Single Owner? Start Your One Person Company in Maharashtra

Gone are the days when starting a company required a team of directors and members. Thanks to the innovative OPC Company in Maharashtra 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 an independent legal personality and can do all the things that an entrepreneur is undertaking.
• More Opportunities, Limited Liability : This is among the strengths of One Person Company in Maharashtra in that it has more opportunities, limited liability because the responsibility of the OPC is not more than the value of share you possess, the individual does not risk more in business and does not suffer any loss of personal possession. It is the wake up call to new and young innovative start-ups.
• Single Owner : You, who is the sole owner useful in making fast decisions, controlling and managing the business without adhering to any long procedures and methods used in other firms. The feeling of belonging gives the desire to expand the business.
• Less Compliance Cost : OPCs have been granted several exemptions and hence have lower compliance burden associated with it when compared to a Private Limited Company.
• Easy to obtain Loans : It is easy to take loans in the form of Loans in Banks, NBFC as compared to a Sole Person Company, because One Person Company is a separate Legal Person.

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 Maharashtra and shall be a nominee of the sole member of a One Person Company in Maharashtra. In addition to this a single individual is not allowed to incorporate more than One OPC and be nominated in more than one such company.
• Raising Funds : A One Person Company in Maharashtra can be enjoying only Single Member and therefore raising of funds through Third Party Investor will not be permitted.
• Public Disclosure of Company Information : A One person Company in Maharashtra is supposed to file its Annual returns, financial statements, Auditor report, Board report etc with the Registrar of Companies, such disclosures are supposed to become public document on paying some fees to the Registrar of Companies and will be viewed by general people as well as competitors of the company by paying some fees to the Registrar of Companies. Disclosure of data will establish an organization that is underprivileged in terms of competition. Competitors- particularly those who are not obliged to publicize any document will get that information and apply it in improving their own business.

Are you a business person who wants to start a company of your own? The Maharashtra One Person Company (OPC) is the right choice! Some of the best aspects of OPC company in Maharashtra that predisposes it as a perfect business owner are:

• Easy Succession: OPC has succession possibilities notwithstanding the fact that there is a single member running all the daily operations of the company. The nominee is able to operate the company in smooth running in case of the demise of the member.
• Limited Liability: OPC is an established company that is regarded as an independent legal entity which is a better protection to the members of the company. The liability of the member is restricted to his or her shares and thus he/she is not liable towards any losses done in the company. It implies that creditors are not allowed to sue the director of the company to recover the debt assumed by the company to offer financial assurances to its members.
• Sole Directorship and Shareholder: In OPC, there is one member who works as a director and is responsible to the day to day operations of the company. An executive director is also not necessary to operate the day-to-day needs, and one member is adequate to serve as a shareholder and all the responsibilities.
• Ownership in Property: The member is entitled to property used in business and other assets in his or her name since the OPC is an independent legal personality. The properties namely the machinery factories, residential property, buildings and other properties cannot be assumed by another individual. According to the law, the OPC is able to purchase property in its own name giving a feeling of ownership to the members of the OPC.

Get started with OPC registration in Maharashtra 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 in Maharashtra 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 Maharashtra.

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

1. Apply the DIN of proposed director in SPICe Form and name and address proof. Previously the maximum number of directors that could be used in the SPICe form was only three.

• 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 Maharashtra

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 in Maharashtra today with Instabiz Filings!

Get your One Person Company registration in Maharashtra 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 in Maharashtra 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 an estate where the company is to be registered, you will be required to submit a scanned copy of the property or sale deeds in a foreign language of English. A sale deed is a legal document during property dealings that is used to demonstrate the buying and selling of property ownership between the seller and the buyer. This is the main ownership transfer documentation that could be necessary when registering OPC in Maharashtra.

With these essential documents, you can kickstart your OPC registration process in Maharashtra 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 in Maharashtra, 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 in Maharashtra:

• 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 in Maharashtra. 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 in Maharashtra 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.

Concisely, we are devoted to offering the hassle free and transferless OPC company registration in Maharashtra and the experience of the registration of the company as a Private Limited and LLP. Get yourself going as an entrepreneur with us today!