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ONE PERSON COMPANY REGISTRATION

One Person Company (OPC) is a new form of business introduced in the year 2013, for the first time where in only one person can open a company, However a nominee need to be nominated. Setindiabiz offers One Person Company Registration from Rs. 14,000/-only.

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One Person Company Registration

A One Person Company is the newest form of business in India introduced by the companies Act, 2013 for the first time where in only one person can open a company, However a nominee need to be nominated. A One Person Company can be established only for small businesses as the maximum turnover it can operate with is Rs. 2 Crores Only. An OPC can raise capital only up to Rs. 50 Crores. Only an Indian Citizen can open a One Person Company. OPC is creation of law and can be registered / incorporated as per the law as in the companies’ act 2013 and the rules made there under. This is a new concept introduced for the first time in India by The companies’ act 2013; one person can act as shareholder as well as director of the company hence more like a one person controlled organisation. The world OPC has to be written in the name of the company. OPC have a characteristic of proprietorship firm where one person owns, controls and manage the organisation. An OPC has to convert into a private limited company once turnover reaches 2 crores or Capital is more than 50 Lac