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OPC Registration

OPC Registration refers to the formal process of registering a One Person Company (OPC), a unique business structure where a single individual can establish a company, acting as both the director and shareholder. The registration involves submitting the necessary documents and complying with regulatory requirements, providing legal recognition to the OPC. This structure combines the benefits of a sole proprietorship with limited liability, making it an attractive option for solo entrepreneurs looking for a formalized business entity.

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Steps for OPC Registration

  • DSC and DIN Acquisition - Obtain a Digital Signature Certificate (DSC) and apply for Director Identification Number (DIN).
  • Name Reservation - File for name reservation with the RoC, ensuring the availability and approval of the chosen name.
  • MOA and AOA Drafting - Prepare the Memorandum and Articles of Association outlining company objectives and regulations.
  • Document Filing with RoC - Submit necessary documents, including MOA, AOA, and other required forms to the RoC for approval.
  • Fee Payment and Certificate Issuance - Pay the registration fees as per authorized capital and receive the Certificate of Incorporation.
  • PAN and TAN Application - Apply for the company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
  • Bank Account Opening - Open a bank account in the name of the OPC using the issued Certificate of Incorporation and other required documents.

Documents Required

  • Each prospective partner's self-attested PAN card must be utilized to complete the One Person Company Registration Process.
  • The Self-attested address proof must include the Partner's name as it appears on their PAN.
  • For Indian citizens, self-attested passports, election cards or voter identification, Aadhaar cards, or any other form of identity verification is acceptable and is included in the One Person Company Registration documentation.
  • The Self-Attested Partner's Ownership Proof must include the most recent Electricity Bills, Telephone Bills, Gas Bills, Mobile Bills, or any other utility bills from the company's location that are no more than 2 months old.
  • And most recent two passport-size photos.
  • All directors and members are required to provide two months worth of bank statements.

Our Process to Work

Empower your entrepreneurial dreams through swift OPC Registration with Taxperts Associates.

  • Consultation and Documentation Assistance - Initiate a consultation, provide guidance on obtaining DSC and DIN, and assist in preparing necessary documents.
  • Name Reservation and Drafting - File for name reservation, draft MOA and AOA, ensuring compliance with regulatory requirements.
  • Document Filing with RoC - Submit required documents to the RoC, handling the entire filing process for swift approval.
  • Fee Payment and Certificate Issuance - Manage the payment of registration fees and facilitate the issuance of the Certificate of Incorporation.
  • PAN and TAN Application - Assist in the application for PAN and TAN for the OPC.
  • Bank Account Opening Support - Provide support in opening a bank account using the issued Certificate of Incorporation.

Benefits

  • Limited Liability Protection - Benefit from limited liability, safeguarding personal assets from business liabilities.
  • Solo Ownership and Control - Enjoy full ownership and control as a solo entrepreneur, making decisions independently.
  • Legal Credibility - Attain legal recognition, enhancing the credibility and trustworthiness of the business.
  • Access to Credit and Funding - Access credit and financial support more easily, as OPC registration enhances credibility.
  • Simplified Compliance - Experience simplified compliance requirements, reducing administrative burdens.
  • Tax Advantages and Incentives - Avail of tax benefits and incentives specific to One Person Companies, optimizing financial advantages.

Frequently Asked Questions

OPC Registration is the formal process of establishing a One Person Company, providing legal recognition to a business structure where a single individual owns and manages the company.

Any individual, Indian citizen, and resident can register an OPC, while non-residents and foreigners are restricted.

Required documents include PAN card, Aadhaar card, address proof, and a No Objection Certificate (NOC) from the property owner for the registered office.

No, there is no minimum capital requirement for OPC Registration.

Yes, an OPC can be converted into a private limited company or public limited company as the business grows.

Yes, every OPC must nominate a person who, in the event of the sole member's death or incapacity, will become the member.

The nominee takes over the OPC's ownership in case of the sole member's demise or incapacity, ensuring business continuity.

No, an OPC can have only one director, and the sole member is also the sole director.

OPCs have fewer compliance requirements compared to other corporate structures, including annual filings and financial statements.

No, only Indian residents and citizens are eligible to register an OPC.

At Taxperts Associates, our seasoned tax consultants bring unparalleled expertise to guide you through intricate tax landscapes. With a commitment to precision and personalized service, we empower clients to navigate financial complexities with confidence

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