Single Owner? Start Your One Person Company in Gujarat

Gone are the days when starting a company required a team of directors and members. Thanks to the innovative OPC Company registration in Gujarat concept introduced in the Companies Act 2013, you can now be your company's sole director and member!

This game-changing concept empowers you to establish your own company and offers the benefits of a sole proprietorship. With fewer compliance requirements than a private company, the OPC allows you to focus on growing your business and reaching new heights of success.

Whether you're a resident or an NRI, the OPC concept opens up endless possibilities to unleash your entrepreneurial spirit and take control of your future. So why settle for anything less? Join the OPC revolution today and let your business soar to new heights!

• Separate Legal Entity : OPC is a separate legal person and has the ability of performing all things that an entrepreneur would perform.
• More Opportunities, Limited Liability : It is one of the benefits of One Person Company in Gujarat that it has more opportunities, limited liability because the liability of OPC is limited to the value of the share you have and the individual is able to take more risks in business and will not impact or suffer the loss of personal property. It is the promotion of new and young and innovative start-ups.
• Single Owner : You, furthermore, the single owner, helpful in making speedy decisions and being in control and management of the business without any long processes and methodologies as embraced in other organizations. The feeling of belonging motivates to expand the business more.
• Less Compliance Cost : OPCs have been provided with a number of exemptions and therefore have lesser compliance related burden than a Private Limited Company
• Easy to obtain Loans : Being a separate Legal Entity, a One Person Company in Gujarat can easily raise Loans from Banks, NBFC as compared to Sole Proprietorship

Disadavantages of OPC

• Indian Resident Natural Person can form OPC : Only a natural person who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company in Gujarat and shall be a nominee for the sole member of a One Person Company in Gujarat. Further a single person is not eligible to incorporate more than One OPC and become nominee in more than one such company.
• Raising Funds : A One Person Company in Gujarat can only have a Single Member, thus raising of funds from Third Party Investor is not allowed.
• Public Disclosure of Company Information : A One Person Company in Gujarat should file its Annual Returns, financial Statements, Auditor’s reports, Board’s Report etc to the Registrar of Companies, that become public document once filed with Registrar of companies and will be inspected by general public as well as competitors by paying some fees to the Registrar of Companies. Data revealing will create an entity competitively underprivileged. Competitors – especially those not required to disclose any documents – will access that data and use it to enhance their own business.

Are you an entrepreneur looking to start your own company? One Person Company (OPC)in Gujarat is the perfect option for you! Here are some of the top features of OPC company in Gujarat that make it an ideal choice for small business owners:

• Easy Succession: OPC has a choice of perpetual succession although there is only one member who oversees all the daily operations of the company. Should the death of the member arise then the nominee is able to operate the company and maintain its operations without hitches.
• Limited Liability: OPC is an registered company but is considered a different legal person so that it offers better protection to members. The member is only limited to the share, thus will not be affected by any of the losses that are being carried out in the firm. This implies that creditors are not allowed to sue the director of the company but only the company itself to get its members financial security on debt procurements.
• Sole Directorship and Shareholder: In OPC, one of the members serves as a director and is the one who is responsible in running the daily operations of the company. The executive director does not have to operate the day-to-day running of the needs and a member will be more than adequate to play the role of a shareholder with all the duties.
• Ownership in Property: The OPC member is allowed to own property of business and other assets in its name since the OPC is considered as an independent legal entity. Another person cannot claim the properties, machineries factories, residential property, buildings among other properties. According to the law, the OPC may purchase property in its own name giving its members an ownership feeling.

Get started with OPC registration in Gujarat with Instabiz Filings today and take advantage of these amazing features that will help you take your business to new heights!

The OPC registration process is Gujarat is straightforward and hassle-free. Here's a step-by-step guide: 

• Step 1: Get a Digital Signature Certificate (DSC)

1. Obtain a DSC for the proposed director with address proof, Aadhaar card, PAN card, photo, email ID, and phone number for OPC company registration in Gujarat.

