OPC Registration in Meghalaya
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Meghalaya's landscapes and growing ecotourism industry provide opportunities for hospitality and adventure businesses among many others. The state's focus on sustainable development and agro-based industries offers unique investment potential. OPC registration in Meghalaya makes it easier for entrepreneurs to establish their ventures and contribute to the state's economic progress.
According to Section 2(62) of the Companies Act 2013, a company can now be made with just one director and one member. The director and member can be the same person in case of OPC registration in Meghalaya.
Following are the benefits of OPC registration in Meghalaya:
The One Person Company (OPC) has its own legal identity separate from its member. This protects the individual who started the company. The member's liability is limited to their shares and they are not responsible in personal capacity for the company's losses. This means that creditors can only take legal action against the OPC and not the member or director.
Incorporating an OPC is easy as it only requires one member and one nominee. The member can also act as the director. While there is a minimum authorised capital requirement of Rs. 1 lakh, there is no minimum paid-up capital requirement. This makes the incorporation process simpler compared to other types of companies.
OPCs can avail the benefits offered to small-scale industries in Meghalaya. These benefits include easy funding without collateral security up to certain limits, lower interest rate loans and privileges under the foreign trade policy. These advantages contribute to the progress and development of the OPC in its early stages.
The following are the essentials for OPC registration in Meghalaya:
Following documents are essential for OPC registration in Meghalaya:
Following are the steps to register a OPC in Meghalaya:
Step 1: Get a Digital Signature Certificate (DSC).
Step 2: Apply for Director Identification Number (DIN).
Step 3: Decide on a name and request Ministry of Corporate Affairs (MCA) permission.
Step 4: Write and sign the articles of association (AOA) and memorandum of association (MOA).
Step 5: Compile all required documentation and submit it, in addition to the registration cost and stamp duty.
Step 6: Fill out and submit the application forms to the MCA for review and approval.
Step 7: Receive the certificate of establishment or incorporation.
One Person Company registration in Meghalaya has gained much popularity since it was introduced in 2008. During OPC registration in Meghalaya, certain requirements and compliances must be adhered to in order to make the incorporation and subsequent functioning effective.
StartupFino is a company that specialises in offering complete services for OPC registration in Meghalaya. We can help you with everything from providing advice in the initial phase to ensuring that you meet all the necessary requirements, while also keeping your OPC in good legal standing.
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