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One Person Company Registration Process

The One Person Company registration process may take 10 to 16 days. Also depend on the speed of government approvals The submission of documents by the client. Choose some unique name for your One Person Company submits Documents prior to incorporation process.

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One Person Company Registration Process

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  1. About One Person Company Registration www.lexoracle.com www.lexoracle.com

  2. About One Person Company Registration Process • The One Person Company registration process may take 10 to 16 days. • Also depend on the speed of government approvals • The submission of documents by the client.  • Choose some unique name for your One Person Company submits Documents prior to incorporation process. • OPC has to file the copy of financial statements with the registrar within five months of the closure of financial year. www.lexoracle.com

  3. 10 Things Necessary for One Person Company Registration • Minimum sum of one lakh rupees towards Government as Share Capital. • OPC is either limited by share or by guarantee. • Compulsory to mention the name of the nominee in the memorandum with his/her consent. • Nominee with the registrar at the time of OPC incorporation along with memorandum and Articles. • The nominee has the right to withdraw the given consent anytime. • The nominee of the company becomes automatically shareholder/member of the OPC in the event of the death/ incapacitation of the client. • The shareholder of the OPC is the first director until he/she appoints a director. • An OPC can have minimum one and maximum 15 directors. • OPC has to file the copy of financial statements with the registrar within five months of the closure of financial year. www.lexoracle.com

  4. One Person Company Registration www.lexoracle.com

  5. Not Eligible for One Person Company Registration • Already incorporated One Person Company can’t apply register for second OPC • A Person can’t become nomine of two OPC’s • A minor is not eligible to become One Person Company nominee. • A minor cannot hold shares with beneficial interest. • A person who has already incorporated an OPC can’t convert it into a non profitable company under section 8 of the Act. www.lexoracle.com

  6. Contact us Lex Oracle | Team of Lawyers H-14, Lgf, JangpuraExtension New Delhi 110014, India E-Mail: info@lexoracle.com faizan@lexoracle.com Mobile: 91-9650607954 Website: www.lexoracle.com . www.lexoracle.com

  7. Thank You www.lexoracle.com

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