OPC Company Registration
Tax Online CA
One Person Company Registration in India
What is One Person Company Registration?
To register a One Person Company in India, first grasp what it means. A One Person Company, often known as an OPC, is a type of Private Limited Company established under the Companies Act of 2013. It is owned by a single shareholder who is entitled to a 100% profit share. His liability, however, is limited to the unpaid amount of his subscribed stock capital in the company. Because all decisions are approved by a single shareholder, decision-making processes are simple. So, if you do not wish to share ownership, a One Person Company may be the ideal option for you!
OPC Registration Process
| Step | Description |
|---|---|
| Step 1: Obtain Digital Signature Certificate (DSC) | A Digital Signature Certificate (DSC) is required to begin the registration procedure. This certificate is required for filing the required paperwork online. DSCs can be obtained from authorized agencies. |
| Step 2: Select a name for your One Person Company | The next stage in the OPC Registration process is to choose a valid name for the OPC in accordance with MCA requirements. After you’ve decided on a name, you must have it approved and reserved by the ROC. An application in the PART A of the SPICE Plus form can be submitted to the ROC for this purpose. Once a name is reserved, it is valid for 20 days, during which time the OPC must be incorporated. |
| Step 3: Drafting of MoA and AoA | The MOA is the one-person company’s constitution, while the AOA is its set of internal rules and regulations. These are important OPC documents that must be presented as part of the one-person company registration process. As a result, be certain that these are written in the proper legal format ahead of time. They must be signed by all shareholders and stamped by a public notary after the necessary stamp duty has been paid. |
| Step 4: Filing application for OPC Registration Online | Once you have completed all of the documentation and drafts, you can finally file the SPICe+ application for OPC incorporation online. The form must be accompanied by the appropriate papers and drafts, which must be uploaded in digital format. Finally, using his class 3 Digital Signature Certificate, the authorized director can sign the form. A practicing professional, such as a CA, CS, CMA, or Advocate of the High Court, further certifies the form. |
| Step 5: Issue of Certificate of Incorporation and PAN and TAN | Following submission, the SPICE Plus application is routed to the Registrar of Companies’ office. The ROC verifies the accuracy and authenticity of the facts and documents supplied. If ROC is happy with the materials, the application is approved and the OPC Company Registration process begins. It registers the OPC and issues a Certificate of Incorporation in its name, as well as the company’s PAN and TAN. |
Benefits of a One Person Company Registration
If you are going for single person company registration, a One Person Company should be your clear choice! Wondering Why? Go through the table below explaining all OPC benefits in detail and you will get your answer. From Sole Ownership Control to Limited Liability, OPC benefits are huge and numerous. They not only extend to its owner, but all other stakeholders like directors, creditors, and customers.
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