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ONE PERSON COMPANY (OPC) Registration
Start-Up
Rs 15,000
- Name Reservation
- Company Registration
- Stamp Duty
- 1 Digital Signatures
- 1 Director Identification Numbers
- MOA and AOA
- PAN and TAN
- GST Registration
- PF and ESI Registrations
- Bank Account Opening Support
- Certificate of Commencement of Business
Start-Up plus
Rs 17,000
- Name Reservation
- Company Registration
- Stamp Duty
- 1 Digital Signatures
- 1 Director Identification Numbers
- MOA and AOA
- PAN and TAN
- GST Registration
- PF and ESI Registrations
- Bank Account Opening Support
- Certificate of Commencement of Business
One Person Company
When our idea is unique and we have enough resources to start a company, and we do not want to share the profits, then One Person Company (OPC) Registration is the better option. The law makers in India had introduction the new Concept, One Person Company (OPC) under the new Companies Act 2013. This move inspired the corporatization of micro and small businesses, with a simpler legal formalities so that the small entrepreneur is not compelled to devote more time, energy and resources on complicated legal formalities. This helped our economic development as well as it created new employment opportunities. One Person Company (OPC) Registration can do by any Indian Resident, who is an Indian National. One Person Company (OPC) Registration can also done by converting his sole proprietorship business. The One Person Company is one of the most convenient form of business entity, if the business man is unable to find a partner or he/she don’t wants to share his/her business ideas and profits. Even if the new concept of OPC is in the nascent stages in India, it is recognized by all.
The One Person Company concept holds a positive future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers. The One Person Company (OPC) would act as a launch pad for such entrepreneurs to showcase their capabilities in the global arena. After One Person Company (OPC) Registration, it will get a legal personality unlike a Proprietorship and is registered under the Companies Act and is governed by the Company Law/Corporate Law. It has a separate identity but different from the owner of the One Person Company (OPC). Since a One Person Company (OPC) assumes its own personality, the rights and duties of a One Person Company (OPC) are different from those enjoyed by the Owners of the One Person Company (OPC). The shareholder of a One Person Company (OPC) is not its proprietors, but mere suppliers of capital. One Person Company (OPC) can sue and be sued on its own name.
Benefits of One Person Company (OPC) Registration
After One Person Company (OPC) Registration, there is provision for conversion to other types of legal entities by induction of more members and amendment in the Memorandum of Association. So in future if the One Person Company needs more support, it will be eassier. There is no need to chasnge the name at that time, because the name is already registered with Registrar of Companies.
Freedom in Decision Making
The One Person Company has only one Share Holder. Hence owner’s word will be the final decison. No other person can interfere in the Management of an OPC
Perpetual Succession
An incorporated One Person Company (OPC) is an entity with perpetual succession. The death of a proprietor does not affect the existence of the One Person Company (OPC).
All Benefits of a Private Limited Company
One Person Company is basically a Private Limited Company. It gives the individual entrepreneurs all the benefits of a company, which means they will get credit, bank loans, access to market, limited liability, and legal protection available to companies by virtue of acquiring the legal status and perpetuity.
Less Legal Compliance
The volume of compliance by a one person company is much lesser in terms of filing returns, balance sheets, audit etc. Compare to Private Limited Companies, One Person Company has relaxation on compulsory holding of meetings.
main principles
FAQ
What are the steps to register a Company in India?
- Obtain DSC (Digital Signature Certificate)
- Apply for DIN (Director Identification Number)
- Reserve your unique Name
- Form SPICe (INC-32)
- e-MoA (INC-33) and e-AoA (INC-34)
- PAN and TAN Application
How much time will take to register a Company. ?
We Biswas Filing Service, will register a Company and Complete all procedures within 10 Working days after receipt of all documents
What are the documents required for company registration?
- PAN of all
- Passport / VotersID/ Driving License of all
- Latest Bank Statement of All
- Building Tax Receipt
- Latest KSEB Bill of Registered Office
What is MOA.?
MOA stands for Memorandum of Association whereas AOA means Articles of Association. Both these documents act as an important source of information for various shareholders and other stakeholders associated with a Company.
MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share Capital of the Company. In short, it explains the relationship of a Company with the Outside world.
What is AOA. ?
<p><strong>AOA stands for Articles of Association</strong> are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC). When AOAs are in conjunction with the MOA, they are called the Constitution of the Company.</p>
What is DSC ?
DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required.
What is the Validity of Company Registration Certificate. ?
The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world
How do I check whether my company is registered or not ?
- Go to the MCA website.
- Go to ‘MCA Services’ tab.
- In the drop-down click on ‘View Company/LLP Master Data’.
- Enter the companies CIN.
- Enter the captcha code. Click on ‘Submit’.
- Now you will be able to view the exact status of your registration process.
What are the benefits of company formation in India. ?
- It protects you from personal liability for business risks and losses.
- Makes you look serious and attracts more customers.
- Creates better image and credibility in the market.
- Easier to get bank credit and investment from investors.
- Creates faith in employees and easy to attract talented manpower.
- It is very convenient to exit or sell the business, due to less documentation and cost.
Whether we receive any documents physically from Government after Registration.?
No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance
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