Rupees One lakh (INR 100,000). However the requirement of minimum share capital may go up if certain words such as India (INR 500,000), Asia (INR 5,000,000), Global, Universal, Industrial (INR 10,000,000) are chosen as part of the company’s name.
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
We can incorporate an OPC in 7-8 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
An application needs to be submitted to the MCA DIN Cell to obtain a DIN.
No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email. Some documents will also have to be couriered to us.
When a One Person Company gets incorporated, it cannot convert itself to Private or Public company for a period of not less than two years from the date of incorporation. Means if you want to get converted voluntarily you have to wait for two years to over.
When a One Person Company has a paid-up capital more or equal to Rs. 50 lakhs or, the Annual turnover for the relevant financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into Private Limited Company or Public Limited Company.
No, an NRI or Foreign National cannot be a shareholder for an OPC
Yes, a salaried person become the director in an OPC, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
No you can open a company to your residential address there is no requirement to have a commercial place to open up a company.
For Registered Office Address
First ensure that company name is not similar to any other Private Limited, OPC, LLP or Public limited company. Also, do check if your first is not a registered trademark taken by anybody under the IP Act.
Also, make sure the name is not too generic to be accepted by the ROC and also, try not to use abbreviations, adjectives.
While choosing the name make sure that name should contain the objective of the business like if the objective is IT then the name should contain Technology, Technosoft or IT consultancy.
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