One Person Company Registration
One Person Company (OPC) came into existence as a refinement of the structure of Sole Proprietorship firm. In an OPC, a single director acquires full authority over the organization accordingly, limiting his/her risk towards his commitments to the entity.
Benefits of Person Company Registration (OPC)
- Limited Liability
- Greater Credibility
- Continuous Existence
Detailed Overview of Private Limited Company Registration
In recent times the structure of One Person Company (OPC) came into existence as a refinement of the structure of Sole Proprietorship firm. In an OPC, a single director acquires full authority over the organization accordingly, limiting his/her risk towards his commitments to the entity. Accordingly, the said individual will be the director as well as Sole Shareholder as well (A nominee is available but has no authority over director). Likewise, there will be ESOP’s available for employees to contibute into equity funding as well. Moreover, on the off chance that an OPC has a turnover of ₹2 crores threefold years continuously in succession and over or gets a settled up asset of ₹50 lakh and over, it must be changed over to a Public Limited Company or Private Limited Company in six months or less.
Deliverables
- Directors identification number (DIN) for director
- DSC for Director
- PAN and TAN of company
- Drafting the memorandum & articles of association 9MOA) (AOA), RoC filing fees for an authorized capital, government stamp duty, and
- Certificate of incorporation (COI)
- Name approval certificate
- GST registration
- PF registration
- ESI registration
Who Should Buy
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We helps you register your one person company (OPC) in just 3 simple steps.
Our professionals will help you with every step of the One Person company registration process.
Documents Required for Online Company Registration
Documents to be Submitted for Directors
Process for Incorporation of (OPC) One Person Company
- Stage 1.
Search Name and eligibility
- Stage 2.
Apply for DIN as well as DSC
- Stage 3.
Reserve unique business name
- Stage 4.
File Spice+ structure of entity
- Stage 5.
Apply PAN and TAN for proposed entity
- Stage 6.
ROC issues a Certificate of Incorporation (COI) as well as PAN and TAN
- Stage 7.
Start operations by opening an current bank account
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Frequently Asked Question
Only Indians residents can register for an One person company , and that too only one at a time
All the businesses should have to maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC
An authorized capital of ₹1 lakh is needed to begin with, but none of this actually needs to be paid up
No you can form only one OPC at a time
PAN card or passport for NRIs ,Specimen signature or impression are few of the most important documents required for the registration process
Limited liability, continuous existence , greater credibility
There is No such general advantages but some industry-specific advantages are available. Tax is to be paid at a flat rate of 30% on profits, Dividend distribution tax applies, as does minimum alternate tax