An OPC consists of all the features of a regular company, including perpetual succession, limited liability but has a separate legal entity. Before the Companies Act, 2013 was introduced, an individual could not establish a company. If an individual wanted to establish his/her business, they could opt only for a sole proprietorship as it was required to have a minimum of two directors and two board members to establish a company.

We at InstaBiz Filing offer transparent and affordable business setup services in India, with a quick delivery time using cutting-edge technology. Our experience and expertise of over 50+ years ensure the best possible services, and we also provide a smart dashboard for easy management. Check out our simplified guide for OPC registration to kick-start your entrepreneurial journey with ease.

What is the Companies Act 2013?

The Companies Act 2013 is an Act of the Parliament of India that serves as the primary source of Indian company law. It was effective from April 1, 2014, and largely replaced the Companies Act 1956. The Act regulates various aspects of company law, including corporate governance, company incorporation, appointment of directors, acceptance of deposits, and transferability of shares.

Here are some provisions of the Companies Act 2013:

• Appointment of additional directors: Section 161 allows a company's Board of Directors to appoint additional directors, subject to not being rejected in a general meeting.

• Acceptance of deposits: A company can only accept deposits if its shareholders approve a resolution at a general meeting, specifying the maximum amount, duration, and interest rate. Sections 73–76 of the Act regulate the invitation and acceptance of deposits.

• Transferability of shares: Shares, considered movable property, are freely transferable subject to certain conditions.

• Company incorporation: The Act regulates the company incorporation procedure and the provision of the company registration certificate. A business established in India cannot operate without the registration certificate granted by the Registrar of Companies (ROC).

• Corporate governance: The Act introduced a stricter regime for unlisted public companies and severe consequences for non-compliance.

One Person Company (OPC) Registration Process

Here are some steps you can take to register a One Person Company (OPC) in India:

• Get a Digital Signature Certificate (DSC)

• Get a Director Identification Number (DIN)

• File an application to reserve the company name

• Prepare the Memorandum of Association (MOA) and Articles of Association (AOA)

• File forms through the MCA portal

• Pay the required fees

• Get a Certificate of Incorporation from the MCA 

Here are the documents you may need to obtain in the time of registration:

• Documents of promoters

• Documents of registered office

• Appointment of nominee

• SPICe-MOA

• Proof of registered office address

• NOC from the property or land owner

For a better understanding, sign up with InstaBiz. We simplify the process of registering your One Person Company (OPC) in India. With our expert guidance and user-friendly platform, starting your business has never been easier.

Instabiz: Your Trusted Partner for Quick and Transparent OPC Registration in India

Our service, Instabiz Filling, offers One Person Company (OPC) registration with a quick turnaround time of just 48 working hours at an affordable price of Rs. 4,999.

Here are some reasons to choose us for your OPC company registration:

• Expert Guidance: Our experienced professionals provide expert guidance throughout the registration process, helping you understand the legal requirements and prepare the necessary documents.

• Affordable Prices: We offer competitive pricing for our OPC company registration services, understanding the importance of cost-effectiveness when starting a business.

• Quick Turnaround Time: We value your time and strive to complete the registration process as quickly as possible with a streamlined process.

• Customer Satisfaction: We take pride in providing exceptional customer service, ensuring that you are satisfied with our services.

So, if you're looking to start your One Person Company, consider choosing Instabiz Filling to help you through the entire process, from obtaining the necessary documents to obtaining the Certificate of Incorporation.

Benefits of One Person Company in India

• Limited liability: Owner's personal assets are not at risk if the company incurs debts or is sued.

• Full control: Owner has complete control over the company's management.

• Distinct legal identity: Gains a positive public image and builds credibility through mandatory registration.

• Operational autonomy: OPCs have operational autonomy.

• Nominee of shareholder: A person is nominated to become the owner in case of the subscriber's death or incapacity.

• Access to funding opportunities: OPCs have easy access to funding opportunities.

• Tax benefits: OPCs fall in the same tax bracket as Private Limited Companies.

Start your entrepreneurial journey with ease

Whether you're an Indian resident or an NRI, the OPC concept opens up endless possibilities for unleashing your entrepreneurial journey and taking control of your future. Get expert guidance, affordable prices, and a quick turnaround time with our OPC registration service. Contact Instabiz Filing today for hassle-free and seamless registration experience.