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Registrations & Support

Registrations

One Person Company

ONE PERSON COMPANY REGISTRATION


The idea of One Person Company [OPC] is introduced by The Companies Act, 2013, consequently empowering Entrepreneur(s) carrying on the business in the Sole-Proprietor type of business to go into a Corporate Framework.
One Person Company is a mixture of Sole-Proprietor and Company form of business and has been provided with concessional/relaxed prerequisites under the Act.

Highlights of One Person Company (OPC)

1. Max One Shareholder:

An individual, who is an Indian citizen and occupant in India, will be qualified to incorporate a One Person Company. Explanation: The expression "Occupant in India" implies a man who has stayed in India for a time of at the very least 182 days during the promptly preceding one calendar year.

2. Nominee for the Shareholder:

The Shareholder might nominate someone else who should turn into the shareholders if there should arise an occurrence of death/inadequacy of the first shareholder. Such nominee should give his/her consent and such consent for being assigned as the Nominee for the sole Shareholder. An individual, who is an Indian citizen and occupant in India can be a nominee for the sole individual from a One Person Company.

3. Director:

Must have at least One Director, the Sole Shareholder would himself be able to be the Sole Director. The Company may have a maximum number of 15 directors

Terms and conditions of OPC

  1. A person might not be qualified to join more than a One Person Company or become a nominee in more than one such organization.
  2. Minor can't be a member or part or nominee of the One Person Company or can hold shares with beneficial interest.
  3. An OPC can't be joined or changed over into an organization under Section 8 of the Act. [Company not for Profit].
  4. An OPC can't do Non-Banking Financial Investment exercises incorporating the interest in securities of any body corporate.
  5. An OPC can't change over intentionally into any sort of organization unless two years have terminated from the date of consolidation of One Person Company, except threshold limit (paid up share capital) is expanded past Rs.50 Lakhs or its annual turnover amid the important period surpasses Rs.2 Crores i.e., if the Paid-up capital of the Company crosses Rs.50 Lakhs or the normal yearly turnover amid the significant period exceeds Rs.2 Crores, at that point the OPC needs to constantly record shapes with the ROC for transformation in to a Private or Public Company, with in a time of Six Months for breaching the above limits.

Required Documents:- (All copies of documents should be self-attested by the customer)

Identity and Address Proof

PAN is mandatory. For foreign nationals, apostilled or notarized copy of passport must be submitted mandatorily.

Residence proof documents like bank statement or electricity bill must be less than 2 months old.

A recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
DSC, DIN, RUN Name Approval, 1 lakh authorized capital, incorporation fee and stamp duty*, incorporation certificate, TAN.

Steps to Incorporate One Person Company (OPC)

  1. Obtain Digital Signature Certificate [DSC] for the proposed Director(s).
  2. Obtain Director Identification Number [DIN] for the proposed director.
  3. Select suitable Company Name, and make an application to the Ministry of Corporate Office for accessibility of name.
  4. Draft Memorandum of Association and Articles of Association [MOAand AOA].
  5. Sign and record different reports incorporating MOA and AOA with the Registrar of Companies electronically.
  6. Payment of Requisite expense to Ministry of Corporate Affairs and furthermore Stamp Duty.
  7. Scrutiny of reports at Registrar of Companies [ROC].
  8. Receipt of Certificate of Registration/Incorporation from ROC.

IN WHAT WAY WE CAN ASSIST YOU WITH THE ONE PERSON COMPANY

Capital flow makes you, much easy to register a one person company within 7-10 days, subject to government and client processing time.

Title Authorization

For approval of name, we need minimum one and a maximum of six name choices which can be submitted to the government. The subject of availability, company naming guidelines and government processing time, name approval can be obtained in 2 to 4 working days.

Registration Of Organisation

When we are providing a company name approval, incorporation documents must be submitted to the government at any cost along with an application for company registration. So the government will basically approve the application for incorporation in 5 to 7 days.

Leading A New Strategic Project

Getting a project is not an easy deal to work with. We are here to help you in advising and supporting to get a good and strategic project to move your way into profits. At the same time, we may help you to reach your goals with some efforts.

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number(DIN) is mandatory for the proposed director of the one person company. DIN and DSC can be also be obtained for the proposed director within 2 to 4 working days.

Objectives To Register One Person Company

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Solitary Supporter

One person Company is the only type of company started and managed by a single person in all aspects with all liabilities in all over India. The Main advantage in this is he/she can easily transfer the ownership from one to other.

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Successive Existence

A company has 'ceaseless', meaning successive subsistence until it is officially dissolved. A company is also a separate constitutional person, is forthright by the death or other departure of any member and continues to be in existence.

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Effortless Exchangeble

Proprietorship of a business can be easily transmitted to a company by transferring shares. Transfer of share transfer form and share certificates are sufficient to transfer ownership of a company in an individual a person company ownership can be transferred.

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Having Own Premisis

A company is an artificial person which can acquire its own, enjoy and isolated, property in its name. This property is owned by a company like which could be machinery, building, intangible assets, land, residential property, factory, etc.