Which Law and Amendment We Should Follow Before OPC Registration?

 What is the Law Amendment of One Person Company?

According to section 2(62) of the Companies Act,2013, One person company means a company that has one person as a member. It gives a single promoter entire control over the company when limiting his or her liability to donation to the business. You must need to know how to register OPC?



opc registration process






Is It Possible OPC Company Converted Private Limited Company?


One Person Company can be changed into a Private Limited Company both freely before meeting any of the above criteria or mandatorily after meeting and they must be remembered should be minimum 2 shareholders and 2 directors. After, a board aspiration must be passed by the shareholders for accepting the another of the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC. OPC registration process is very easy and hassle-free.


What are The Situations When OPC Converted Private Limited Company?


You must need to know the things when OPC converted Private Limited Company. Assuming the paid-up share capital of an OPC crosses fifty lakh rupees or its average yearly income of instantly earlier three respectively financial years exceeds two crore rupees, then the OPC has to necessarily convert itself into a private or public company. One person company registration if you have wanted then consult Online legal India.


Are We Can Get Any Benefit From OPC Company?


 Yes, You can only be the director of your company so you are independent. there are no legal difficulties. The lightness of shares. you can get all types of tax benefits which are including cash, life insurance, health insurance, vacations, retirement plans, and child care.

Location: 8th floor, Astha Kunj Rd, In front of Nehru Palce metro station, Nehru Place, New Delhi, Delhi 110019, India

Comments

Post a Comment

Popular posts from this blog

How Can An LLP (Limited Liability Partnership Firm) be Set Up in India?

Image
  LLP or Limited Liability Partnership is a modern type of business incorporation which has become popular among the budding entrepreneurs for its several business benefits. Here, you need at least two business partners to form the LLP or Limited Liability Partnership firm. There is a special meaning related to the term ‘Limited Liability’. It means neither of the two business partners or more than that has to bear complete responsibility for the business’s liability indebtedness.  Another benefit of the Limited Liability Partnership firm is not one partner responsible for the other partner’s wrongdoing. These are the reasons business persons love to establish the LLP (Limited Liability Partnership) firm among themselves.     Notable Features of the LLP Act 2008 There are a few notable features that are associated with the LLP (Limited Liability Partnership) Act 2008 which is conducting the LLP-related components in India -  The LLPs are considered an evolved form of the partnership fi
Read more

How Can We Register as Private Limited Company in MCA Portal?

Image
  Which Document is Required For Public Limited Company? A  certificate  of the beginning of  a business  is  required  before  starting   the  company . A minimum paid capital of Five lakhs is needed. Exact documents are needed for the incorporation of  a   Limited Company . Public limited company registration is very easy. What is The Legal Requirement of a Public Limited Company? There are a lit bit of different  requirements for a public company  than a  private company , for example, a  public company  should have a minimum of two directors and a  company  secretary, although a  private limited company  is only required to have one normal director and there is no necessity to have a  company  secretary. Who Is The Responsible For The Profit of Public Limited Company? Limited  by shares  companies  are build by  profit -making businesses, which means that excess income is mainly paid to shareholders in the form of dividends.  Companies limited  by guarantee are normally establishe
Read more

What is The Process of GST Registration?

Image
  What is The New Rule of GST Registration? Aadhaar Authentication is necessary . You can easily do   GST  registration from Online Legal India. Any person applying for a new GST registration require to get Aadhaar authentication done, with both biometrics and a photograph. If Aadhaar authentication is not finished at the time of registration, KYC data with a photograph and biometric information is also necessary to be delivered. How Much Time Limit of GST Registration? The time for applying for GST registration is  within 30 days  of becoming responsible to acquire GST registration. Will TDS be Deducted Including GST? For the reason of deduction of TDS, the value of supply is to be taken as the amount except the tax pointed out on the invoice. This means TDS shall not be substracted on the CGST, SGST or IGST part of invoice. So it you should be understood taht TDS has not been deducted as GST. If you have not enough time for GST online then you need to know the procedure. Will GST R
Read more