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Prudently introduced by the Indian Companies Act of 2013, the one person companies are fast becoming popular for doing business/profession/service in various economic fields in India by entrepreneurs, professionals, businesspersons, industrialists, etc. The private limited companies or sole proprietorships can also be converted into one person companies. The most striking and impressive features of the one person companies are the following:
These require only one director
Advantages of limited liability
Legal recognition and perpetuity like corporate bodies
Lesser annual and regulatory compliances
Exemption from following strictly the provisions regarding general meetings and rotation of auditors
And some tax-related concessions.
This webpage offers exclusive information about one person company registration in india, to help people and entities interested in starting new business in diverse economic fields in India.
Documents Required for OPC Registration in India
For opc registration anywhere in India, for which our well-resourced and internationally admired law firm based on Delhi has been offering efficient and excellent legal services for last one year, the following are statutory requirements:
One Director and one Subscriber; both can also be the same person
One Nominee
A Minimum Paid Up Capital of INR-100,000/- (One Lac)
Copies of the PAN Cards of the Proposed Director/Subscriber and Nominee
DIN and DSC of the Director
Address Proofs of the Residences of the Proposed Director and Nominee
Proof of the Location of the Proposed Registered/Head Office of the OPC
The director/subscriber and the nominee should preferably be Indian citizens. Again, the proposed nominee must be an adult person (i.e. not minor), and must not hold any beneficial share in the associated one person company.
One Person Company Registration Process
Our mature and vibrant company lawyers help people during the whole registration process of OPC, right from consultation over forming an OPC anywhere in India. They also support people in obtaining DSC and DIN, and other tax-related registrations. Broadly, the activities involved in the entire registration process, are the following:
Getting the Digital Signature Certificate (DSC)
Obtaining the Director Identification Number (DIN) with help of Form DIR-3
Ensuring availability of any of the proposed names, through Form INC-1
Drafting the MOA and AOA of the company
Preparing necessary legal documents related with administration, management, and safety of the company
Then, filing Form INC-2, for incorporation of the proposed OPC with the concerned ROC
Filing the Nominee Consent Form INC-3
Filing Form INC-22, if necessary
Lastly, seeking the certificate for commencement of business through Form INC-21
