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One Person Company (OPC) Registration

What is One Person Company (OPC) Registration?

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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. 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 Crores. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.

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Step by Step Process and Requirement of Documents

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Step 01 - Documentation

The primary documents of promoters like PAN, ID, and address proof are to submitted along with utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises as proof of the registered address of the Company.

Step 02 - Selection of Name for OPC Registration

The name of every Company should be unique and must not violate the name of any other company or someone else trademark. For this purpose, we conduct a thorough search of the name as per section 4 of the companies act and read with rule 8. Please refer to our detailed discussion on name approval guidelines for company registration.

Step 03 - Digital Signature Certificate of Directors

DSC is equivalent to the physical or paper signature under the information technology act. For registration of One Person Company, all the applications to ROC are filed in digital format signed by its proposed director. The filing process for OPC Registration starts with the issue of a digital signature for the shareholder and director of the Company..

Step 04 - Name Approval for OPC Registration

RUN is the name of an online application, which is to be used for making an application for seeking approval of the ROC for the proposed Name of the Company. It is a web-based application, where two names in order of preference can be filed with a note on the significance of the name and the business activities.

Step 05 - Spice Form Filing to ROC for OPC Incorporation
After name approval of the OPC, we need to file the formal application for incorporation of the Company in form SPICE to the ROC with appropriate documents as attachments. The documents to be attached with Spice Form are MOA, AOA of the Company, KYC documents of promoters, and proof of the registered address with NOC from the landlord.
Step 06 - Registration of The OPC Company with ROC
The final stage for the OPC registration is the Issue of Certificate of Incorporation for the One Person Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate for OPC is the conclusive proof of the registration of the Company by ROC.
Step 07 - PAN & TAN Number for the OPC
the issue of Pan Number and TAN is done automatically at the time of incorporation of the Company. There is no need to make any separate application. The PAN Number and TAN comes printed on the certificate of incorporation itself, and after the registration of the Company, E-Pan and Tan letter is sent via email.

Advantages on Choosing OPC Registration

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01

Easy to raise funds and loans

OPC is 1 of the easiest forms of corporate entities to operate. Very few ROC filing is to be registered with the Registrar of Companies. No need to handle Annual General Meeting and other regular compliances.
02

Full Control over the Company with a Single Owner

This fact helps in fast decision making and execution. Yet OPC can select as many as 15 directors for official functions, without providing any share to them.
03

Easy to Sell OPC

OPC Company is simple to sell because of limited documentation work.
04

Greater Credibility

An OPC requires to have its books audited yearly, it has higher credibility between vendors and lending institutions.
05

Continuous Existence

An OPC has a separate legal identity, it would pass on to the nominee director, therefore, it has continued existence.
06

Limited Liability

The directors’ personal property is forever safe in no matter the debts of the business. In OPC only investment in the company is lost, personal assets of the directors are saved.

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Why OPC Registration?

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Limited Liability
Separate Legal Entity
Uninterrupted Existence
Borrowing capacity

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How Much i Need to Pay for Registering A OPC ?

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The Cost of OPC Registration / Incorporation a would vary from INR 6899/- to INR 19799/- (GST Excluded) depending upon the plan you choose.

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Accounts

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Projects

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Storage

Domains

Sub-domains

BASIC

Rs 6899/-

* Inclusive all govt fee

1Digital Signature Certificate

1 Director Identification Number

MOA & AOA

Incorporation Certificate

PAN & TAN

ESI & PF Registration

Bank Account Opening Documents

STANDARD

Rs 13749/-

* Inclusive all govt fee

1Digital Signature Certificate

1 Director Identification Number

MOA & AOA

Incorporation Certificate

PAN & TAN

ESI & PF Registration

Bank Account Opening Documents

GST Registration

Accounting Software

1 Year Book Keeping Services

PREMIUM

Rs 19799/-

* Inlcusive all govt fee

1Digital Signature Certificate

1 Director Identification Number

MOA & AOA

Incorporation Certificate

PAN & TAN

ESI & PF Registration

Bank Account Opening Documents

GST Registration

Accounting Software

1 Year Book Keeping Services

1 Year GST Return Filling

1st Year ITR Filling

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