What is One Person Company Registration?

An One Person Company Registration refers back to the system of registering a One Person company (OPC) in India below the agencies Act, 2013. An OPC is a sort of personal employer that may be normal with just one director and one member, imparting restricted legal responsibility and full manipulation to a single entrepreneur besides the need for a board of administrators.

To check in an OPC, the applicant ought to achieve a digital Signature certificate (DSC) and Director identity variety (DIN). The subsequent steps involve selecting a completely unique agency call, filing the Memorandum of firm (MOA) and Articles of company (AOA), and submitting the incorporation utility to the Ministry of company Affairs (MCA) via the SPICe+ form. Once approved, the OPC gets a certificate of Incorporation, along with a company identity variety (CIN). This form is famous amongst solo entrepreneurs and small agencies due to its simplicity and criminal advantages.

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What Are The Benefits of One Person Company Registration?

The benefits of OPC registration consist of:

• Restrained legal responsibility: The liability of the owner is constrained to their shares in the agency, defensive non-public property from enterprise money owed.
• Sole ownership: An OPC permits a single entrepreneur to have complete control over the business enterprise, making it less complicated to manage and make decisions except the want for consensus.
• Separate legal Entity: OPCs have a distinct felony identity from their owner, letting them own assets, enter into contracts, and sue or be sued independently.
• Ease of Compliance: Compared to different forms of businesses, OPCs have easier compliance requirements, consisting of fewer filings and conferences.
• Get right of entry to investment: OPCs can raise funds through loans and banking centers greater effortlessly than proprietorships, improving economic flexibility.
• Perpetual Succession: The OPC company keeps to exist past the life of its proprietor, ensuring continuity of business operations.
• Tax blessings: OPCs may enjoy tax benefits like lower tax fees and diverse deductions, much like other non-public limited organizations.

Explain OPC Registration Process

The OPC registration method includes several steps to legally install a single enterprise in India. Here are the ways about the system

Step 1: Obtain Digital Signature Certificate 

The first step inside the OPC registration procedure is to acquire a digital Signature certificate (DSC) for the proposed director of the OPC. The DSC is required for the digital submission of bureaucracy to the Ministry of company Affairs (MCA). 

Step 2: Apply for Director Identification Number 

After obtaining the DSC, the subsequent step is to use it for the Director identity variety (DIN). DIN is a completely unique identity number required for every director of an agency in India.

Step 3: Name Approval

Choosing the proper name for the OPC is vital. The call should follow the naming recommendations issued by way of the MCA. An application for name approval ought to be filed via the RUN (Reserve precise name) provider on the MCA portal.

Step 4: (SPICe+)Filing of Incorporation Form

As soon as the decision is permitted the following step is to file the incorporation structure known as SPICe+. This structure integrates numerous services like PAN, TAN, and GST registration, making the technique seamless.

Step 5: Submission of Documents

Several One Person Company Registrationdocuments are required during the incorporation process. These include:

• Identity Proof: PAN card, Aadhar card, or passport of the director and nominee.
• Proof of address: Recent utility bills or bank statements of the director and the registered office.
• Proof of Registered Office: Rent agreement or sale deed along with a no objection certificate from the owner.
• Consent of Nominee: The nominee’s consent in Form INC-3.

Step 6: Issue of Incorporation Certificate 

After filing the documents and the utility form, the Registrar of organizations (ROC) verifies the facts and problems a certificate of Incorporation, which includes the Opc registration number. This certificate serves as evidence of the business enterprise’s legal existence.

How To Do OPC Registration Online?

Here’s a concise guide to opc registration online in India:

• Reap Digital Signature Certificate (DSC): Get a DSC for the proposed director from a certifying authority.
• Practice For Director Identification Wide Variety (DIN): Follow for DIN through the SPICe+ form at the MCA portal.
• Reserve Organisation Name: Use the RUN (Reserve unique call) provider or SPICe+ structure to reserve your business enterprise name.
• Fill Spice+ Form: Complete the SPICe+ shape (INC-32) at the MCA portal for incorporation, DIN, PAN, and TAN.
• Draft Moa And Aoa: Prepare and add the Memorandum of firm (MOA) and Articles of association (AOA) electronically.
• Post Documents: Upload required archives, which include identification proofs, deal with proofs, and consent from the nominee.
• Pay Charges And Put Up: Pay the registration costs on-line.
• Acquire Certificates Of Incorporation: After verification, the MCA issues the certificates of Incorporation, CIN, PAN, and TAN.

