One Person Company

Private Limited Company Registration

Ideal business structure for Small and Medium sized Enterprises going for Partnership

Pvt Ltd Company Registration

Definition

Inclusions

Procedure

Documents

5 Steps

Advantages

Requirements

Concerns

Name Selection

FAQ

What is OPC Registration ?

An OPC is the most present day type of business in India proposed by the Companies Act, 2013 and comprehend for a-One Person Company.

A ground breaking thought was propelled which advances the consolidation of miniaturized scale organizations and people with pioneering thoughts and to give a lift to business visionaries who can possibly start their endeavor by allowing them to manufacture a solitary individual organization.

You can undoubtedly enlist one individual organization under the blueprints of the organizations Act 2013 and the laws thereto, where it was made feasible for a solitary individual organization to fill in as an organization without the unpredictability of having accomplices. This urges more individuals to approach to initiate a business. The OPC is fit for independent ventures where the turnover isn’t probably going to cross Rs. 2 Crores. IN OPC Registration it’s imperative to take note of that the candidate or the executive ought to be Indian Resident.

One Person Companies are profiting to a great extent in building up the general economy of India. An ever increasing number of Entrepreneurs are coming up and beginning their business. By joining of OPC, the organization can appreciate the advantages in banking point and are qualified for Banking advances, credits. In this way, in the event that you need to fire up your own business, you don’t need to stress over all the system and moderate procedures.

Choose OPC Because

Coming up next is the qualification rules for OPC Registration in India.

Can have more than 1 chiefs, yet the investor can’t be mutiple.

Not influenced by the passing of a part or move in possession.

Easy to set up and keep up relatively.

Limits the liabilities of its individuals

Least Paperwork is required.

Can fill in as Stockbroker or Sub-specialist

Not numerous compliances

No obstruction from any outsider is seen

Qualification For LLP Registration

S.No. Particulars OPC Company Private Company LLP
1 Eligibility Only an individual who is an Indian citizen and resident in India is eligible to incorporate an OPC Any individual be it NRI or Indian citizen can form a Private limited company. Any person and group of corporate can be a partner in LLP
2 Minimum Requirement Member – 1, Director – 1, Nominee of Sole Member – 1 Members – 2, Directors – 2 Designated Partners – 2
3 Procedure Get DSC, DIN, MoA & AoA along with INC-32 Incorporation Filing, PAN, TAN Applications Acquire DSC, MoA & AoA along with INC-32 Incorporation Filing, PAN, TAN Applications Collect DSC, DPIN, Name Approval, Filing for Incorporation, File LLP Agreement, PAN and TAN Applications
4 Existence Existence of an OPC is never dependent on the Nominee or Director. Can be dissolved by Regulatory Authorities. A private limited company is not dependent on the directors or shareholder. Can be dissolved only intentionally or by Governing Authorities. LLP can sustain its survival irrespective of changes in partners.
5 Credibility Medium High Medium
6 Time Taken in Registration 15 – 20 Days 10 – 15 Days 15 – 20 Days
7 Conversion System Cannot be converted before 2 years Can be converted into LLP Not directly converted into a Private Limited Company
8 Compliance Requirements Annual Return Filing No Board Meetings, if only one director No General Meetings Annual Return Filing Board Meetings & General Meetings Annual Return Filing
9 Statutory Audit Compulsory Compulsory Only in case contribution is more than 25 lakhs and less than 40 Lakhs
10 Fund Raising Options Low High High
11 Recommended For Sole promoters Start-ups and growing Professional services firms
12 Foreign Investment Not Allowed Allowed Allowed

What Is Included In Our Company Registration Package?



Copy of PAN Card of owner



Passport size photograph of the owner



Copy of Aadhaar Card/ Voter identity card



Copy of Rent agreement (If rented property)



Electricity/ Water bill (Business Place)



Copy of Property papers (If owned property)



Landlord NOC (Format will be provided)

Procedure For Company Registration

Complete Our LLP Form

You are required to fill your details in our simple online questionnaire.

START

Obtain DSC and DIN for Director of OPC

Then, we shall obtain DSC and DIN for directors and apply for name approval of OPC.

3 Working Day

Verification and name apporoval for OPC

Then, we shall obtain DSC and DIN for directors and apply for name approval of OPC.

2 WORKING DAYS

Apply for the COI of OPC

We will apply for and obtain a certificate of incorporation for OPC and then apply for TAN and PAN.

10 WORKING DAYS

Your OPC is now ready

Once your OPC is registered, we shall send you TAN and PAN via courier.

CONGRATULATIONS

Eligibility Criteria for OPC Registration

Coming up next is the qualification rules for OPC Registration in India.

 

Just an individual who is a resident of India and inhabitant in India. Inhabitant in India alludes to an individual who had lived in India for a period at the very least 182 days in the previous one year Lawful elements like organization or LLP can’t join an OPC.

A candidate must be chosen by the advertiser while the fuse.

The least approved capital must be Rs 1 Lakh.

An OPC is limited from working a minor as its part.

On the off chance that an OPC traverses Rs 2 crores or has a settled up capital more than Rs 50 lakhs. It must be changed over into a private or open inside a half year.

Least 1 Shareholder/Nominee/Directors

Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.

Variables to Consider While Selecting a LLP Name

Short & Simple

The name ought to be succinct and not be excessively long. Individuals ought to have the option to review and articulate your organization’s name effectively the first occasion when they hear or read it.

Important

The name of your OPC ought to be applicable to your business. It should fit the organization’s marking methodology. For instance, Infosys alludes to data frameworks or IT advances.

