OPC Registration in Pune
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Pune, a major city in Maharashtra, offers a thriving business environment with a strong presence in information technology, manufacturing, and education sectors. The city's skilled workforce and infrastructure make it conducive for business growth. Maharashtra's policies on OPC registration in Pune provide entrepreneurs with a smooth pathway to establish their ventures in Pune.
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 Pune.
Following are the benefits of OPC registration in Pune:
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 Pune. 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 Pune:
Following documents are essential for OPC registration in Pune:
Following are the steps to register a OPC in Pune:
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 Pune has gained much popularity since it was introduced in 2008. During OPC registration in Pune, 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 Pune. 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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