Start One Person Company Easly
Private Limited Company
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You can easily register a One Person Company (OPC) under the Companies Act, 2013. An OPC offers several advantages, such as limited liability, simple setup, continuous existence, and increased credibility. The registration process is straightforward and requires meeting just a few basic requirements.
Package Inclusion : -
- OPC Name Approval and Reservation
- DSC & DIN for the Director
- MOA and AOA
- Incorporation application filing
- Certificate of Incorporation of OPC
- PAN & TAN
- OPC Registration in two weeks
Features of One Person Company
Easy Succession
Despite having a single person running all the daily activities of the company, OPC provides options for perpetual succession. After the demise of a member of the company, the nominee can run the company.
Sole Directorship and Shareholder
In one person company registration a single member acts as a director so they stand liable for managing the company’s day-to-day activities. In this case, there is no need for an executive director to run the daily needs. A single member is more than sufficient and acts as a shareholder with all responsibilities.
Ownership in Property
Since the OPC is treated as a separate legal entity the person has the right to hold property related to business and other assets in their name. The properties including machinery factories, residential property, buildings, and other assets cannot be claimed.
Verify eligibility & documents
Receive RoC certificate with PAN & TAN
Acquire DSCs & DINs for directors
Reserve name via Spice+form
Initiate bank account & business launch
Procure PAN & TAN
Steps for Registration of OPC
Step 1:Â Check the eligibility and documentation
Step 2:Â Request DSCs and DINs for each director
Step 3: Submit a request for a Name reservation in E-form RUN (Reserve Unique Name) and other e-form SPICE+ for company’s incorporation
Step 4:Â Apply for PAN and TAN for your new business
Step 5:Â RoC issues an incorporation certificate with a PAN and TAN
Step 6:Â Open a bank account and start your business.
The whole process for one person company registration can be completed in a time span of just 20 days. All you have to do is reach out to Lawcify and complete the process with no delay.
Frequently Asked Questions
An OPC can be formed only by a natural person who is an Indian citizen and stayed in India for a minimum of 182 days in the immediately previous calendar year.
Time limit for filing INC-6 is 30 days in case of voluntary conversion and Six months in case of mandatory conversion.
As per Rule 3 of Companies (Incorporation) Rules, 2014 only a natural person who has attained majority and is an Indian citizen and resident of India in the previous calendar year can become a Nominee Director in an OPC.
Minimum one Director is required to incorporate an OPC. Further, the sole member can also become the first director of the Company till the member appoints any other director.
The OPC is required to file INC-4 in case of cessation of membership on account of death, incapacity or change in ownership. In the same form, the details of a new member are required to be mentioned.
Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in another company simultaneously.