One Person Company Registration in Rajajinagar Consultant provides services to Rajajinagar The concept of One Person Company in India was introduced to complete the Companies Act, 2013 to support businessmen who on their own are capable of initiate an enterprise by permitting them to create a single person financial entity. One of the huge opportunities of a One Person Company is that there can be only one associate in a One Person Company, while the lowest of two associates are necessary for the combine and maintaining a Private Limited Company or a Limited Liability Partnership. Similar to a Company, a One Person Company is an individual lawful entity from its associate, offers limited liability protection to its bondholder, has limitless of company, and is simple to incorporate.

One Person Company in Rajajinagar Though a One Person Entity permit alone businessman to run a business with Limited Liability safeguard, a One Person Company does have a few restrictions. For instance, every One Person Company must nominate a nominee Director in the Memorandum of Association or articles of the association who will become the owner of the One Person Company in case the promoter Director is disabled. Also, a One Person Company must be modified into a Private Limited Company if it crosses an annual croissant of Rs. Two crores and must file inspection investment. an account with the Ministry of Corporate Affairs at the end of each Financial Year. Therefore, it is essential for the entrepreneur to carefully acknowledge the nature of a One Person Company introductory to incorporation that can help incorporate a One Person Company in India.

The character of One Person Company

  1. Only One Shareholder:

Only a natural person, who is an Indian citizen and resident in India shall be qualified to incorporate a One Person Company. Clarifications The term “Resident in India” means a person who has stayed in India for a duration of not less than 182 days throughout the instantly introductory one calendar year.

  1. Nominee
    1. Nominee for the Shareholder: The bondholder shall nominate another person who shall become the bondholder in case of death or incapability of the initial bondholder. Such an applicant shall give his or her consent and such consent for being appropriated as the applicant for the sole investor. Only a natural person, who is an Indian citizen and resident in India shall be a nominee for the sole applicant of a One Person Company The rules for incorporation of one person company compulsory that the sole representative. of a One Person Company should carry, the name of a nominee in the Companies Memorandum of Association, who will undertake the entity after the lapse or incompetence of the former. Moreover, the certificate must accommodate the written consent of the applicant, which must also be classified with the Registrar during incorporation along with the Memorandum of Association,  and articles of association.
    2. Nominee Appointment: If an applicant. becomes in-charge of the one-person company due to the cessation of the initial member’s term owing to the death or incapability of the latter, the new representative must appoint an applicant as a change.
  2. Director:

Must have a least possible of One Director, the Sole Shareholder can individuality be the Sole Director. The association may have the highest number of Fifteen chiefs.

How to get One Person Company Registration in Rajajinagar?

One Person Company or OPC Company registration in Rajajinagar 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 info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/

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