Is registration of OPC compulsory?

Mandatory conversion of One Person Company (OPC) to Private Limited Company (PLC) is required in case a One Person Company meets certain parameters such as: The effective date of increase in the paid-up share capital of a One Person Capital is beyond 50 lakh, and.

What are the documents required for OPC registration?

Documents Required For OPC Registration

• Copy of PAN Card of owner.
• Passport size photograph of the owner.
• Copy of Aadhaar Card/ Voter identity card.
• Copy of Rent agreement (If rented property)
• Electricity/ Water bill (Business Place)
• Copy of Property papers (If owned property)
• Landlord NOC (Format will be provided)

What is the process of registering a company in India?

Four major steps to register a company/ startup in India:

1. Step 1: Acquire Digital Signature Certificate (DSC)
2. Step 2: Acquire Director Identification Number (DIN)
3. Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
4. Step 4: Incorporate or Apply for the company to be registered.

Who can incorporate an OPC in India?

A One Person Company Registration in India can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.

What is the cost of registering a one person company?

The cost of an OPC is only marginally lower than that of a private limited company. You’ll be shelling out around ₹12,000 to incorporate, then paying around ₹15,000 a year in compliance fees and an auditor to inspect your books.

What is the minimum capital required for a private limited company?

The Companies Act, 2013 earlier mandated that all Private Limited Companies have a minimum paid-up capital of Rs. 1 lakh. This meant that Rs. 1 lakh worth of money had to be invested in the company by purchase of the company shares by the shareholders to start the business.

What are the steps in registering a company?

How to Register a Company in 3 steps

1. Register your company from the comfort of your house or office.
2. Step 1: Submit your application online.
3. Step 2: All registration documents will be lodged with the Registrar.
4. Step 3: The company registration certificate will be emailed to you.
5. Private Company.
6. Non Profit Company.

How can I register a private limited company in India?

How to register a Private Limited Company

1. #1: Apply for DSC (Digital Signature Certificate)
2. #2: Apply for the DIN (Director Identification Number)
3. #3: Apply for the name availability.
4. #4: File the EMoa and EAOA to register the private limited company.
5. #5: Apply for the PAN and TAN of the company.

Can OPC be sold?

a) Voluntary Conversion: An OPC can voluntarily converts itself into Private or Public Company, provided 2 years must have elapsed since incorporation. In simple words, An OPC, after completion of 2 Years from the Date of Incorporation, can convert itself into Private or Public Company.