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An OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understands 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. The OPC is fit for small businesses where the turnover is not likely to cross Rs. 2 Crore. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.
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. The OPC is fit for small businesses where the turnover is not likely to cross Rs. 2 Crore. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.
The OPC registration can be made online and registered under the Company Act, 2013 with MCA & ROC . OPC company registration rules are discussed below, kindly go over the rules for simple registration.
- One person company in India is separate from the others. That is it requires only ‘One person’.
- Citizens and Residents of India are suitable to incorporate a OPC company in India.
- One nominee person is also required in OPC company in India
- Nominees shall not participate in shareholding of OPC registration.
Requirements for One Man Company- Requirements of OPC
Register one person company you have to fulfill the following requirements. So, have a look at the following requirements
- At least 1 Shareholder
- Minimum 1 Nominee
- Minimum capital as you think fit
- At least 1 Director
- Only Indian residents can be Shareholder & Nominee
- DIN (Director Identification Number) for all Directors
- The directors and shareholders can be the same individual
- Director must be an Indian resident
- DSC for 1 Promoters & 1 witness
Document Required
MCA Registration of One Person Company does require some major documents and forms. So, before enlisting the documents required let’s have look over the necessary forms for one person company registration:
- Copy of PAN Card of owner
- Passport size photograph of the owner
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
- Passport (Foreign Nationals & NRIs) or PAN Card
- Scan copy of Current Bank Account Statement, Phone or Mobile Invoice, Electricity or Gas Invoice
One person company registration process
Apply DSC for OPC Company Director:-
These are important for filling forms in OPC registration. Digital Signature Certificate (DSC). Do mention the address & Director name in the SPICe Form. Form DIR-3 is the choice only open for existing companies.
Apply DSC for OPC Company Director:-
The next step while joining an OPC registration is to choose the name of the Company. The name of the Company must add the suffix “(OPC) Private Limited”. There are 2 choices available for getting the name approved. By making an application in SPICe + Form or by using the RUN Web service of MCA. By giving only 1 selected name along with the importance of keeping that name for OPC Registration. However, the Ministry has chosen to allow 2 proposed Names. Also, one re-submission (RSUB) while holding Unique Names (RUN Service) for the Companies. MCA approves the name and goes to the next level.
MOA/AOA and other documents submission:-
You have to develop the following documents which are submitted to the ROC for one person company registration:
- The MOA is stating the purposes of business for which the company is going to form.
- AoA sets down the by-laws on which the company will work.
- Other attachments such as DIR-2, INC-9, Declaration, Interest in other entities, DIR-8 etc.
Issuance of certificate of Incorporation of one person company in India
On verification, the Registrar of Companies (ROC) will assign a Certificate of Incorporation and you can commence your business/company.
PAN, TAN & Bank A/c opening
So, after getting the certificate of incorporation, NSDL will issue a soft copy of the PAN and TAN of the company. According to the new process, the government is also providing PF Registration, ESI Registration, Professional Tax Registration, GST Registration in single application. Government is also providing bank account opening options to companies.
What we provide inside the package?
We are offering the most attractive package of OPC Company registration in which you will get all requisite approvals and certificates by MCA which is mandatory as per new provisions of Companies Act, 2013. Our deliverables as-
- Certificate of Incorporation
- E-MOA and AOA
- Name Approval
- MCA Registration
- DIN of one director
- DSC of one director
- PAN and Tan Registration of Company
- PF Registration
- ESI Registration
- Professional Tax Registration, if applicable
- Bank Account opening Support
- Dedicated support of CA/CS
