One Person Company Registration - Overview
The Concept of OPC came into existence with the introduction of companies’ act 2013. One of the Easiest Business type in India is sole Proprietorship. The ownership belongs to single person. He acts as the owner as well as the business. All important decisions shall be taken by the owner himself. All the Functions pertaining to the successful commencement of business has to be performed by the owner.
OPC Enjoys the benefits of both forms of a Sole Proprietorship and a Company. Thus, it eliminates the Struggles to find right kind of partners for starting a business as a registered entity.
Benefits of One Person Company. Limited liability. Easy Existence of company. Greater Credibility. Ease in Funding.
Documents Required For Registration
- Identity proof of Director & Nomineesuch as aadhar card and Voter ID/ Passport/ Driving License.
- MOA &AOA,Drafting the Memorandum of Association (MOA) And Article Of Association (AOA) of the company.
- Nominee PAN & Aadhar card,COnsnet of Nominee should be Submitted with valid documents.
- Passport size photographPassport size photographs of the director and nominee.
- Business Address Proofs such as latest Electricity Bill/ Telephone Bill of the registered office address
- NOC or No Objection Certificate to be obtained from the owner(s) of registered office
- Rent Agreement is needed if the registered office is a rented place.
Process To Register
- Applying for Digital Signature Certificate or DSC.
- Applying for the Director Identification Number or DIN
- Checking name availability and Applying for the name availability.
- Drafting of MoA, AoA& other required documents and Filing of the EMoa and EAOA to register a private limited company
- Applying for the PAN and TAN of the registering company
- Certificate of incorporation will be granted by RoC with PAN and TAN
- Opening a current account on the company name in an authorized bank
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