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Overview on Online One Person Company Registration in Hyderabad

We strongly believe that it is Never Too Late, Or Too Early to start with your Business Ideas. Do you feel the same? There is no timeline or expiration date on becoming a successful entrepreneur. Then what are waiting for? Just Scroll down and get our Premium offers to get your OPC Registration in Hyderabad done! Hyderabad is one of the most productive metro cities of India and has also grabbed back the crown of the World’s Most Dynamic Cities in the City Momentum Index-2020. These facts are enough to give an idea about the business opportunities that one can expect from this “City of Pearls”.

Hyderabad having a great outlook both in terms of growth and development has become the obvious choice for many entrepreneurs to start their own business. There are many options like Food Delivery setup, Restaurants, E-commerce, Import Business, and Export of Hyderabad products are the good business prospects in Hyderabad that require comparatively lesser investment. We must take note that whatever business a person tends to start he/she should always keep this thing in his/her mind that conducting thorough market research is of utmost importance.

We all know that getting employment is not that easy nowadays and even if one gets a job, the salary being offered is not satisfactory. Owing to this trend even the Honorable Prime Minister of India Shri Narendra Modi made a statement: that do not try to become employable become an employer instead. So if you are planning to be an Entrepreneur, One Person Company Registration is the best option to avail, and to start a new company as a sole owner in Hyderabad, you need to register the One Person Company with the Registrar of Companies. Then what are you waiting for? Get your OPC registration done in Hyderabad from one of the leading Company Registration Consultants in India and avail the best advantages of One Person Company. We provide comprehensive assistance and best Pre and post services related to OPC Registration.

Business Structure of One Person Company

A One Person Company (OPC) is a new form of business in the corporate history of India. A new progressive plan was introduced to promote self-employment and to motivate individuals who are capable of starting a business of their own. OPC enables a sole trader to convert his firm into a Limited Liability company and derive the advantages of an Incorporated Company. An OPC is a business structure, which enjoys the benefits of both a Sole proprietorship and a company form of business. Thus, it eliminates the hassles of finding the right kind of co-partner/s for starting a business as a registered entity.

As Per Section 2(62) of the Companies Act, 2013, One Person Company means a company which has only one person as a member.

One Person Company is bringing the Proprietorship Business into the organized version of a private limited company. Various small and medium scale businesses, that were doing their business as a Sole proprietor, have entered into the corporate sector. The organized version of OPC is opening the path for more favorable banking facilities.

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The Eligibility criteria for One-person Company Registration in Hyderabad

  • Only a natural person who is a resident of India in the preceding calendar year can form OPC.
  • Note-Resident means a person who has stayed in India for not less than 182 days during the preceding calendar year.
  • Only one member can form an OPC.
  • The OPC formed under Section 3(1) may be either-
      • A Company limited by shares, or
      • A Company limited by Guarantee, or
      • An Unlimited Company
  • The name of the company should be unique and shouldn’t be similar to any other existing company and trademark.
  • A person cannot incorporate more than 1 OPC or be the nominee of more than one OPC.
  • There must be a least 1 director, and a maximum of 15 directors can be appointed in a company for OPC registration online.
  • The Threshold limit of paid-up capital is Rs 50 lakh and the Average Annual turnover is Rs 2 Cr. in the immediately preceding financial year, and if the Company exceeds the limits the status of OPC is lost.
  • The name of the One Person Company must include the last word as (OPC) Private Limited.
  • Pre-condition to indicate the name of the other person as a nominee in the event of the death of the subscriber to become a member of the One Person Company.

What are the Restrictions implied on OPC?

What are the Restrictions implied on OPC

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