ONE PERSON COMPANY REGISTRATION CONSULTANT IN FIROZABAD

One person company registration in Firozabad is most beneficial for persons who want corporate legal entity with the benefits of registration with one person as a Director and a member, One person company registration consultant in Firozabad is available to ensure that benefits reach the right person.

The Legal formalities of registering One person company is very less. It is very easy to run one person company as Decision making is in single hand and it makes the decision very speedy.

Meaning of One Person Company: One person company is a form of company where single individual runs the company and having the benefits of limited liability and corporate vision.

Various benefits of registering One Person Company

1. Limited Liability: Individual who is the Director and Subscriber gets the benefit of limited liability
2. Management: Decision making is quick and easy
3. Separate legal entity
4. Investment opportunities better for investors

 How to Register One Person Company in Firozabad

1. Apply DSC Digital Signatures and DIN Director Identification Number
2. Name Apply : Apply name with main working as main objects
3. Name Approval: Once you apply name then name approval letter is issued
4. Incorporation documents: After name approval, one must file MOA, AOA along with mandatory documents
5. COI: Certificate of incorporation is issue and then Commencement of business is file for pursuing work
6. Bank Account: Bank Account need to be opened after receiving registration documents

Legal Framework of registering One Person Company

1. As per Section 2(62) of the Companies Act, 2013, One person company means one person as its member
2. Nominee must be appointed in case of one person company
3. Liability of the Member is limited
4. OPC are exempted from holding Annual General Meetings
5. OPC must convert into a private limited company if paid up capital exceeds 50 lacs or turnover exceeds 2 crore

OPC V/s Private Limited Company

1. Minimum number of members: One in case of OPC and two in case of Private Limited Company
2. Directors: One in case of OPC and two in case of Private Limited Company
3. Name: In case of One person Company, name must have OPC and in case of Private Company name must have Private Limited
4. Conversion: OPC must convert into Private when turnover exceeds 2 Crore