OPC Pvt Ltd Company Registration

 

One Stop Solution For Pvt Ltd Company Registration,

 
 

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OPC Pvt Ltd Company Registration

  • What is One Person Company?

One Person Company means a company which has only one member, where only one member are owner and shareholder in a company. There is difference between sole proprietorship and OPC. One Person Company have the advantage of limited liability and separate legal entity.

 

  • Advantages

  1. Only One Promoter and Shareholder

A natural person who is an Indian residentshall be eligible to act as Promoter and Shareholder,wherein only one person owns, manages and controls, all the business activities. Owner of the OPC shall nominate a natural person as nominee.

  1. Profit Sharing

A One person owns the entire business and bears all the risk associated with the enterprise. Therefore, Profit generated from business is belongs to the One Member only.

  1. Control Business

As only one member is owner, he manages and control all business activities and has full control over business. Only one member takes all important decision and implement it, in the manner he wants. In OPC there is quick decision making and maintain high level of secrecy.

  1. Compliance Burden

OPC have lesser compliance burden than a Private Limited Company, Companies Act,2013 provided a number of exemptions to OPC e.g. No requirement to hold AGM, only 2 Board Meeting require to conduct in a year etc., 

 

  • Disadvantages

  1. Membership

Only one member who is an Indian resident are allowed to incorporate OPC, therefore membership is limited and NRIs are not allowed to act as Member in OPC.

  1. Suitable for Small Business Only

OPC is suitable for only small business because if the Paid-up share capital of the OPC exceeds 50 lakhs rupees or Average Annual Turnover exceeds 2 Crore rupees then such OPC has to compulsorily convert to a private or public limited company.

  1. Business Activities

OPC Cannot be Registered with Charitable object under section 8 of Companies Act, 2013 and OPC cannot carry out Non-Banking Financial Investment activities.Such restrictions demotivate business person Desire for business expansion.

  1. Less Capital

In OPC Only one man introduced capital in a business, therefore compare to the other entity amount of capital is very small.

 

  • Requirements for One Person Company

  1. Passport size photographs
  2. Pan card of Director and Nominee
  3. ID Proof Director and Nominee either Aadhaar Card or the Voter identity card of Director and Nominee
  4. Address Proof Director and Nominee: Bank Statement/Electricity Bill/Water Bill/Telephone Bill / Mobile Bill (If any)
  5. Registered Office Proof: Electricity Bill, Telephone Bill, Gas Bill or Water Bill (If any)
  6. NOC from owner
  7. Form INC-3 Sign by Nominee

OPC Private Limited Package

The Services which are included in our package are as Follows
  • Digital Signatures
  • DIN of Directors
  • Filing of Spice form
  • Issue of Incorporation Certificate along with PAN and TAN
  • Memorandum of Association
  • Articles of Association
  • Provisional PF ESI Registration
  • GST Registration
  • MSME Registration
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Documents Required

Identity

AAdhar Card, Passport, Driving Licence for all Directors

PAN Card

Pan card For All Directors

Passport Size Photo

Passport size photo for all Directors

Address Proof

AAdhar Card, Passport, Driving Licence for all directors

Address proof of business

Electricity Bill, Rent aggrement for Registered office

Copy Of Bank Account

First Page of the Bank Account for all directors

FAQ

Most frequent questions and answers

No, OPC means a company which has only one person, so it follows that OPC shall have Only one person as its member, therefore in OPC more than one member

forbidden by Companies Act, 2013.

When OPC paid up share capital exceeds Rs.50 Lakhs orits average annual turnover

of immediately preceding three consecutive financial years exceeds Rs. 2 Crores, then

the OPC has to mandatorily convert itself into private or public company.

OPC unless 2 years have expired from the date of incorporation of One Person

Company, cannot convert voluntarily into any kind of company.

Registration of OPC is Compulsory, one person run a company with advantages of  limited liability and separate legal entity, while Registration of Sole Proprietorship is Not Compulsory. Sole Proprietorship run and owned by one person and were

there is no distinction between the owner and the business.

Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC,

No, A person cannot act as member or nominee in more than one OPC at a time, a Person who is member of one OPC can be nominee of other OPC.

The basic mandatory compliance for an OPC are as follows:

  1. Minimum 2 Board Meetings. At least one Board Meeting in each half of calendar year and gap between two meetings is not less than 90 days.
  2. Filing of ROC: Financial Statement in Form AOC-4 and Annual return in Form MGT-7.
  3. Compulsory Audit of books of accounts.
  4. Maintain of proper books of accounts, records and registers as per rules.

Filing of Income Tax Return.

No, such mandatory requirement to hold AGM for OPC.

Yes, in case of cessation of member of OPC on account of incapacity to contract, change in ownership or death. we need to inform ROC about change in membership of OPC in form INC-4.

Yes, Nominee can be anyone such as mother, father, spouse, daughter, son, brother,

sister, etc.,only they should hold a proper documents proof in order to be appointed as Nominee for OPC.

Why Choose Us

Affordable

We follow a you grow we grow policy.We help you to grow your business, by taking care of all your compliance, at an affordable price.

Fast services

All your queries will be resolved in 24-48 hours.

Professional help

Our professionals will give you the advice which fits best as per situation.

ComplyQueen

Our motto is to make your compliance experience happy. That’s what our name suggests, ComplyQueen. Be compliant, be Happy.


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