This technique is finished absolutely on line thru the Ministry of company Affairs (MCA) portal.

Documents Required For OPC Registration

Here’s a brief list of one person company registration documents:

1. Director’s identity evidence: PAN card (obligatory) and Passport (for overseas nationals).
2. Director’s deal with evidence: Aadhaar, Voter id, Passport, or riding License; plus a recent utility consignment.
3. Registered office evidence: Software invoice, lease settlement (if rented), and NOC from the property proprietor.
4. Nominee Consent: Form INC-3 with nominee’s PAN and Aadhaar.
5. Photograph: Latest passport-sized picture of the director.
6. MOA and AOA: Memorandum and Articles of firm.
7. Declarations and consents: form INC-nine (assertion) and structure DIR-2 (director’s consent).

These documents for One Person Company Registration are submitted online through the MCA portal.

One Person Company Registration in Different Cities

OPC Registration in Bangalore

Bangalore, being a hub for startups and businesses, sees a high demand for OPC registrations. The OPC registration in Bangalore follows the same process as other cities, with the added advantage of several professionals available to assist in the registration process.

OPC Registration in Delhi

OPC registration in Delhi is famous on account of the town’s dynamic enterprise environment. The provision of expert services and the efficient functioning of the Registrar of organizations in Delhi make the method clean.

OPC Registration in Chennai

OPC registration in Chennai caters to the growing range of marketers inside the southern part of India. The process remains steady with the countrywide framework, with local specialists imparting extra assistance for compliance and documentation.

What are the One person Company Registration Fees for incorporating a OPC in India?

The cost of opc registration in India range primarily based at the legal capital of the agency and different elements. Right here’s a well known breakdown:

• Government Charges:
• Legal Capital as much as ₹1 Lakh: About ₹500
• Authorized Capital among ₹1 Lakh and ₹5 Lakhs: around ₹1,000.
• Authorized Capital Above ₹5 Lakhs: expenses boom proportionally with the authorized capital, generally around ₹2,000 or greater.
• Stamp obligation:
• Stamp responsibility at the Memorandum of firm (MOA) and Articles of firm (AOA) varies throughout the country and can vary from ₹1,000 to ₹10,000 or more.
• Extra Prices:
• Professional Prices: In case you lease an expert (like a CA or CS) for the registration procedure, their fees are extra and vary based totally on the complexity of the work.
• Virtual Signature certificate (DSC): Approximately ₹1,000 to ₹2,000.
• Director identification number (DIN): Covered inside the SPICe+ shape charge.

Note: Those expenses are indicative and might range based totally on precise occasions, country rules, and any updates in the MCA price form. Constantly test the modern day fee structure on the MCA portal or seek advice from an expert.

What is the OPC Registration Cost in India for incorporating a OPC?

The OPC Registration Cost in India usually ranges from ₹7,500 to ₹30,000. This includes:

• Government fees: ₹500 to ₹2,000 (based on authorized capital).
• Stamp duty: ₹1,000 to ₹10,000 (varies by state).
• Digital Signature Certificate (DSC): ₹1,000 to ₹2,000.
• Professional fees: ₹5,000 to ₹15,000.  (if applicable)

How long does the MCA OPC Registration process take to complete?

The MCA One Person Company Registration process normally takes 10 to 15 business days to finish. The timeline consists of:

1. Document Training: 1-2 days to collect and prepare critical documents.
2. Call Approval: 1-2 days for checking and booking the business enterprise name.
3. Filing Spice+ Form: 1-two days for submitting the structure and archives online.
4. Verification With The Aid Of Mca: 5-10 days for the Ministry of corporate Affairs (MCA) to process and verify the utility.

The whole time may vary based totally on factors like document accuracy, software extent, and state-particular requirements.

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