustpilot just. Online ( BRO ) is one person company registration fees 21 hours a day mandatorily obtain OPC Registration share. 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