A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as: Public Limited Company & Private Limited Company.
The Companies Act, 2013 dictates that any individual who is the sole owner or founder can successfully start a company under “One Person Company” or OPC. According to this Act, only a single entity can function as the shareholder and as the director. Earlier, the Companies Act, 1956 demanded that a private limited company should comprise of at least two shareholders and two directors. However, the Companies Act, 2013 sanctioned by passed by both the houses of the Parliament has introduced OPC to encourage self-employment within the legal premises. However, only under two situations can an OPC be converted into Private limited company – 1. Voluntary Conversion- Conversion in not less than two years from its date of merger 2. Compulsory Conversion- Conversion when an OPC has more than Rs.50 lakhs paid-up capital equal or when the company’s annual turnover exceeds 2 Crore.
|1.||Upload Your Document|
|2.||Make Advance Payment (Half)|
|3.||We will procure your DSC & DIN for all Directors (1 Day Process)|
|4.||We will apply for your Proposed Company's Name Approval (4-5 Days' Process)|
|5.||We will send you a set of document for Directors' Signature (1-2 Days' Process)|
|6.||Make Balance Payment (Half)|
|7.||We will upload your documents for the final registration of the Company (4-5 Days' Process)|
|8.||We will send you the Incorporation certificate, MOA, AOA, PAN & TAN Acknowledgement Reciept next day of Incorporation|