Now Register Your One Person Company with India’s fastest growing consultancy in few steps. Lowest Fees and reliable services in PAN India.
OPC or One Person Company can be formed with a single person who is the owner and director of the company. It was introduced under the new Company’s Act, 2013. One Person Company Registration is a type of sole proprietorship business in the form of a company that gives complete authority to the single person to run the business while limiting his liabilities and duties for the business. One Person Company Registration can easily be obtained under the provisions of the Companies Act, 2013. One Person Company comes with various benefits like limited liability, easy to form, continuous existence, greater credibility. Obtaining OPC registration is any process as it only requires the abidance of few requirements. Companies Act 2013 gave birth to the concept of One Person Company. Section 2(62) of Companies Act defines ‘One Person Company’ as "a company run by a single person who is acting as a shareholder and director at the same time". One Person Company Registration has lower compliance as compared to a Private Limited Company.Entrepreneurs in the initial stage of their business prefer to create OPCs instead of sole proprietorship business because the advantages that OPCs offer. Companies Act 2013 gave birth to the concept of One Person Company. Section 2(62) of Companies Act defines ‘One Person Company’ as "a company run by a single person who is acting as a shareholder and director at the same time". One Person Company Registration has lower compliance as compared to a Private Limited Company.Entrepreneurs in the initial stage of their business prefer to create OPCs instead of sole proprietorship business because the advantages that OPCs offer.
No Minimum capital is required to register a OPC. It can be register without any funds.
There shall be present One Directors and a Shareholders for the registration of an OPC.
Compliances of an OPC are less than from Private Limited Company and easy to done with minimum process.
In an OPC the liability of the concerned director is limited to it’s share capital.
An OPC have separate legal entity from its director and share holders.
As an OPC required to have its books audited annually, An OPC have great credibility with its customer and vendor.
An OPC can also raise its fund through financial institutions, angel investors, venture capitals, etc. An OPC can also graduate itself into a Private Limited Company to raise its funds.
An OPC can be register with a single person who can be a director and share holder of OPC.
An OPC is great option for small entrepreneur to start their business by registering an OPC . An OPC can avail all the benefits provided to small scale industries such as easy funding without depositing security to certain limits, loans at lower interest rates, benefits under foreign trade policy, etc. These benefits play a crucial role in the progress of the company in its initial days.
The name should not resemble to any of the existing entities and shall not contain any offensive words detrimental to the interest of the society at large. Also, the name should necessary align with the objects of the company and must contain the word “OPC”.
A minimum number of 7 members are needed to run a Public Company, out of which 3 members should be the company’s directors. Relatives and Spouse can be directors or members. Maximum numbers of member can be unlimited and maximum director can be limited in Public Company.
To start a OPC, a minimum of Rs. 1 lacs is required as equity share capital.
The object of the Public Company shall be accordingly to business nature and as per the rule and act governed by Law. Any other object in its MOA shall be void.
Since the registration process is online, hence there is the requirement for Digital signatures of all the Directors and Shareholders.We provide seven DSCs in our package of Public Company Registration.
Once the name is finalized, the application shall be made in Form SPICE-Part A. The form is a replacement of earlier Form RUN and provides the option to apply for two names Prepare all requisite documents MOA, AOA, INC 9, INC 10, DIR 2 to be filed with the ROC. These must mention the main objective of incorporating a company.
Obtain an incorporation certificate with the corporate identification number (CIN). It usually takes 7-10 days to form a company..
The MOA is the constitution of the Company and defines various clauses mandatory to bring the company into existence such as Name clause, object clause, registered office clause, liability clause, subscription clause and capital clause.
The Ministry, after being satisfied, that the documents and details submitted in the application are correct and gives a true and fair view of the intentions of the applicant, shall grant the Certificate of Incorporation (COI) along with PAN and TAN.
Within 180 days of incorporation of the Company, a declaration, attested by the Director of the Company, shall be filed with ROC that each subscriber to the memorandum has consented to the share value taken by them.
Soon after the Public Limited comes to the existence, there shall be appointed before the first Annual General meeting of the Company, the statutory auditor who shall hold office till sixth AGM until and unless ratified or a resignation is served.
Like change in directors, change in address, increase in capital, etc. shall be done as on date basis.
