OPC REGISTRATION IN COIMBATORE @ Rs 8500
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Coimbatore, the "Manchester of South India" and Tamil Nadu's second-largest city, offers vast opportunities for start-ups. To run a sole-proprietorship-like company in Coimbatore without third-party interference, opt for One Person Company (OPC) registration. Only Indian citizen residents can start OPC registration in Coimbatore. Post-registration, OPCs with OPC registration in Coimbatore need to handle compliances like annual return filing, auditor appointment, and financial statement generation with ROC.
Self-registration for OPC might lead to confusion and time consumption due to evolving policies. We specialize in swift and hassle-free company registrations, equipped with expertise and experience. An OPC with online OPC registration in Coimbatore remains resilient except for legal dissolution, allowing access to funding from NBFCs and banks. Company name transfer within OPC is simple. OPC registration suits small businesses due to the expansive consumer market and skilled labor availability in Coimbatore.
FAQ on One Person Company
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What is the minimum requirement to form a one person company?Registering a company is effortless with Shoplegal. A single person can serve as director cum shareholder. Required proofs include PAN and Aadhar copies, along with one of these: Driving license, Voter ID, or Passport for permanent address. Additionally, submit one of these: Telephone bill, Electricity bill, Mobile bill, or Bank statement for present address proof. Simplify the process with guidance of Shoplegal.
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What way one person company is differentiated from proprietorship ?In a One Person Company, shareholder liability is restricted to the subscribed share capital. Unlike sole proprietorships, the shareholder's liability is limited, ensuring legal responsibility extends only to the invested capital.
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What is authorized capital and paid up capital?The authorized capital is the maximum share amount a company can issue. Paid-up capital, however, refers to the shares issued and subscribed by shareholders. Post incorporation, authorized capital can be increased as needed to issue more shares to shareholders. This flexibility allows for adjustments based on future requirements.
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Is it mandatory to deposit paid up capital subscribed by shareholder in bank account?After company registration, open a bank account in the company's name. Then, transfer the subscribed capital to this account. File the commencement of business within 180 days post incorporation to ensure compliance.
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Can foreigner or foreign company or nri register a one person company?NRI, foreigners, or foreign entities cannot establish a One Person Company (OPC).
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Is it mandatory to setup office for registering company in india?Every Indian-registered company needs a registered office for official communications from government bodies, banks, and more. The office location can be anywhere in India.
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How to check availability of name with ministry of corporate affairs?Feel free to share names using SHOPLEGAL's name availability link. We'll provide available names based on searches for similar registered names with MCA.
Single owner
To set up a One Person Company, eligibility requires the individual to be an Indian resident and citizen.
Directors
A company must have at least one director, and the sole shareholder can also serve as the sole director. The maximum number of directors allowed for a company is 15.
Capital requirement
A One Person Company can commence with any capital amount. If the paid-up capital reaches or exceeds 50 lakhs, the OPC status changes to that of a private limited company.
Less compliance
One Person Companies face fewer compliance burdens than private limited companies. This allows OPCs to focus more on essential core areas of their operations.
Control with single
person
This leads to swift decision-making and execution. However, one can appoint up to 15 Directors in the OPC for managerial roles.
Applicability
OPCs are suitable only for individuals. If an OPC surpasses a paid-up share capital of Rs. 50 lakhs or a turnover of Rs. 2 crores, it must convert into a Private Limited Company.