How and why you should register a One Person Company (OPC) in India – Complete registration procedure for OPC

How and why you should register a One Person Company (OPC) in India – Complete registration procedure for OPC

1.0 Introduction 

The idea of OPC is in creeping stage in India and would require some more opportunity to set and reach in its development position to be completely acknowledged by the business association. However, it is turning into the most favored type of business association particularly for little business people which are an admirer of individual opportunity and who have Professional abilities and greatness can embrace his preferred matter. 

2.0 What is One Person Company? 

One Person Company is new idea presented under new Companies Act 2013, which has just a single individual as a part who is likewise a chief. The idea of OPC was acquainted with give the corporate adaptation of proprietorship. 

As such, since proprietorship has no legitimate presence according to law, the legislature has acquainted this idea with give a lawful structure to a sole proprietorship, so they can enlist and begin their business in India. 

3.0 How to enlist One Person Company (OPC) in India – A Complete GST enrollment method 

Presently, since we have clarified you the essentials about the OPC, let us now examine the enlistment method for One Person Company (OPC) in India. 

Give us a chance to examine the OPC enrollment well ordered: 

#Step No. 1 – Documents Required for OPC enlistment in India 

The initial step for OPC enlistment is to complete the documentation part. This is a standout amongst the most vital undertakings for OPC organization enrollment, in light of the fact that on the off chance that it isn't done legitimately, at that point you may confront dismissal in future. Thus, require some serious energy and assemble every one of the reports legitimately. 

Following is the rundown of records required organization enrollment to maintain a strategic distance from the bother and other many-sided quality. 

For chiefs and investors: 

Duplicate of PAN card. 

ID Proof – Aadhar Card/Voter ID card/Driving License – Any One. 

Address evidence – Bank Statement/Telephone charge/Mobile Bill/Electricity charge – Anyone. 

Late Passport Size Photo. 

For Registered address evidence 

Duplicate of Electricity charge. 

Duplicate of NOC (No Objection Certificate). 

Lease understanding or proprietorship confirmation of the premises. 

#Step No.2 – Obtain Digital Signature Certificate (DSC) 

After the records are appropriately masterminded, the subsequent stage is to get the computerized marks, with the goal that all the authoritative reports can be marked on the web. Advanced Signatures are set up in a pen drive frame which is then connected to the PC to sign the individual archives. 

#Step No.3 – Obtain Director Identification Number (DIN) for OPC 

Chief Identification Number (DIN) is allocated to each person who needs to end up noticeably the executive in any organization in India. As it were, similar to PAN is required for each individual to document the pay expense form, also DIN is required by each individual to wind up noticeably the executive of the Company. Further, DIN once distributed is substantial for lifetime. 

In the event that any individual expected to be designated as chief of an organization can make an application to ROC in the accompanying way: 

Sign in into site i.e. 

Download Form - DIR-3 and documented the required subtle elements and append DSC 

Get it Certified by Professional like CA/CS 

When frame get finish it ought to be Pre investigation for transferring on site 

For transferring and preparing, the frame expense of entirety Rs.500 ought to be paid. When installment made challan would get and DIN would be distributed instantly. 

#Step No.4 – Application for Reservation of name for OPC enrollment 

Once the renowned essayist Shakespeare said that what is there in the name? In any case, this may not be genuine with regards to enlisting an organization in India. Name of the organization mirrors its personality and in this manner, it is essential that you ought to pick the name appropriately. 

For reservation of name, you have to pick attractive names for proposed OPC. The name ought to mirror your image name and the proposed business which you wish to begin. 

Further, the proposed name ought not be hostile, look like or infringement of any arrangement of the demonstration. When name endorsed by the ROC it is substantial for 60 days as it were. Following advances would be taken after for checking the name accessibility. 

Sign in into site i.e. 

Download Form – INC-1 and documented the required subtle elements and fasten DSC 

Get it Certified by Professional like CA/CS 

When shape get finish it ought to be Pre investigation for transferring on site 

Transfer the documented shape on alongside a charge of Rs.1000. 

One needs to keep consistent verify the status of frame documented and sit tight for the name 

When name is affirmed by ROC it will be legitimate for the period 60 days as it were 

#Step No.5 – eMOA and eAOA and different reports 

Once the name of the organization is endorsed, now the following stage is to set up all the rest of the records like MOA and AOA and other joining related reports. Once the reports are framed, at that point you can continue to document the consolidation. 

#Step No.6 – File for consolidation of the Company 

Under this progression, the flavor joining structure is recorded alongside all the fundamental reports. This progression is a standout amongst the most tedious assignment and ought to be done legitimately to keep away from the dismissal from the legislature. 

4.0 Important focuses to be taken care off while joining OPC in India 

Here are sure directs which are toward be taken care off while joining One Person Company in India: 

Arrangement of Nominee: To enlist a One Person Company (OPC) in India, a chosen one might likewise be required who should assume control over the organization if there should be an occurrence of death of the sole part. 

Passing of Sole part: on the off chance that if there is any adjustment in proprietorship, Cessation of an individual from OPC because of death and inadequacy to get the Company should document Form – INC-4 with ROC. Points of interest of the recently selected part may likewise be given in the same above Form. 

Can Add more executives: An OPC can be joined with one chief in any case, advance executives can likewise be included. An organization can have most extreme 15 executives on the board.

Visit Now