One Person Company Registration

Taxyoga Professional Fee Rs. 5000 Only

Package Inclusion :

  • Digital Signature for One director
  • Name approval of the company
  • Issuance of Certificate of Incorporation
  • Directors Identification Number (DIN)
  • Drafting of the MOA & AOA of the OPC company
  • PAN & TAN of Company & Bank A/c Opening

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YEARS OF EXPERIENCE

ELIGIBILITY FOR OPC REGISTRATION IN INDIA

Minimum One Person

One person is needed to become the shareholder / director of the company. However, the number of shareholders can't exceed 200.

No Minimum Capital

No minimum capital is prescribed, it must be based on the business requirements. The registration fee is based on the amount of capital.

One Resident Director

One director of the company must be resident in India. A person is said resident when he stays in India for at least 182 days in the FY.

Unique Name

Name of the company should be unique, and it must not be same or similar to the name of any existing company or a trademark.

One Person Registration Company in Bangalore

A One Person Company is the newest form of business in India introduced by the Companies Act, 2013 for the first time wherein only one person can open a company, However, a nominee needs to be nominated Company Registration in bangalore. A One Person Company can be established only for small businesses as the maximum turnover it can operate with is Rs. 2 Crores Only. An OPC can raise capital only up to Rs. 50 Lac. Only an Indian Citizen can open a One Person Company. OPC company is a creation of law and can be registered/incorporated as per the law as in the companies’ act 2013 and the rules made thereunder. This is a new concept introduced for the first time in India by The companies’ act 2013; one person can act as a shareholder as well as director of the company hence more like a one person controlled organization. The world OPC has to be written in the name of the company. OPC have a characteristic of proprietorship firm where one person owns, controls and manage the organization one person company in bangalore. An OPC has to convert into a private limited company once turnover reaches 2 crores or Capital is more than 50 Lac.

Documents Required For OPC Registration

  • Two front-facing colour photographs of directors / shareholders.
  • Pan Card of each director, The name must match with IT database.
  • Identity Proof of each director, (Aadhar Card, Passport, Driving License or Voter ID Card).
  • Address Proof (Bank Statement or Passbook, electricity bill, telephone bill, or any utility bill).
  • Proof of the registered address of Company (Sale Deed, electricity bill, tax paid receipt or any other utility bill).
  • No objection Certificate from the owner of premises where registered office of the company shall be situated.
  • Documents Must be self attested and attested by a Gazetted Officer, Post Master or a Bank Manager.

Step Wise Procedure For OPC Registration In India

Digital Signature of Director

DSC is the equivalent of physical or paper certificates in digital format. As the application For OPC Registration is filed online with Digital Signatures of the director, hence the process starts with the issuance of the digital signature for all the directors/promoters. Photo, ID and Address proof is to be submitted along with Form for issuance of DSC.

Director Identification Number

It is a permanent number issued by the register of companies, as a unique identification number to the director of a company or designated partner of the LLP. As per new companies Act, 2013 no person can hold an office of the director unless he is issued a DIN. For allotment of DIN, an application to ROC is made with Photo, Attested ID and Address proof duly attested by CA, CS or CMA.

Name Approval Of Company

Name of each company or LLP must be unique, new and should not be same or similar to an already registered company, LLP or a Trademark. After the DSC and DIN allotment, an application is made to the ROC for approval of name; the registrar is vested with discretionary powers concerning approval of name. Our advisors shall be a help to you while deciding the name of the company or LLP.

MOA & AOA of Company

The Name, object, state in which company is registered, the maximum amount of capital which it can raise (Authorised Capital), & a declaration that the company is a limited company are written as a document known as Memorandum of Association (MOA). The Internal rules are framed as articles of association. The promoters need to adopt and sign MOA & AOA, which is then filed with the ROC.

Company Incorporation

All the steps as described below finally culminates into the registration of the company with the issuance of the certificate of Incorporation. With spice e-form, DIN, name Approval and Incorporation related documents like affidavits; declarations are filed at once. However, only one name can be suggested in the spice form. The certificate of incorporation is the conclusive proof of the registration of the company.

PAN, TAN & Bank Account

Income tax Department allots a unique 10 Digit alpha numeric number as a permanent account number, also known as PAN Number. To comply with TDS provisions every tax payer need to obtain a Tax Deduction Account Number. These identification numbers are essential to operate and comply. The opening of a bank account is the last step in setting up a business.

Advantages of One Person Company (OPC)

Limited Liability

Limited Liability implies that the owners or shareholders of the company are not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. In order to reap the Limited Liability Benefit, owner needs to comply with all laws.

Capacity to Sue and to be Sued

Private Limited Companies enjoy the advantage to carry out legal proceedings and to bring a suit in the court of law. Like an individual, the companies can bring a legal action in another person's name and also can be sued in the court of the law as they are distinct & independent legal entities different from its owners, promoters & directors.

Perpetual Existence

Perpetual Existence implies that the company is unaffected by the death of owner or the transfer of its shares to a new establishment. The best part of perpetual existence is that a company will continue to exist, no matter how many directors, officers and shareholders join or leave.

Distinct Legal Entity

A legal entity like a company has a separate identity from its owners or shareholders. With the registration of the company according to the law in force it becomes a distinct legal entity which is different from its promoters and is treated separate under law.

Borrowing Capacity

Not only the private limited companies receive great financial assistance from banks and financial institutions but also enjoys an advantage of borrowing funds. A private limited company can also issue debentures apart from accepting deposits from the public.

Owning Property

Like a person a private limited company can purchase, sale, own, possess, enjoy and transfer property rights to anyone in its own name. Moreover, no claim can be made upon the property of the company by the shareholder as long as it exists.

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