Definition of OPC Registration in Mumbai
An OPC, often known as a one-person company, is the most modern corporate structure provided by the 2013 Companies Act in India.
A forward-thinking concept was introduced to encourage the incorporation of microbusinesses and individuals with entrepreneurial ideas, as well as to provide a boost to entrepreneurs with high potential by allowing them to form a sole proprietorship.
You can easily create a one-person company in accordance with the provisions of the Companies Act of 2013 and related laws, which make it possible for a sole proprietorship to function as a business entity without the need for partners. This enables a greater number of individuals to start businesses. The OPC is appropriate for small firms whose annual revenue will not exceed Rs. 2 Crores. In OPC Registration, it is essential to remember that the candidate or director must be an Indian resident.
Individually-Owned Businesses contribute significantly to India's economic growth. Entrepreneurs are increasing in number and starting businesses. By incorporating an OPC, a business is eligible for banking loans and credits and can enjoy the benefits of banking points. Therefore, if you choose to launch your own firm, you need not be concerned about the network and delayed procedures.
Opt for OPC since
Here are the eligibility requirements for OPC Registration in India.
• It is permissible to have more than one director, but only one shareholder.
• Unaffected by the passing of a member or a change of ownership. • Comparatively simple to establish and manage.
• Minimal paperwork is required. • Limits the liability of its members.
• Capable of acting as a stockbroker or sub-broker • No multiple compliances
• No third-party intervention is observable
• No individual may incorporate more than one one-person business.
Mumbai OPC Registration Eligibility Criteria
Here are the eligibility requirements for OPC Registration in India.
• Only an individual who is a resident of India and a citizen of India. Resident in India refers to a person who lived in India for at least 182 days in the 12 months prior.
• Legal entities such as corporations and LLPs cannot join an OPC.
• During the incorporation phase, the promoter must designate a nominee.
• Minimum authorised capital of Rs 1 lakh is required.
• An OPC is not permitted to accept a minor as a member.
• If an OPC has a revenue of more than Rs 2 crores or a paid-up capital of more than Rs 50 lakhs. It must be changed to a private or public organisation within six months.
• At Least 1 Shareholders/Nominees/Directors
Why Obtain OPC Registration in Mumbai?
Liability Restricted
Regardless of the business's indebtedness, the directors' personal property is always protected. In OPC, only investments in the corporation are destroyed, but the personal assets of the directors are preserved.
Continuous Existence
An OPC possesses a distinct legal identity, which would be transferred to the nominee director, ensuring its continuous existence.
Credibility enhancement
Since an OPC is required to have its books audited annually, it enjoys a greater level of reputation with vendors and financial institutions.
Due to minimal documentation requirements, OPC OPC Company is straightforward to sell.
One owner has complete control over the company.
This facilitates rapid decision-making and implementation. However, OPC can appoint up to 15 directors to formal positions without compensating them.
Simple to obtain financing and funds
OPC is one of the easiest forms of business entity to operate. Very few ROC filings are required to be registered with the Registrar of Companies. There is no need to manage the Annual General Meeting and other recurring obligations.
OPC Registration Documents Required - Mumbai
• Passport-sized photo of the owner • Copy of the owner's PAN card • Copy of the owner's Aadhaar card or voter ID card • Copy of the rental agreement (if the property is rented) • Electricity/water bill (business place) • Copy of the property papers (if the property is owned) • Landlord's no objection certificate (Format will be provided)
OPC Registration - Mumbai - Who Are We?
We have a staff of CA, CS, and Lawyers who are specialists in the fields of Accounting & Taxation, Company Incorporation, and its compliance on your behalf.
Definition of OPC Registration in Mumbai
An OPC, often known as a one-person company, is the most modern corporate structure provided by the 2013 Companies Act in India.
A forward-thinking concept was introduced to encourage the incorporation of microbusinesses and individuals with entrepreneurial ideas, as well as to provide a boost to entrepreneurs with high potential by allowing them to form a sole proprietorship.
You can easily create a one-person company in accordance with the provisions of the Companies Act of 2013 and related laws, which make it possible for a sole proprietorship to function as a business entity without the need for partners. This enables a greater number of individuals to start businesses. The OPC is appropriate for small firms whose annual revenue will not exceed Rs. 2 Crores. In OPC Registration, it is essential to remember that the candidate or director must be an Indian resident.
Individually-Owned Businesses contribute significantly to India's economic growth. Entrepreneurs are increasing in number and starting businesses. By incorporating an OPC, a business is eligible for banking loans and credits and can enjoy the benefits of banking points. Therefore, if you choose to launch your own firm, you need not be concerned about the network and delayed procedures.
Opt for OPC since
Here are the eligibility requirements for OPC Registration in India.
• It is permissible to have more than one director, but only one shareholder.
• Unaffected by the passing of a member or a change of ownership. • Comparatively simple to establish and manage.
• Minimal paperwork is required. • Limits the liability of its members.
• Capable of acting as a stockbroker or sub-broker • No multiple compliances
• No third-party intervention is observable
• No individual may incorporate more than one one-person business.
Mumbai OPC Registration Eligibility Criteria
Here are the eligibility requirements for OPC Registration in India.
• Only an individual who is a resident of India and a citizen of India. Resident in India refers to a person who lived in India for at least 182 days in the 12 months prior.
• Legal entities such as corporations and LLPs cannot join an OPC.
• During the incorporation phase, the promoter must designate a nominee.
• Minimum authorised capital of Rs 1 lakh is required.
• An OPC is not permitted to accept a minor as a member.
• If an OPC has a revenue of more than Rs 2 crores or a paid-up capital of more than Rs 50 lakhs. It must be changed to a private or public organisation within six months.
• At Least 1 Shareholders/Nominees/Directors
Why Obtain OPC Registration in Mumbai?
Liability Restricted
Regardless of the business's indebtedness, the directors' personal property is always protected. In OPC, only investments in the corporation are destroyed, but the personal assets of the directors are preserved.
Continuous Existence
An OPC possesses a distinct legal identity, which would be transferred to the nominee director, ensuring its continuous existence.
Credibility enhancement
Since an OPC is required to have its books audited annually, it enjoys a greater level of reputation with vendors and financial institutions.
Due to minimal documentation requirements, OPC OPC Company is straightforward to sell.
One owner has complete control over the company.
This facilitates rapid decision-making and implementation. However, OPC can appoint up to 15 directors to formal positions without compensating them.
Simple to obtain financing and funds
OPC is one of the easiest forms of business entity to operate. Very few ROC filings are required to be registered with the Registrar of Companies. There is no need to manage the Annual General Meeting and other recurring obligations.
OPC Registration Documents Required - Mumbai
• Passport-sized photo of the owner • Copy of the owner's PAN card • Copy of the owner's Aadhaar card or voter ID card • Copy of the rental agreement (if the property is rented) • Electricity/water bill (business place) • Copy of the property papers (if the property is owned) • Landlord's no objection certificate (Format will be provided)
OPC Registration - Mumbai - Who Are We?
We have a staff of CA, CS, and Lawyers who are specialists in the fields of Accounting & Taxation, Company Incorporation, and its compliance on your behalf.
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