One person company registration in Madurai and Karur can be done easily with Corpstore Business Solutions. Our dedicated team of professionals will help you to register your OPC with online documentation and simplified process. An OPC is the newest form of business in India introduced by the Companies Act, 2013. Section 2(62) of Companies Act defines a one-person company as a company which has only one person as its member. Furthermore, members of a company are subscribers to its memorandum of association, or its shareholders. So, an OPC is a company with one shareholder as its member. .
The OPC is suitable for small businesses whose turnover is not likely to cross Rs. 2 Crores and the maximum amount of capital to be invested is limited to Rs. 50 lakh. An OPC can have more than one director. However, one of the director should be an Indian Resident.
Rules regarding to the formation of one-person companies strictly restricts the conversion of OPCs into Section 8 companies, i.e. companies that have charitable objectives. Moreover, OPCs also cannot convert voluntarily into other kinds of companies until the completion of two years from the date of their incorporation.
As the application for LLP Registration is filed completely through online, the process starts with the issuance of the digital signature of class-2 for the partners.
The name of the company should be unique and new name which should not be the same or similar to an already registered company, LLP or a registered or applied trademark.
One single application (spice 32) is filed for allotment of DIN, and incorporation of the company. Only with the approval of this form, the Certificate of Incorporation is issued.
Usually Income-tax Department allots a PAN and TAN, which is mentioned on the certificate of incorporation.