In the one person company registration of 2013, a new concept known as the one person company was introduced (OPC). A private business needs a minimum of two directors and two members, but a public company needs a minimum of three directors and seven members. Previously, a one person company registration could not form a corporation.
An OPC registration online corporation is a business formed by a single individual. A one person company registration could not form a business prior to the implementation of the companies Act of 2013. If a person wished to start a business, he or she could only do so as a sole proprietorship because forming a company required a minimum of two directors and two members.
According to the company act of 2013, an individual can start a business with just OPC registration online and one director. The same person could serve as both the director and a member. As a result, a one person company means that a single individual, whether a resident or an NRI, can form a business that combines the qualities of corporation with the advantages of sole proprietorship.
OPC Registration Process:
Getting the proposed director's digital signature certificate is the first step. Required documents are Address proof, adhaar card, PAN card, Photo, Email Id, phone number.
Apply for DIN
Following the creation of the digital signature certificate (DSC), the next step is to apply for the proposed director’s Directors Identification number (DIN) in SPICe. Form, as well as proof of the director's name and address. Only existing enterprises may use FormDIR-3 on an individual basis. In the SPICe form, DIN can now be applied to a maximum of three directors.
Application for Name Approval:
The next step in creating an OPC is deciding on a name for the company. The OPC registration process name will be “ABC (OPC) Private limited.” In the Form SPICe+32 application, the name can be authorized. In the Form SPICe+32 application, you can only list one preferred name and explain why it's important to keep it. If the name is denied, a new one can be submitted via a new Form SPICe+ 32 application.
Submitting Forms to the MCA:
All of the documents, together with the Director’s and professional’s DSC’s, will be added to the SPICe form, SPICe-MOA and SPICe-AOA, and posted to the MCA site for approval. The TAN and PAN are created automatically at the time of the company's incorporation. For obtaining a PAN and a TAN, separate applications are not required.
The certificate of Incorporation is issued.
The OPC registration process of companies (ROC) will issue a certificate of Incorporation after verification, and we will be able to start our firm.
Document Required:
We must compile the following documents. To the ROC, which must be presented:
The MOA outlines the company’s goal and objectives, as well as the business for which it will be incorporated.
The AOA established the company's operating procedures.
There is only one Director and one member, a nominee must be appointed on behalf of such a person in case he becomes handicapped or dies and is unable to perform his obligations, the nominee will perform on behalf of the directors and take his place. His agreement in Form INC - 3 as well as his PAN card and Aadhaar card would be required.
Proof of the proposed company’s registered office, as well as proof of ownership and a letter of authorisation from the owner.
Form INC-9 and DIR-2 are used to declare and consent to the prospective director.
A statement signed by the professional attesting to the fact that all requirements have been met.
Apply For One Person Company Registration Online In India.
For OPC Registration Online, OPC fees, Documents, Benefits And Procedures.
Introduction to One Person companyAccording to OPC Company registration in Bangalore the proposal of one person company for the corporate laws that had created a revolutionary proposal which was introduced by the Companies Act 2013.
Previously in the past company Act 1956, where there was a minimum of two shareholders and directors were required.
As we see, as soon as you register for One Person Company, the law needs to obey all the mandatory compliance that is required by ROC.
So, an OPC is productively a company that has only one shareholder as its member.
What is the Annual filing for One Person Company in the form MGT 7?As per OPC registration service provider in Bangalore the OPC Annual Return Filing must be filed with the Registrar of the CompaniesThe returns should be filed and completed with the ROC as an extension to Form MGT 7This kind of annual return has to be signed by the Company SecretaryIf there is no Company Secretary available, the director has to be signed the return.It should be filed by all the OPC registered all over India every year The Documents that are necessary for MGT 7:PAN/CINDetails of main business activitiesList of shares and shareholdingDetails of debentures and loansList of other securities held by the companyThe information should be revealed in the Annual filingThe annual return should contain the documents and information that include a register of members, shares, registered office address, a compliance certificate, and debentures details, information about the management of the company, debt details of the company.The annual return would also reveal the shareholding formation of the Company, changes in details, and directorships of the transfers of securities.
Financial statement of One person Company (AOC4)According to Opc Registration Consultants in Bangalore the Companies Act 2003, the audited financial Statements and Records are to be filed digitally in Form AOC 4.The above form should be signed by the Board of Directors.The above same form must be filed on or before 180 days from 31st March of every financial year with the registrar of the companies.The financial report and statements should only surround the Profit and Loss Account, notes to the accounts, Balance Sheet, and Audit report.
One person company registration is an online process and only one person is required to start the company there is no need to go anywhere and once it is registered it is valid for a lifetime.
The company shall have only one member and one nominee during its tenure.
For hassle-free registration of one person company please contact Register Experts to get the company registered at a very reasonable rate which is all-inclusive and has no hidden charges.
The package includes name approval, DIN & DSC of the director, Certificate of incorporation, PAN TAN, MOA, AOA and free GST registration and share certificate.
