Welcome to Filingpoint Best consultant for Retail Company Registration Expert +91 72999 72500 Filingpoint Retail Company Registration in Tiruppur is one of the best options for aspiring entrepreneurs looking to start a business in India. A retail business offers an array of profitable opportunities, including the potential to sell a wide variety of goods and services to a broad customer base. It's important to understand the legal requirements and business structure needed for a retail venture before getting started. The process of registering a business in Tirupur is typically completed within 14 working days, subject to the quick submission of all necessary paperwork and approval from regulatory officials. Once complete, the Registrar of Companies will issue the Certificate of Incorporation , showing the official creation of your business and giving it a unique company identity number. Incorporating a business in Tirupur can be an overwhelming process ...
Welcome to Filingpoint One Person Company Registration Expert +91 72999 72500
Filingpoint One Person Company Registration in Vadapalani is the latest form of business structure introduced by the Companies Act, 2013. The name 'OPC' stands for "One Person Company." While this kind of business provides the benefits of limited liability, it also makes the owner more accountable to the laws of the land. Generally, the OPCs are micro businesses.
To register an OPC, you need to be a natural person who is an Indian citizen. In addition, the promoter should be a resident of India. Then, you need to have a minimum of 1 lakh paid-up capital. Moreover, you need to submit a declaration of compliance that states that your business is not engaged in any illegal activity or is in contravention to the provisions of the Companies Act.
Another important thing to note is that OPCs must file basic annual returns with the ROC office. However, they can skip the requirement to hold Annual General Meetings (AGM).
Unlike a sole proprietorship, OPC offers protection against debts up to the initial investment of the owner. Moreover, it is easier to raise funds for OPCs. This is because it is considered as a separate legal entity and can attract venture capital, financial institutions, angel investors, etc. Furthermore, if the OPC raises enough money it can graduate to private limited company status.
The process of registering an OPC is quite simple and involves the following steps: -Obtain DSC and DIN for the proposed Directors. This will take 1-2 days. -Apply for Name Approval with Ministry of Corporate Affairs (MCA) with up to 2 names. The approval will be given in 2 to 3 working days. -File SPICE (INC-32) form with ROC electronically. -Obtain PAN, TAN and open Bank Account for the Company.
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