FORMING A ONE PERSON COMPANY
One
Person Company in India:
A One Person Company is type of company registered under the companies
act. It was introduced by the new Companies Act, 2013 and become one of the
most famous type of company registration especially for small traders and
business persons, who wants a corporate identity for their business.
One Person Company means a company owned and managed by only one person
and nominee would be appointed in case of death of the sole member.
Features
of One Person Company:
1. Formed and registered as per the rules and regulations
laid by the Companies Act, 2013.
2. Separate legal status in the eyes of law and
distinct from its members.
3. The member of the company enjoys the limited
liability, i.e., his personal assets will not be involved if company incurs any
loss.
4. A company which has a legal status can be sued
and can sue in its own name.
5. One Person Company also enjoys perpetual
succession, in case of death of sole owner, the nominee appointed during
incorporation undertakes the affairs of the company till another member is
appointed.
Requirement
for Starting a One Person Company:
1. Minimum two person required, one would be the
member and the other one would be the nominee for the company.
2. Minimum authorized and paid up capital for
starting a OPC shall be Rs. 1,00,000/-
3. Obtain Digital Signature and Director
Identification number for the sole member cum Director of the company.
4. Suggest six names for the company, which
should be within the naming guidelines laid by the MCA- Ministry of Corporate
Affairs.
5. Must have a valid registered office address
proof.
End
Note:
A One Person Company, has
become a popular type of Company registration, since the management burden and
the cost for registering is on the lower side. A small businessmen and traders
can avail the advantages of One Person Company.
To know more about registration of one person company,
visit www.registeropc.com
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ReplyDeleteOne person Company Registration : “One Person Company” means a company which has only one person as a Member. Moreover, members of a company are nothing but subscribers to its memorandum of association, or its stockholders. So, an OPC is efficiently a company that has only one shareholder as its member. Contact Us: +91 8929218091
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