One Person Company Registration
OnlineThe director can assign as a Director and as a Shareholder for the company. So, A Company can be formed with only one owner, This type of Company is One Person Company (OPC), the constraint here is that there can be more than one Directors but not more than one Shareholders It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA). Register firm for One Person Company online, Get Legal Consultancy in India by professionals, Get *Consultancy, *Registration, *Paper Work, *Legal Protection, *Timely Delivery of Services.
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What is an One Person Company
The Companies act 2013 absolutely revolutionized company legal guidelines in India by introducing numerous new principles that did no longer exist previously. This was the creation of the OPC (One person company) concept. A man or a woman corporation (OPC) defines a corporation constituted with one person (one) as a member, in assessment of the usual exercise of getting a minimum number of members.
Merits of LLP Company Registration
- Only one ownerthis feature helps in quick decision making and there is zero interference of any other person. It helps in managing the business more efficiently.
- Bounded liabilityThe liabilities of the company lies on its own and not the person owning the company. The owner's personal assets stay protected.
- Reputation This is a very important benefit shared by OPC as it helps in building the credibility of the company and it also increases the trust factor thus attracting different investors.
Process of Registration of a LLP Company
- STEP 1: Application of DSC DSC stands for Digital Signature Certificate.
- STEP 2: Application for DINDIN stands for Directors Identification Number.
- STEP 3: Approval of name Approval of name
- STEP 4: MOA and AOA MOA and AOA documents to be deposited to the ROC (Registrar of Company).
- STEP 5: File LLP agreement All these documents to be deposited to the SPICe form. SPICe stands for Simplified Proforma For Incorporating a Company Electronically. It should be attached with all the documents mentioned in above steps.
- STEP 6: Approval of name Registrar of Company provides the incorporation certificate.
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