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What is One Person Company (OPC) Registration? Know OPC Benefits.

The thought of One Person Company in India it introduced over the Act, 2013 of companies to help organisers who on their own are capable of beginning a venture by permitting them to create a single person economic existence. One of the biggest benefits of a One Person Company (OPC) is that there can be solely one member in an OPC, while at least of two members is required for organising and maintaining a Limited Liability Partnership (LLP) or a Private Limited Company. Related to a Company, a One Person Company is a separate legal reality from its promoter, offering limited liability protection to its sole shareholder, while possessing continuity of business and happening easily to incorporate.

By the One Person Company provides a lone Businessperson to operate a corporate entity including (LLP) limited liability protection, an OPC does have a few conditions. For example, each (OPC) One Person Company must specify a nominee Director in the AOA and MOA of the company – who will become the owner of the OPC in case the sole Director is disabled. Also, a One Person Company must be changed within a Private Limited Company if it crosses the yearly turnover of Rs.2 crores and must file examined financial statements with the Ministry of Corporate Affairs at the end of every Financial Year like all kind of Companies. Therefore, it is important for the Entrepreneur to carefully recognise the features of a One Person Company prior to incorporation.

Finacbooks is the Leader of the market in company registration services across the India, giving a variety of company registration like one person company registration, private limited company registration, Producer Company Registration, Section 8 Company Registration and Indian Subsidiary registration. The ordinary time taken to complete a one person company registration is regarding 10 – 15 working days, subject to government processing time and document submission of client. Get a free consultation for (OPC) one person company registration and setup of the business in India by listing an appointment by Advisor of a Finacbooks team.

What is a One Person Business Called?

A sole proprietorship, otherwise called the sole trader, singular business or proprietorship is a kind of big business that is claimed and run by one individual and in which there is no legitimate qualification between the proprietor and the business element.

The Incorporating Process of OPC is as Follows:

Paid up capital shall be Minimum Rs. 1, 00,000. It will have only OPC as member.
Memorandum of Association of such an organization will imperatively appoint the name of the person, who in the event of death or disability of the subscriber shall assume his position.
The member of the (OPC) one person company will have the right to change the nominee at any time with due intimation to the Registrar.
(OPC) one Person Company can be formed as company limited by share capital or limited by unlimited company or guarantee.
The words ‘One Person Company’ will be mentioned in brackets under the name of such company, wherever its name is printed.
Company – One person can form only up to one (1) OPC.
A One Person Company can be formed only by an Indian Resident and citizen.
DIN (Director Identification Number) for all the Directors are required.
DSC (Digital Signature Certificate) for all over the Directors is required.

What Are the Benefits of One Person Company?

Existence of Independent Person
Limited Liability
Separate Property
Shares Transferability:
Savings and Tax Flexibility:
Complete Control of the Company with the Single Owner:
Legal Status and Social Recognition for Your Business:

Who Can Be Nominee in OPC?

Nominee one is an individual selected by the individual from the one person company (OPC) who will, in case of supporter’s demise or his in ability to contract becomes part/investor of the OPC. To get selected, the person must be Indian resident and occupant in India however ought not to be a minor.

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4 Different Types of Tea You Didn’t Know About

We’ve all had (or at least heard of) a nice iced tea, green tea, English breakfast, and spicy chai. But these are some of the more popular types of tea out there.

Did you know that there are hundreds of different types of tea? You’re not limited to the chamomile you buy at the store — tea can be made of almost anything and provide a myriad of health benefits to those who drink it!

In this post, we’re going to be looking at 4 different types of tea that you probably didn’t know about. Who knows — maybe you’ll discover your new favorite drink! Maybe because of the taste, maybe because of the ways they will help your body, mind and overall wellness! Let’s dive in.

Mushroom Tea
Did you know that mushroom tea has been around for thousands of years? It was often used by monks in order to calm the mind, focus, and stay grounded to the Earth.

