Conversion of Sole Proprietorship to OPC
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
Services covered :
- Name Reservation
- Drafting MOA and AOA
- Company Incorporation
- DIN Application
- PAN and TAN Application
- GST Registration
- PT Registration for company incorporated in Maharashtra
Documents Required :
- PAN Card of Shareholders and Directors. Foreign Nationals Must Provide A Passport.
- Voter ID/ Passport/ Driving License of Shareholders and Directors
- Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
- Latest Passport Size Photograph of Shareholders and Directors
- Latest Electricity Bill/ Telephone Bill of The Registered Office Address
- Duly Certified Copy of Latest Audited Financial Statements
- ITR Of Proprietor
For how long is the Company incorporation valid for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliance is met regularly. In case, annual compliance is not complied with, the Company will become a Dormant Company and may be struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
What are the compliance requirements for OPC?
An OPC limited by shares must comply with the following requirements:
o Must have a minimum authorized share capital of ₹ 1 Lac.
o Transfer of shares to anyone else is not allowed.
o An OPC is prohibited from giving any invitations to the public to subscribe to the securities of the company.
When the OPC limited by shares or by guarantee, enters into a contract with the sole member of the company who is also the director of the company; the terms of contract or offer must be recorded in writing. Also, the same must be contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.
Can an individual apply for more than OPC at a time?
No, an individual can form only one OPC at a time. The rule is the same for the nominee director too.
Is OPC a small Co?
The OPC is also a type of Private Limited Company, but with little distinctness. Similar to Private Limited Company, OPC Registration and its operations are governed by the Indian Companies Act, 2013.
Can OPC issue Share?
Shares can be issued only to the single shareholder of that OPC not to anyone else.
Can OPC have more than one director?
The minimum number of director required in OPC is one. However, OPC can have as much as fifteen directors and it can go beyond such limit after complying with prescribed requirements.
Extremely delightful for the services provided by you, thanks a lot in filling my return in short time.
Must take a moment to recognise and appreciate Yash who was managing my papers . He is a diligent and patient guy but on the same hand also persuasive . Appreciate these traits . Wish him all the best .
I used to previously file my ITR through a professional, but I never understood why am I paying interest in my ITR even though I had filed my returns before due date. So, I went to AJVA for Tax Consultation they explained to me why I am paying interest and guided me on the Advance Tax concept and now I give them the required estimation of income and pay advance tax. It has helped me save a lot of money and avoid interest.
I wished to file my ITR at minimal cost, so I was convinced to file it by myself. During filing I came across a lot of queries but ignored it as didn’t seem much important. However, I received a notice from IT department as I had filed a defective return. To resolve this, I contacted AJVA, they not only resolved the issue but also guided me on how to file and where I went wrong.
I run an MSME but I was unaware what is the importance of Udyam Registration Certificate and the process, after consulting AJVA I learned that it is an identity certificate which is mandatory for all MSME’s for recognition. Thankfully I registered as a MSME in time with the help of AJVA and appreciate the co-ordination from the AJVA team.
I had started a new business but I had a lot of queries on how to Incorporate a company, where to apply, what documents are required and lot of other questions. The procedure was complicated and a time taking activity, I was hesitant to hire a professional for the incorporation process. Thankfully I found AJVA and they handled the entire Incorporation process and helped me complete the same in a timely manner.
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