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Procedure of OPC Registration in India

Author: Olive Credson
by Olive Credson
Posted: Oct 17, 2018

Things required for OPC registration in India Obtain Digital Signature Certificate (DSC) for the proposed director( s).Acquire Director Identification Number (DIN) for the proposed director( s).Select appropriate company name and make application in TYPE INC-1 to the Ministry of Corporate Office for schedule of name.After approval of name, KIND INC-2 shall be declared incorporation of A single person Company within 60 days of filing TYPE INC-1.Draft Memorandum of Association and Articles of Association.Indication and file numerous documents including Memorandum of Association and Articles of Association with the Registrar of Business electronically.Payment of requisite cost to Ministry of Corporate Affairs and also stamp task.Analysis of files by the Registrar of Business.Invoice of Certificate of Registration or Incorporation from the Registrar of Business.Take pleasure in the status of A single person Company.For OPC Registration in India please contact to company vakil or click here

A Someone Company can be integrated as a private limited company just.It has just One Person as a member/ share holder.It must have a minimum of one director, the sole shareholder can himself be the sole Director. The company might have an optimum of Fifteen Directors.If the Articles of Association do not consist of the name of the first director, member of the A single person Company will be considered to be the very first director till the time director( s) is duly appointed.The minimum paid up share capital is '1 Lakh.The word Someone Company should be mention in brackets below the name of the company to distinguish it from other forms of business.It need not to hold any Yearly General Fulfilling (AGM) in every year.The provision relating to calling of an extra ordinary general meeting by the board or tribunal do not use to One Person Company.All provisions concerning Yearly General Meetings like notification period, contents of notice, explanatory statement, quorum requirements, proxies, voting and so on do not use to One Person Company.The Memorandum of A single person Company will suggest the name of the other person/nominee, who shall, in the event of the subscribers death or his incapability to agreement become the member of the company, till the date of transmission of shares to legal beneficiaries.The composed permission shall be submitted with the Registrar at the time of Incorporation of the One Person Company in addition to its Memorandum of Association & Articles of Association.The nominee/other person can withdraw his authorization at any time.The candidate might be change at any time, by notice to the other person & intimate the same to the company. Then the company must intimate the very same to the Registrar.The Financial Statements of an One Person Company consist of The Revenue & Loss Account, Balance Sheet, Notes to Account. The Capital Declaration might not include in the Financial Statements.Just one director is sufficient to sign the Financial Statements/ Directors Report.Someone Company need to submit the copy of the financial statements with Registrar with in a duration of 180 days from the closure of Financial Year.The Annual return of an One Person Company will be signed by the Company Secretary, or where there is no Company Secretary, by the director of the company.It ought to inform to the Registrar about every contract entered and also must record in the minutes of the meeting within 15 days from the date of approval by the Board of Directors.A person shall not be eligible to incorporate more than Someone Company or become nominee in more than one such company.A minor can not end up being a member or nominee of the One Person Company or can hold share with helpful interest.A single person Company can not carry out NON Banking Financial investment activities including investment in securities of anybody business.All business to be transacted at the meeting of the Board shall be participated in minutes book preserved under area 118.Someone Company can not willingly converted into any kind of company unless 2 years have actually been expired from the date of incorporation other than in case its paid up share capital surpasses '50 Lakhs or its average turnover during the pertinent period surpasses '2 Crores.

OPC Registration:-.


Prominent features and Process of OPC Registration by company vakil

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Author: Olive Credson

Olive Credson

Member since: Aug 14, 2018
Published articles: 17

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