Private Limited Company

Portfolio name

  • What is One Person Company (OPC) Registration?

    The One Person Company (OPC) was recently introduced as a strong improvement over the sole proprietorship. It gives a single promoter full control over the company while limiting his/her liability to contributions to the business. This person will be the only director and shareholder (there is a nominee director, but with no power until the original director is incapable of entering into contract). So there's no chance of raising equity funding or offering employee stock options. Furthermore, if an OPC hits an average three-year turnover of over Rs. 2 crore or has a paid-up capital of over Rs. 50 lakh, it must be turned into a private limited company or public limited company within six months.

  • Documents Required for OPC Registration

    TO BE SUBMITTED BY DIRECTOR


      Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)


      Scanned copy of Voter's ID/Passport/Driver's License


     Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill


      Scanned passport-sized photograph


      Specimen signature (blank document with signature [partners only])


    FOR THE REGISTERED OFFICE:


      Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill


      Scanned copy of Notarised Rental Agreement in English


     Scanned copy of Notarised Rental Agreement in English


      Scanned passport-sized photograph


      Scanned copy of Sale Deed/Property Deed in English (in case of owned property)


  • Advantages of OPC Registration


    The directors' personal property is always safe in a private limited company, no matter the debts of the business.


    Continuous Existence


    Sole Proprietorships come to an end with the death of the proprietor. As an OPC has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.


      Greater Credibility


    As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.


  • OPC Registration Process


    5 WORKING DAYS


    The director must apply for the Digital Signature Certificate (DSC), which is necessary to file the company registration documents. For this, you will only need to provide a few scanned documents and details; our representatives will fill the form and submit it online.


    7 WORKING DAYS


    As soon as we apply for the DSC, we will ask you to pick a name for your company, and send us some scanned documents regarding it. These will be used to file SPICe i.e. INC-32 and the Memorandum of Association (MoA) and Articles of Association (AoA). The Certificate of Incorporation will be approved at the end of this process.


    2 WORKING DAYS


    Every company needs a registered Permanent Account Number (PAN) and Tax Account Number (TAN). We will make the application online ourselves, but you will need to courier hard copies of the required documents yourself. The PAN and TAN will be couriered to the your registered office address in 21 working days.


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