Companies Act 2013 bring the new concept for Proprietorship Firm Registration having legal status with MCA in Form of One Person Company
(OPC) Incorporation for Single Director Company but having many
conditions for OPC formation, but for Company Registration such as
Private Limited Company Formation or Public Limited Company
Incorporation or LLP Registration there is no such condition as compared
to OPC, following are the conditions for OPC Formation:-
(1)
Only a Human Being who is an Indian citizen & resident in India can
incorporate a One Person Company (OPC) and can become nominee for the
single member of a (OPC) One Person Company.
(2) A Single Person can register only a One Person Company or can become nominee in one such company
(3) A minor cannot become member or nominee of One Person Company.
(4) One Person Company (OPC) can’t be converted into a Section 8 company
(5) OPC can’t carry Non-Banking Financial Investment activities and investment in securities of Company.
(6) OPC
can’t be convert voluntarily into any kind of company within 2 Year
from the date of its incorporation except in certain ceases
(7) Such Company converted itself into a public or a private company automatically in certain cases.-
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When paid up share capital of One Person Company exceeds rupees fifty
lakh or its average annual turnover during the relevant period exceeds
rupees 2 crore, it automatically cease to be entitled to carry in form
of One Person Company.
Company Registration Consultants
should acknowledge all the above condition to the person who desired to
form a One Person Company. Due Diligence Financial Services is a
Company Registration consultants and Finance and Accounting outsource
Company and provides online Company registration services in form of
Private Limited Company Incorporation or Public Limited Company
Formation and also NBFC LLP registration in Delhi Noida Gurgaon Ranchi
Patna Haryana Deoghar Giridih Bokaro Dhanbad Uttarakhand etc.
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