Registration Of Opc In India

However OPC can appoint as numerous as 15 directors for administrative functions, with out giving any share to them.Even so, charge need to be paid to the Government for issuing a minimum of shares worth Rs.1 lakh Authorized Capital Fee throughout the incorporation of the OPC. By notification of the Firms (Appointment and Qualification of Directors) Fifth Amendment Rules, 2018 in the rule 12A, for the words and numbers DIR-3 KYC on or ahead of 31st August, 2018, the words and numbers DIR-3 KYC on or just before 15th September, 2018 ” shall be substituted.There is no minimum paid up capital restriction for One Person Organization but the maximum capital is restricted to Fifty Lakhs and maximum turnover can be only Two Crores.

Opc Registration Cost In India

Your Logo Registration will avert third parties from working with, devoid of consent, related logo for similar goods & services as these protected by Trademark Registration with your Logo. In addition, it is significantly less difficult to avail loans, or any venture capital investments if the corporation is a private limited as opposed to proprietorship or partnership firm. A 1 Particular person Business (OPC) can not raise funds by promoting its shares and therefore not preferred for startups. Directors are the hands and brains of a enterprise where as shareholders are the owners of the company. Prior to this act was passed in 2013, at least two directors and shareholders had been required to register a organization. The performance of the firm in preceding year was not superior.

A single individual corporation registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, corporation kit and Logo Designing. An OPC can get itself converted One Person Company Registration into a private or public company by complying with relevant norms like getting the requisite paid up capital for these class of entities. 5. The Government of India now-a-days promotes the Incorporation of Business enterprise in India along with the Make in India” One Person Company Registration campaign. Considering the fact that One particular Individual Providers came into effect in April 2014, 2000+ A single Particular person Firm Registrations were carried out in the nation in the first year.

Opc Registration Cost In India

Like aPrivate enterprise, One particular Individual Business can raise funds by way of venture capital, monetary institutions, angel investors etc. Providers Act, 2013 has opened the corporate door for the individuals who have all the entrepreneurial knowledge and normally wanted to have their own business by the new idea of One Person Company”. DIN Number is a exclusive identification quantity allotted to the directors by the Government.Minor can't shall become member or nominee of the One Particular person Business or can hold share with beneficial interest.