One Person Company is a new concept in India that came into effect with the Company's Act 2013. Before the commandment of this Act, it was not possible for a single person to register a company. Hence this article discloses an extensive guide for One Person Company Registration in Delhi NCR and its basic processes, requirements, and benefits.
Section 2(62) of the Company’s Act 2013 states that a company can be registered with just 1 director and one shareholder. The director and shareholder can be a single person. It has the features and powers of a normal company and benefits of the individual ownership.
Basic Documents Needed
● Inspected copy of a current bank statement,
● Electricity bill, gas bill, and phone bill,
● Rental agreement in a digital format as a hard copy,
● Registered company address, and
● Identity proof such as voter id card, passport, and driving license.
Steps to Register for an OPC Registration
Step 1: Keep the important documents like PAN, ID proof, and registered company’s address proof ready.
Step 2: Select a unique name for the company to not violate any trademarks and copyrights.
Step 3: Prevail the Digital Signature Certificate (DSC) and Director Identification Number (DIN) of all the directors.
Step 4: Get the name of the OPC approved by the law.
Step 5: File a Spice Plus form along with the Memorandum Of Association (MOA) and Articles Of Association (AOA) attachments to the Registrars of Companies (ROC).
Step 6: Apply for PAN and TAN for your new company.
Step 7: Open a new bank account and start your new business.
Features and Benefits of OPC Registration
➔ The progression of the company is easy with one or fewer members.
➔ The members in a OPC have a minimal liability to losses.
➔ Members enjoy exclusive directorship and partnership.
➔ The company has easy access to funding.
➔ By having fewer members, the company can be managed easily.
The Mandatory Annual Compliances of a OPC
➢ Organizing Annual General Meeting (AGM).
➢ Filing Financial Statements.
➢ Filing Income Tax Returns (ITR).
➢ Filing Annual Returns.
➢ Statutory Audit.
➢ Maintaining Statutory Registers and Records.
How can a Registration Firm Help in OPC Registrations?
1. A registration firm can help in finding a unique name to avoid any trademarks and copyright.
2. A good registration firm has all kinds of experts ranging from chartered accountants to lawyers who can help file your taxes and generate ITR.
3. They help draft the MOA and AOA for you and file the necessary paperwork to be registered.
4. They get you completely covered by allocating PAN and TAN simultaneously.
Finally to recap, in this article we gave you a comprehensive overview of the steps, basic documentation, and features of an OPC registration. And how a Startup Registration Firm Greater Noida will help you in your certifications.
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.
