Few Process steps for OPC Registration:
One Person Company Registration is new concept in india. One Person Company Registration is blessing for entrepreneurs who on their own are capable of starting a business. There can be only one, natural person resident of India who can be the member of OPC Registration. As the name itself suggests it is a company which is owned by one single person. However, a nominee needs to be nominated in OPC Registration. OPC Registration can be formed with Minimum two Directors and maximum 15 directors. One Person Company Registration offers various benefits as compare to private limited in terms of filing of Compliances.
A Person who registers one Person Company, is not eligible to register more than OPC.
If you are the independent entrepreneur types and want to register your business without involving any other person, then choosing One Person Company Registration will be the right thing to do.
One person is required to start OPC Company in India. These companies shall have minimum one director. The same person can also become shareholder and director. In One Person Company Registration (OPC Registration), Director may different from shareholders.
No minimum capital is required. However, A OPC Company should have minimum authorized share capital of at least Rs. 1 lakh.
Among two directors, one director must be resident Indian. Resident Indian means a person who have spent 182 days or more of a financial year in India.
The name of the Company should be unique and should not be similar to the any existing company name or trademark.
OPC gives the individual entrepreneurs all the benefits of a company, which means they will get credit, bank loans, access to market, limited liability, and legal protection available to companies.
OPC would provide tremendous opportunities for small businessmen and traders, including those working in areas like handloom, handicrafts and pottery. Large Companies prefer to deal with private limited Companies or One person Company instead of Propreitorship.
It includes definition of Private Limited Company. However, The amount of compliance such company is much lesser as compared to private limited company in terms of filing returns, balance sheets, audit etc.
The most significance reason to register OPC is desire to limited liability. Liability of shareholders of OPC Company in India are limited only up to the shares subscribed by them and should not be personally liable for the debts of the company in case company are unable to pay its liabilities.
while doing business in proprietorship, the personal assets of Individual can be at risk in the event of failure but this is not the case in OPC.
Private limited company can sale, purchase and own the property like individual.
legal entity of OPC Company are separate than its shareholders/promoters. An OPC Company being incorporated entity shall also the feature of perpetual succession and will make it easier for businessman to raise money for business.
Limited Liability Partnership
One Person Company
Service Providers, Professional Service Firms, Trading Business
Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public.
Limited Liability Protection
Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs
Subject to turnover of the firm
MCA has introduced new process for One Person Company Registration (OPC Registration), Spice+ is integrated web form. Spice+ is a fast track One Person Company Registration (OPC Registration) procedure which enables a single web form for One Person Company Registration (OPC Registration).
Through Spice+ Form, we can register in 10-12 Days.
There is no minimum Capital Contribution requirement for starting OPC Company.
The minimum number of Directors required is one. However, there can be more than one up to 15 Directors.
Yes, a NRIs and Foreign National can become Directors. They need to get a DIN from the Indian ROC. They can also be a majority shareholder in the company. Provided at least one Director on the Board of Directors should be an Indian Resident.
No, OPC Registration is a fully online process. As all forms are filed electronically. You would need to send us scanned copies of all the required documents.
eZeefiling can register a Company in 15 days. To ensure a speedy process, kindly choose a unique name as the proposed Company name and also ensure that you have all the required documents prior to the starting of the registration process.
These rules contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.
Yes, one can register Company at their home address. One requires to submit the utility bill copy of the same with Noc.