Follow Us

Call us : +91-9654162334

Email at: services@trueaccounting.in

Visit us : www.trueaccounting.in

19, 1st Floor, Corner Market, Near Pizza Hut,

Malviya Nagar, New Delhi-110017 (India)

Important Update / News / Due Date

Registration of One Person Company (OPC)

Image description

One Person Company is basically an amalgamation of Company form of business and Sole-Proprietor which is equipped with better advantages followed by concessional requirements under The Companies Act, 2013 (No.18 of 2013).


It’s a new type of business that is based upon a simple yet unique concept. Founded under The Companies Act, 2013 (No.18 of 2013), it allows Entrepreneurs who run their business in the form of Sole-Proprietor to do more by entering into the Corporate Framework.

Main

Features

Director : Minimum 1 & Maximum 15 Directors at a time


Shareholder : Only One OPC create by one Indian Resident Individual only


Annual General Meeting (AGM) : Not required 


Annual Finacials  : Submit within 180 days after end of the financial year.

Registration

Process

# Get Digital Signature (DSC) of proposed director.

# Director Identification Number (DIN) of proposed director.

# Application for Name Approval is Filed in form INC-1 - Name Reservation

# Draft MOA & AOA and signed.

# Form INC-2 to be filed online. INC-22 also will be filed online , if apply.

# Get Incorporation Certificate.

Conversion

Mandatory Conversion : If Paid up Capital exceeds 50 Lacs or Turnover exceeds 2 Crore, mandatory apply for conversion into private or public limited company


Volutory Conversion : If copmany running more than 2 years , OPC can be converted without reaching its mandatory ceilings.