Minimum Requirements to Comply For OPC Company Registration
- Minimum One Director and Sharholder (both can be a same person)
- Atlest one board meeting is required to hold in each half year of calender year with a minimum 90 days gap between any 2 meetings
- Minimum Share Capital should be Rs.100,000
- Director Identification Number
- Digital Signature
Thinks to Be Taken Up/Consider Before Incorporating an OPC
- Only an Individual Person is eligible to become a member and nominee in respect of that member
- And that member should be resident only
- Opc can be registered either as Limited by shares, guarantee or an unlimited company
- Not allowed to perform any Non- Banking Financial Investment activities
- It is mandatory to have average annual turnover of Rs. 2 crore in the immediately preeceding three financial years.
- OPC company can be registered only as an Private Limited Company
Note: Resident means should stay in India for not less than 182 days in that year
Contractual Relation with OPC
In case if the member and who himself is also the director of the said OPC entered into any contract with the OPC, then it is compulsory to mention such detail in the memorandum and must be intimated to the registrar within 156 days of entering into such contract.
The concept of Nominee in Respect of One Person Company Registration
When any person is deciding to start its business in the form OPC, then in the concept of OPC Registration then it is mandatory for a member to appoint nominee in respect of himself. The nominee should be a natural person. The nominee is obliged to become member of the company in the event of the death of the member and in the event of incapacitated to contract.
In order to conclude as a start-up of a business, it is a new and beneficial concept without any legal binding to carry on their person. An interested person who is thinking about OPC registration may raise their query on email@example.com.Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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