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(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.
(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.
(Govt fees and all expenses included-No Extra Charges), Payment Terms: Pay 50% Advance & 50% at the time of final form submission to Registrar.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
For the above purpose, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one financial year.
A person can be a member of only one OPC.
There is no specific tax advantage to an OPC over any other form. The tax rate is flat 30%, other tax provisions like MAT & Dividend Distribution Tax applies as they apply to any other form of company.
In case the paid-up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public company.
The basic mandatory compliance are:-
A minor shall not eligible becoming a member