Features & Restrictions of One Person Company Registration

The idea of One Person Company (OPC) was presented in the Companies Act, 2013 to help business people who all alone are fit for beginning an endeavor by permitting them to make a solitary individual monetary element. This one individual demonstration both as an investor as well as chief. The obligation of the proprietor is restricted to the capital contributed by him

Highlights and Restrictions of One Person Company Registration:

Just an Indian Citizen (Resident) can become part and choose one of the OPC

A characteristic individual can’t become an individual from 2 OPC at a time

Minor can’t become part or candidate of OPC and he couldn’t hold share with valuable interest in OPC

OPC can’t be shaped to complete NBFC exercises remembering venture for protections of some other body corporate

The organization will put the words (OPC) with the name of the organization like (OPC) Private Limited

It can have more than 1 chief yet not more than 1 investor

OPC, similar to a private or public restricted organization, additionally has an unmistakable character from its investor or chiefs

ROC Compliances for gatherings and other e-filings are lesser when contrasted with Private Limited Company

Qualification Criteria

Least 1 chief

Most extreme 1 investor/1 candidate

Chief and Shareholder might possibly be similar people

Investor and candidate should be an Indian Resident Citizen

The least capital prerequisite is NIL

The racket of the chiefs

Computerized Signature of investors and chiefs

Required Documents

Depiction of proposed business activities in a couple of words

4 proposed names for organization arranged by inclination

Proposed and real capital commitment

Noise (Director Identification Number) of chief

DSC (Digital Signature) of chief and investor

Self confirmed PAN Card duplicate of chief and investor and candidate

Self confirmed ID Proofs of chief and investor and candidate (Driving License/Voter ID/Passport/Aadhar Card)

Self confirmed address verification of chief and investor (Utility Bill/Bank Statement/Bank passbook duplicate)

Identification size shading photograph of chief/candidate in JPEG design

NOC from the proprietor of premises or Rent/Lease arrangement (whenever rented/leased)

Service bill in name of proprietor not more seasoned than 2 months

Occupation and instructive capability, a spot of birth, and identity

Versatile no. furthermore email id of chief and investor

Bit by bit Procedure of One Person Company Registration

Stage 1

Check of reports given by you

Stage 3

Acquiring DSC (Class-2) and DIN as expected previously. Nonetheless, in new organizations, DIN can be acquired inside SPICe + office

Stage 4

The fuse of the organization alongside a recording of e-MOA and e-AOA

Stage 5

Giving you Certificate of Incorporation

Stage 6

Documenting of Commencement of business endorsement following 180 days (independently chargeable)

Appropriate regulation

The Indian Companies Act, 2013

For organization enrollments In India, the Companies Act of 2013 puts down rules for the foundation of both public and privately owned businesses.

Allocation of Director Identification Number (DIN)

Application in Form DIR-3 will be made on the web and a temporary DIN number of the individual meaning to become the overseer of the Company will be produced.

Procuring Digital Signature authentication (DSC)

A computerized Signature Certificate is obtained by presenting the application along with the recommended charge to one of the different sellers like TCS, Satyam and so on On accommodation of reports, DSC is assigned in 1-2 days.

Name Approval of the organization

An application in Form INC-1 should be recorded with the Registrar of Companies (ROC) online through the Digital Signature of one of the proposed chiefs. On presenting the application, the ROC investigates something very similar and sends the endorsement/protests in around 3-4 days to the candidate through email.

Strategy after name endorsement of the organization

An application for enrollment ought to be submitted to the Registrar of Companies with the accompanying reports:

Notice of Association;

Articles of Association;

An announcement in Form INC-8 by an individual named in the articles of the proposed organization as a chief, supervisor, or secretary of the organization, or by a promoter of the Supreme Court or High Court, or by a lawyer qualified for show up under the watchful eye of the High Court, or by a Chartered Accountant rehearsing in India expressing that every one of the necessities of the Companies Act 2013 and the material standards regarding the enrollment and different issues has been agreed with;

A rundown of people who have assented to go about as overseers of the organization.

Assent of each individual arranged to go about as a chief and data about chiefs, overseeing chiefs, directors, and secretary should be submitted in an endorsed Form DIR-12

Data regarding the enrolled office in endorsed Form INC 22.

The legal authority for one of the advertisers or some other individual, approving him/her to make redresses in the archives submitted to the Registrar of Companies,

Pertinent enrollment expense payable to the Registrar of Companies.