One Person Company Registration

An OPC consists of all the features of a regular company, including perpetual succession, limited liability partnership  but has a separate legal entity. It was not possible for a person to form a company in India before the introduction of the Companies Act 2013. 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 one of the acts passed by Parliament of India and it remains the focal piece of Indian regulatory enterprise leglislation.  From 1 April 2014, the act started being effective, mostly by replacing the Companies Act of 1956. The Act controls many concepts of company law, including corporate governance (issues related to the structure of the board), incorporation of companies, appointment of directors, and acceptance of deposits and transfer of shares.

• Appointment of additional directors: The Acting Managing Director of a company may, with the approval of the subordinate staff, appoint additional directors, but such directors may not be appointed if the Board is voted in General Meeting.

• Acceptance of deposits:  For a company to raise deposits, it is necessary that shareholders pass a resolution at a general meeting which provides the directors with authority to choose the maximum amount, time frame and interest rate for the company’s deposits. Parts of the Act from 73 to 76 cover how to control asking for and accepting deposits.

• Transferability of shares: It is possible to freely transfer shares also known as movable properties.

• Company incorporation: The Act outlines how the process should happen and the way certificates of registration are issued. An incorporated business in India is prohibited from conducting business until being issued a registration certificate by the Registrar of Companies (ROC). Another aspect that is a privilege of statutory registrator is the running of a business.

• Corporate governance: The Act imposed tougher rules for public companies that are not listed and major fines for breach of the law.

One Person Company (OPC) Registration Process

Follow the steps below to register an One Person Company (OPC) in India:

• Acquire a Digital Signature Certificate (DSC)
• Obtain a Director Identification Number (DIN)
• Apply for name reservation for the company
• Prepare Article and Memorandum of Association.
• Your forms should be filled on the ministry of corporate affairs (MCA) website.
• Pay the applicable charges
• Receive 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 InstabizFilings. 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

For the economical price of Rs. 4,999, our service “Instabiz Filling” offers One Person Company (OPC) registration with a stunning turnaround time of just 48 working hours.

We provide numerous advantages that make us stand out for your OPC company registration:

• Expert Guidance: Our seasoned professionals assists you with preparatory strategies and offer legal counsel, ensuring that you have all the documents needed as well as meeting all prerequisites.

• Affordable Prices: Because of the sensitivity of pricing on starting a business, we offer very low and affordable OPC company registration services.

• Quick Turnaround Time: In line with our commitment to providing you value, we have designed a very efficient and streamlined process that is time saving.

• Customer Satisfaction: With us, you will enjoy unrivaled customer service as we aim to ensure that every customer is satisfied with the services provided.

Should you want to start a One Person Company, I advise beginning with Instabiz Filling as they will walk you through the entire work flow, starting from acquiring the relevant paperwork to receiving the Certificate of Incorporation.

Benefits of One Person Company in India

• Limited liability: The owner's property is safe in case the company is in debt or is prosecuted.

• Full control: Owner is provided with sole discretion over the management of the business.

• Distinct legal identity: Public image is maintained and credibility is boosted because of compulsory registration.

• Operational autonomy: OPCs enjoy independence in carrying out business activities.

• Nominee of shareholder: If the subscriber dies or becomes unable to manage the share, a person is nominated to act as the owner.

• Access to funding opportunities: Funding opportunities are available to OPCs with no complications.

• Tax benefits: If a company registers as an OPC, the tax rates remain the same as those for Private Limited Company.
  
  

Start your entrepreneurial journey with ease

Regardless of whether you live in India or abroad, the OPC scheme helps you launch your business adventure and manage your future successfully. You can get guidance from an expert, low fees and a quick outcome when you use our OPC registration service. Registering with Instabiz Filing is easy and fuss-free.

Disclaimer

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