One Person Company Registration

An​‍​‌‍​‍‌​‍​‌‍​‍‌ OPC is made up of all the attributes of a normal company such as perpetual succession, limited liability partnership but a separate legal entity. One could not make a company with only one person in India before the introduction of the Companies Act 2013. If an individual wanted to set up his/her business, they had to go for a sole proprietorship only because the requirement for establishing a company was having at least two directors and two board members.

We at InstaBiz Filing provide business setup services that are transparent and affordable in India, with a delivery time that is fairly quick through the use of cutting-edge technology. The best possible services are guaranteed by our more than 50 years of combined experience and expertise, and we also offer a smart dashboard for convenient management. Check out our simplified guide for OPC registration to start your entrepreneurial journey ​‍​‌‍​‍‌​‍​‌‍​‍‌smoothly.

What is the Companies Act 2013?

The​‍​‌‍​‍‌​‍​‌‍​‍‌ Companies Act 2013 is among the major legislations that have been passed by the Indian Parliament and it is the principal source of Indian business law. As of 1 April 2014, the act came into force and thus, it is in large parts, a replacement for the Companies Act of 1956. The Act is the law of the land in regards to various company law matters such as corporate governance (board structure-related issues), formation of companies, directors' appointment, deposits acceptance, and shares ​‍​‌‍​‍‌​‍​‌‍​‍‌transfer.

• 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

To have a better insight, register at InstabizFilings. We make the registration of your One Person Company (OPC) in India simple. Our platform was made user-friendly and with expert help, you can begin your business with an easy time.

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

The information provided in this blog is purely for general informational purposes only. While every effort has been made to ensure the accuracy, reliability and completeness of the content presented, we make no representations or warranties of any kind, express or implied, for the same. 

We expressly disclaim any and all liability for any loss, damage or injury arising from or in connection with the use of or reliance on this information. This includes, but is not limited to, any direct, indirect, incidental, consequential or punitive damage.

Further, we reserve the right to make changes to the content at any time without prior notice. For specific advice tailored to your situation, we request you to get in touch with us.