Many cultures around the world depend on mushrooms for health and medicinal treatment methods. However, mushroom tea is now also becoming more mainstream with people all over the world finding the many benefits of these teas, including:

Anxiety reduction
Improved focus
Natural energy (without the crash caffeine brings!)
Relaxation and serenity
Balance
Connection with the Earth
Some studies have even linked the adaptogens in mushrooms to helping patients during cancer treatments and improving the immune system.

If the taste of mushrooms doesn’t excite you, no worries. Mushroom tea can be delicious and paired with a variety of familiar flavors and spices like chai, cinnamon, turmeric, and more.

Yerba Mate
You might’ve seen “yerba mate” making the rounds on some energy drinks, and that’s because it’s packed full of energy in the form of caffeine. The caffeine in yerba mate is completely natural, making it one of the few plants to naturally produce the energy-boosting chemical.

Yerba mate is a tea made from an herb native to South America. Traditionally, it was used to help increase the stamina of the local people while they worked. It was relied upon so heavily that it was dubbed “an herb of the gods.”

With a slightly bitter taste, this interesting type of tea can keep you going all day long.

Maple Tea
Not much to explain with this one. Maple tea originated from, you guessed it, Canada!

Using twigs, leaves, and other parts of the maple tree can provide you with a sweet and earthy tea that tastes like a dessert! Be warned though: it has a very strong maple taste. So if you don’t have a sweet tooth or maple isn’t your favorite, this won’t be the type of tea for you.

Panda Dung Tea
Let’s keep things interesting, shall we? We’re going from the delicious and sweet maple tea to something with “dung” in the title.

Panda dung tea is considered a delicacy in many parts of the world, and it’s one of the most expensive teas you can buy. 50 grams of this stuff will cost you a whopping $3,500… and that only makes about 16 cups of tea! That’s over 200 dollars per cup!

Why are people drinking panda dung tea? Well, the panda’s digestive system is pretty poor — they only digest about 30 percent of what they eat.

That means that their dung is loaded with vitamins and nutrients that can provide a ton of health benefits… if you want to drink their dung, that is.

The teas don’t stop here. We encourage you to explore what flavors you like and try something new or out of the box!

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How to Use QuickBooks Connection Diagnostic Tool?

QuickBooks Connection Diagnostic Tool is a great tool to solve network issues, data file damages and several other problems that commonly occur in QuickBooks. QB Diagnostic Tool works amazingly in a multi-user environment. You can easily detect the errors that will happen in the company files shared across the server. It is important to upgrade the tool to the latest version to avoid any security issues. The tool is available only for the QuickBooks versions for the ‘Windows’ and is not available for the MAC Versions.

What issues can QuickBooks Connection Diagnostic Tool resolve?
You can use QuickBooks Diagnostic Tool to rectify the below errors.

Access Denial to QuickBooks Database.
Poorly configured Windows firewall.
Various unexpected QuickBooks Errors:
Errors: ‘ -6150’, ‘ -6000, -82’, ‘-6000, -301’, ‘-6147’ and ‘-6103’.
The vendor list turned blank in your software.
All customer lists are empty.
Several entries in the ‘Employees lists’ are missing.
Multi-user errors such as Error code ‘H101, H303, H202, H505.
Damaged or corrupted files present in the system
QuickBooks files afflicted by a virus or are missing.
How to Download QuickBooks Connection Diagnostic Tool?
First of all, the first step you have to perform is click on the official link of the QuickBooks Connection Diagnostic Tool Download.
Secondly, you have to save the aforementioned file in your system.
Thirdly, you have to open the installer that has a name as “QBInstall_tool_vs.exe”
To proceed further, you have to shut down all the running programs which are running in your background.
Make a click on “QBInstall_tool_vs.exe” to begin the installation.
After installing it, you have to restart the program.
There is a proper recommendation for this software that you must have good internet in your system.
Now, clear all the applications running in the background.
Lastly, the software will eradicate all the errors which are generating in your system. Like this, you are able to alleviate all the errors which are related to QuickBooks.

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