One Person Company registration in Banaswadi consultant provider service in all over Bangalore to best services incorporate world company development, a single member can act both as a bondholder and director of the company. The company is solely started and under control by one person. It is a delightful move to spearhead the activity in India as it removes worthless hurdles in the development of a company. The One Person Company firm has characteristics of a conventional proprietorship firm where a single member owns, jurisdiction, and deal the affairs of the company. As per the business Law guidelines, a One Person Company shall be transformed into a private limited company within six months upon reaching an average three year turnover of 2 crore rupees, or once the paid capital of the corporate is enlarged to on top of fifty lakhs. One Person Company is a new and a great initiative by the Government of India based on the Companies Act 2o13. It strengthened the development of start-ups by businessmen. While the One Person Company provides a single member total authority over the company affairs, but it also limits the promoter’s liabilities to the business there is much betterment for a businessman in going for a One Person Company but with one disadvantage that there’s a restriction in bigger equity finance and offering employee stock options. It is a type of Private Limited Company where a minimum and a large number of members is one. The One Person Company was recently introduced as a strong improvement over the sole proprietorship One Person Company has the limited liability of its members unlike in a partnership firm. It gives a sole promoter full control over the company while limiting his or her liability to donation to the business. This person will be the only director and bondholder (there is a nominee director, but with no power until the original director is incapable of entering into a contract). The One Person Company is one of the most credible construction and preferred over a Proprietorship.
- Digital Signature Certificate: is necessary fore-filling with Ministry of Corporate Affairs A Digital Signature Certificate application needs to be filed along with ID and address proof duly attested by the bank manager, Government officer or post-master It’s a unique number which is assigned to the Director of a company by the Ministry of Corporate Affairs A minimum of one and maximum of six proffered name can be submitted to the Ministry of Corporate Affairs for name acceptance. Name approval will be obtained within one working day.
- Owning Property: a corporation being a legal person, will acquire, own, fancy and alienate, property in its own name. No bondholder can make any claim upon the property of the company so long as the company is a going concern.
- Easy interchangeable: Shares of a company limited by shares are transferable by a bondholder to any other person. Filing and sign language a share transfer type and surrendering the customer of the shares beside share certificate will simply transfer shares. A certificate can easily transfer shares.
- Dual Relationship: In the company form of administration it is possible for a company to make a valid and efficient contract with any of these members. Thus, a person can at the same time be a bondholder, creditor, director, and also an employee of the company.
One Person Company or OPC Company registration in Banaswadi cost will depend on many factors like based on company nature and based company type which you have selected. Costing information can be decided by consulting experts. Consultry is the best team that can help you to get register your organization at an affordable cost. If you are looking to get register your organization feel free to send your inquiry to email@example.com or feel free to contact: 7975187793 or visit https://www.consultry.in/