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All companies registered in India like a private limited company, one person company, limited company, LLP, and section 8 company must file MCA annual return and income tax return each year.
An OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understand for a-One Person Company.
A forward-thinking idea was launched which promotes the incorporation of micro-businesses and persons with entrepreneurial ideas and to give a boost to entrepreneurs who have high potential to begin their venture by permitting them to build a single person company.
You can easily register one person company under the outlines of the companies Act 2013 and the laws thereto, where it was made viable for a single person company to work as a company without the complexity of having partners. This encourages more people to come forward to commence a business. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.
A Private Limited (Pvt. Ltd.) company is a company formed with 2 or more members. The maximum members prescribed is 200. Pvt. Ltd. companies are not listed on the stock exchanges, i.e. their shares cannot be freely traded. Since, it is relatively easier to register a Pvt. Ltd. company it is the preferable form of company for most businesses. The scope of a Private Ltd. company is limited, due to the restricted number of shareholders, but it enjoys less legal restrictions. Before getting your private limited company registration ,the following key points must be kept in mind :
*There should be a minimum of 2 directors and the maximum can be 15.
*The word “Pvt. Ltd.” must be suffixed in its name.
*There is no capital requirement, a pvt. company can be registered with any amount of capital
Public Limited Companies are companies whose shares are traded in the stock market or issues fixed deposits. For Public Limited Company Registration, the company must have a minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Public Limited Registration is done through Agarwal & Associates.