Benefits of One Person Company Registration Online in India
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OPC Company Registration in India provides you more opportunities to take risks, research and explore better business opportunities without any pressure of shedding on any personal property. Therefore, one man company is a recommended option for the new, young and innovative entrepreneurs.
01
Existence Continues
Single person company will come to an end with the death of the owner or proprietor whereas in the case of an OPC company, it has a separate legal identity and it would go on to the nominee director and, hence, the company continues to exist.
02
Greater Credibility
A business that is owned by one person needs to have its accounts audited annually, which in turn has greater credibility and believability among traffickers and lending institutions.
03
Ease In Funding
Like a private limited company, One Person Company can also bring up its fund through angel investors, financial institutions, venture capitals, and so on. A One Person Company can also upgrade itself into a Private Limited Company to bring up its funds from outside.
04
Registration With Least Requirements
Not any type of company can beat OPC when it comes to the registration process as it can be done with the least requirements.
05
Benefits Of Small Scale Industries
An OPC registration online in India can use all the benefits offered to small scale industries like easy investment without depositing security to certain levels, financial help or loans at lower interest rates, advantages under foreign trade policy, and many more on the list. These are some of the important advantages which play a vital role in the development of the company in its starting days.
06
Documents required for OPC registration in India
Identity proof of the director and nominee, it can be their aadhar card, voter card, PAN card, driving license, etc.
Consent of the designated nominee is required and it is filed through form INC-3. The nominee of the OPC has to submit their PAN card and Aadhar card for registration proceedings.
Identity proof of the director and nominee, it can be their aadhar card, voter card, PAN card, driving license, etc.
Drafting the Memorandum of Association (MOA) And Article Of Association (AOA) of the company. Both of these are very important and should be submitted during the registration procedure. Don't forget to highlight all the aims and objectives of your company.
The designated director and nominee of the One Person Company have to submit the affidavit in form INC-9 and DIR-2
Rent agreement, PAN, Passport size photographs, DSC and DIN of the director
Checklist to Start a One Person Company
Single Shareholder
Register your One-Person Company with just a single individual to act as the initial director/shareholders. However, another individual to be nominated as the nominee of a single shareholder of the company.
Resident Director
Registered Address
For registration of the company, you need to submit the proof of Registered Office & NOC from the owner. You may register a company on a communication address in case of difficulty; however, within 60 days, the company must have its registered address.
Capital Requirement
Invest as per the business’s requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty is calculated on the authorised capital and the location of the registered office of the company.
New & Unique Name
The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding the name of your startup.
Process of One Person Company Registration
Documentation for One Person Company Registration
Documentation plays a significant role in the Registration of an OPC in India. The primary documents of all shareholders and directors such as PAN, ID Proof, and address proof are submitted along with evidence of the Company's registered address. For the registered address, utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises are filed.
Select Name of the One Person Company
The name of every Company should be unique and must not violate the name of any other company or someone else trademark. We assist you by conducting a detailed search in the MCA and Trademark database for a possible match of the name.
DSC for Promoter of One Person Company
DSC (Digital Signature Certificate) is equivalent to the physical or paper signature under the information technology act. For Registration of an OPC, all the applications to ROC are filed in digital format signed by its proposed director. The Incorporation Process for OPC Registration starts with the digital signature issuance for the shareholder and director of the OPC.
Name Approval for the One Person Company.
The name of the company should be eligible as per the law. To seek the name approval of your company from the ROC, we file an online run application; this is also known as company name registration. The application for name availability is generally disposed of by the ROC within 1 to 2 days.
Filing of Spice Plus Form to ROC for Company Incorporation
After the name's approval, the spice plus form is submitted to the ROC for the issue of the certificate of incorporation of the Company. The promoters documents, proof of registered address, MOA & AOA are the mandatory attachments of the Spice Plus Form. The entire company registration process is online, and the application is filed with the digital signature
Certificate of OPC Incorporation
The final stage for the OPC Registration is the Issue of the Certificate of Incorporation of the Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate of the company is conclusive proof of the Registration of One Person Company
PAN & TAN Number for the OPC
Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the OPC. There is no need to make any separate application. The PAN Number and TAN come printed on the certificate of incorporation itself, and after the Registration of the One Person Company, E-Pan and Tan letter is sent via email.
Frequently Asked Questions
What is DSC?
How to choose the unique name for the company?
The first and the foremost step in obtaining One Person Company Registration is to reserve and get approved the name of the company. The proposed or reserved name should not hold any word which is prohibited as per Companies Act, 2013.
panel.What is DIN?
DIN is a short form of Director Identification Number and it is issued by Registration of the Companies ROC which permits the director to work in the company.
Can I change the registered address of the company after I shift a commercial space ?
Yes, You can. It is a very easy process, that too if the new address is inside the same city the process of changing the address can be made within hours.
What Is CIN Number of a One Person Company?
What is a One Person Company (OPC)?
Could One Person Company be incorporated in the regime of the Companies Act, 1956?
What type of OPC can be incorporated?
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