In India, the concept of One Person Company (OPC) was introduced by the Companies Act, 2013 to support entrepreneurs who are willing to start their own ventures without involving a partner.
What are the minimum requirements for OPC registration?
- Only 1 shareholder
- Minimal 1 Director
- A Nominee whose age is extra than 18 years and isn't always a director in any other OPC.
What are the documents required to register a One Person Company?
The files required from the director and nominee are:
- Pan Card
- Aadhar card/Passport/ License
- bank announcement/ cellular invoice / application invoice having cope with
Files required of the proposed registered deal with are as follows :
- Power invoice/other utility bill of the proposed registered deal with NOC or hire settlement from the owner of the premises
- Even though the director is owner of the belongings NOC is wanted from him
What are the steps to register an OPC?
Step 1: Applying for DSC (digital signature) that is required to sign and post the shape online. It's also used to signal and upload the income tax returns and annual returns of the only man or woman enterprise. The virtual signature is in a pen pressure and may be acquired from carriers.
Step 2: Submission of SPICE, SPICE 33 and SPICE 34: Guidance of MOA and AOA are the most important part in this step. That is a final application shape and authorities have merged Call Approval, DIN utility, PAN and TAN utility on this one easy form. We also post the MOA and AOA of the one individual organization. As soon as this shape is accredited the authorities trouble the certificates of incorporation and MCA receipts which then may be used for opening a financial institution account.
One person company registration may be finished in 10 running days and is a totally online manner.
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