• Step 2: File an application of Director Identification Number (DIN)

1. Apply SPICe Form with name and address proof of the proposed director and apply the DIN. DIN is now implementable in the SPICe form having a maximum of three directors.

• Step 3: Name Approval Application

1. Decide on a name for your company and submit it in the Form SPICe+ 32 application. Once approved, move on to the next step.

• Step 4: Prepare Required Documents

1. Prepare documents such as a Memorandum of Association (MoA), Articles of Association (AoA), proof of registered office, and a declaration of compliance.

• Step 5: File Forms with MCA

1. Attach all required documents to the SPICe Form and upload them to the MCA site for approval—no need to file separate applications for PAN Number and TAN.

• Step 6: Receive Certificate of Incorporation

1. On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation, and your business is ready to start.

• Checklist for Registering Your OPC Company in Gujarat

1. One member
2. Nominee appointment
3. Consent of the nominee
4. OPC name must comply with Companies (Incorporation Rules) 2014
5. The minimum authorized capital of Rs.1 lakh
6. Proof of registered office

Start your business easily by registering your One Person Company today with Instabiz Filings!

Get your One Person Company registration in India hassle-free with our comprehensive guide on the essential documents required. To kickstart the registration process, you will need a few mandatory documents to get started.

• Firstly, a scanned copy of your current bank statement will be required for documentation purposes. You can easily access this document by logging into your internet banking account or visiting a bank location. Your account statement or transaction summary statement should suffice.
• Next up, you will need to provide copies of your electricity or gas bill, phone bill, and mobile bill. These utility bills cover essential services such as electricity, gas, water/sewage, and rubbish disposal. If you have additional services like internet, cable TV, or phone services, they may also be considered extra utilities. It's important to note that the price of utilities varies widely based on your region, usage patterns, and the temperature where you live.
• Additionally, you will need to provide a rental agreement in English transcribed in a digital format. Rental agreements are typically handed over as hard copies to tenants, so ensure that you scan and provide this document in a digital format.
• Another crucial document required for One Person Company registration is a landowner's no-objection certificate in a digital format. This certificate should be obtained from the landowner of the specific land where the company will be registered. It's important to note that every company must maintain a registered address under Section 12 of The Companies Act, 2013. When incorporating a business in India, the registered address is provided as an attachment to the Spice+ Form. However, if the business's address changes after incorporation, a Form INC-22 notification of the new registration address must be submitted to the ROC.
• Finally, in case you own property in which the company is to be registered, you shall submit scanned copy of the sales or property deeds in English. A sale deed is a legal document applied in real estate transactions to demonstrate that the owner of the property made a purchase and sold the owner to the buyer. This is the main document of transfer of ownership which might be needed when registering OPC.

With these essential documents, you can kickstart your OPC registration process without any hiccups. Don't let the registration process overwhelm you - our guide makes it easier for you to take the first step towards starting your dream company!

If you want to register an OPC company, then Instabiz Filings is a perfect choice. Our expert team has helped countless entrepreneurs set up their businesses. We can guide you through the entire process, from obtaining the necessary documents to obtaining the Certificate of Incorporation.

Here are some reasons why you should choose us for your OPC company registration:

• Expert Guidance: Our team of experienced professionals will provide you with expert guidance throughout the entire registration process. We will help you understand the legal requirements and assist you in preparing the necessary documents.
• Affordable Prices: We offer competitive pricing for our OPC company registration services. We understand the importance of cost-effectiveness when starting a business, which is why we offer our services at affordable prices.
• Quick Turnaround Time: At Instabiz Filings, we value your time and understand that delays can be costly. That's why we strive to complete the registration process as quickly as possible. We have a streamlined process that ensures your OPC company registration is completed promptly and efficiently.
• Customer Satisfaction: We take pride in providing exceptional customer service. Our team is always available to answer any questions and will ensure that you are satisfied with our services.

Succinctly, we undertake to offer hassle free and smooth OPC company registration and LLP registration experience of a Private Limited Company. Get in touch with us to begin your business experience!