Remarkable

Name of your OPC ought not be actually the equivalent or indistinguishable from a current LLP or organization or trademark or for which a trademark has been applied for. You can go to search.legalraasta.com to check if your organization name coordinates any others. Preferably, you ought to stay away from plural variant e.g, “Snapdeals” or only changing the letter Case or accentuation checks or dividing in a current LLP, Company and Trademark name.

Addition

OPC’s are not required to end their name with “Private Limited” or “Restricted”.

Ought not be illicit/hostile

The name of your LLP ought not be against law. It ought not be oppressive or against the traditions and convictions of any religion and ought not utilize words or expressions which are utilized as a slur and are hostile to a specific gathering of individuals. Further, names ca exclude foul words or expressions.

Ought not abuse any laws

Your OPC’s name ought not be given under and disregard the Emblems and Names (Prevention of Improper use) Act, 1950. Snap here to check the names. (See the Schedule). Ought not utilize the words “English India”.

 

Qualification For LLP Registration

Complete our Simple Form Online

Verfication of Documents

Submission of Document

Your work is Completed, Congratulations.

Documents Required For LLP Registration



Identification (in the event of Foreign Nationals/NRIs)



Name search & approval



DIN for 2 Directors



ROC Fees & Pan card

Documents Required For LLP Registration



Least approved offer capital required for One Person Company having share capital is Rs.1,00,000/ – .



Least and most extreme number of individuals for One Person Company is one in particular.



The supporter of the Memorandum must make the installment for the aggregate sum of offers bought in by him to the organization upon joining.



It is a different legitimate substance yet just a single individual is liable for the functions of the organization. An all out complexity from what Sole Proprietorship offers.



There can be just a single part at once. In any case, one chosen one is compulsory to be designated. This part and candidate can’t be a minor.



An OPC can be restricted by assurance or constrained by shares or boundless organization.



An OPC constrained by shares must agree to following



No OPC can willfully change over into some other sort of organization inside two years from the date of joining of One Person Company, with the exception of when the edge furthest reaches of settled up share capital, being fifty lakh rupees, is crossed or its normal yearly turnover during the pertinent period surpasses two crore rupees.



An OPC can’t change over into an organization enrolled under OPC. An OPC is required to give a lawful personality by indicating a specific name under which the exercises of the organization can be continued. The words ‘One Person Company’ must be referenced beneath the name of the organization, any place the name is fastened, utilized or engraved.



At the point when an OPC restricted by shares or by ensure goes into an agreement with the sole individual from the organization, who is additionally the executive of the organization, the terms of agreement or offer must be recorded as a hard copy or contained in a notice or recorded in the minutes of the Board meeting held next in the wake of going into the contact.



An OPC must Inform the Registrar about each agreement went into by the organization with the sole individual from the organization inside a time of fifteen days from the date of endorsement.

Timeline for OPC Registration Process

Important Forms for OPC Registration

Privileges on choosing OPC

Constrained Liability

The executives’ very own property is always sheltered in regardless of the obligations of the business. In OPC just interest in the organization is lost, individual resources of the executives are spared.

Nonstop Existence

An OPC has a different legitimate personality, it would give to the candidate chief, in this manner, it has proceeded with presence.

More prominent Credibility

An OPC requires to have its books evaluated yearly, it has higher believability among merchants and loaning foundations.

Simple to Sell OPC

OPC Company is easy to sell on account of restricted documentation work.

Full Control over the Company with a Single Owner

This reality helps in quick dynamic and execution. However OPC can choose upwards of 15 executives for legitimate capacities, without giving any offer to them.

Simple to raise assets and advances

OPC is 1 of the least demanding types of corporate elements to work. Not very many ROC documenting is to be enlisted with the Registrar of Companies. No compelling reason to deal with Annual General Meeting and other normal compliances.

 

Taxation Rules for OPC Company

Privileges on choosing OPC

What do you understand by OPC and its registration?

One Person Company (OPC) another organization arrangement, maintains the upsides of sole ownership and the corporate state having one part, as the Director and a chosen one. The idea of OPC Registration was begun by the Companies Act, 2013 to give a lift to the business visionaries who have the capacity of initiating their own endeavor. They are pertinent to make a solitary individual organization. The OPC Registration is required for all business visionaries.

How many people are required to start One Person Company?

At any rate one candidate is required to begin an OPC who can go about as an investor just as an executive.

Are we allowed to form more than one One Person Company ?

No, you are not allowed to frame more than 1 OPC and candidate in your organization can’t be chosen as the candidate in some other OPC organization

Are there any others payments to be made for incorporation certificate in additional to the fee paid at the time of registration?

There is definitely no other installment. We will send you a comprehensive receipt, with no shrouded charges

Is Foreign Direct Investiment (FDI) allow of One Person Company (OPC) ?

No, FDI isn’t allowed for OPC Company arrangement, in the event that it does, at that point it will lose its genuine nature of OPC

How much capital is required to begin with OPC Company?

The least capital interest is Rs. 1 Lakh yet this sum differ from your speculation. Approved capital and venture are not the equivalent in OPC Company. You can contribute as much as you need to however when you have to consolidate an organization expertly, it must be started with Rs.1 Lakh as capital.

Who can become a member of One Person Company?

Any individual/association can turn into an individual from One individual organization including outsiders/NRI’s.

For incorporation of One Person Company do I have to be present in person?

The whole methodology is 100% on the web and you don’t need to be available at our office or some other office for fuse. A checked duplicate of reports must be sent through mail

 

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