Online Legal Services Platform for one individual organization enrollment, joining of the OPC. One Person Company (OPC) can be shaped with a solitary proprietor, who goes about as both the chief as well as an investor of the organization.
sending progression. According to the abidance and administrative principles and rules of the Ministry of Corporate Affairs (MCA), it is expected to apply for One Person Company enrollment online under the Companies Act, 2013.
OPC Company is a substance that can be coordinated with just 1 proprietor, who can go about as both the investor as well as ahead of the organization.
OPC Company is an element that can be coordinated with just 1 proprietor, who can go about as both the investor as well as ahead of the organization.
Another idea in firing up an organization has been presented by the Companies Act 2013 and the idea named as One Person Company.
According to Section 2(62) of the Companies Act, One Person Company is an organization claimed and run by a solitary individual who will assume the part of both investor and overseer of the organization at the same time.
One Person Company Registration in India has lower abidance when contrasted with a Private Limited Company.
What is OPC or One Person Company??
OPC or One Person Company is a kind of organization shaped by a solitary individual who is the chef and proprietor of the organization.
As per the Company’s Act, 2013, OPC Registration in India in India is a kind of sole ownership business structure as an organization that gives total position to the proprietor to maintain the business as restricting his obligations and monetary liabilities for the business.
Advantages of One Person Company Registration
A large portion of the business workforce pick a Private Limited Company to enroll in due to its selective potential benefits yet the secret truth is OPC Registration can offer them better open doors and elite benefits with exceptionally less consistence.
Following are a portion of the advantages of One Person Company Registration in India
Restricted Liability
OPC Company Registration gives you more chances to face challenges, research, and investigate better business amazing open doors with next to no tension of shedding on any private property.
In this manner, the one-man organization is a suggested choice for the new, youthful and creative business visionaries.
Presence Continues
The single individual organization will reach a conclusion with the demise of the proprietor or owner while on account of an OPC organization, it has a different legitimate character and it would continue to the candidate chief and, thus, the organization keeps on existing.
More prominent Credibility
A business that is possessed by one individual requires to have its records inspected every year, which thus has more noteworthy validity and credibility among dealers and loaning foundations.
Ease In Funding
Like a private restricted organization, One Person Company can likewise raise its asset through private backers, monetary establishments, investments, etc. A-One Person Company can likewise update itself into a Private Limited Company to raise its assets from outside.
Enlistment With Least Requirements
No sort of organization can beat OPC with regards to the enrollment interaction as it very well may be finished with the least prerequisites.
Advantages Of Small Scale Industries
An OPC can utilize every one of the advantages proposed to limited scope ventures like simple speculation without saving security to specific levels, monetary assistance or advances at lower loan costs, benefits under unfamiliar exchange strategy, and a lot more on the rundown.
These are a portion of the significant benefits that assume an imperative part in the advancement of the organization in its beginning days.
What is the Eligibility Criterion for Obtaining OPC Registration in India?
For OPC Registration the candidate needs to satisfy the accompanying contemplations:
The candidate should be a resident of India can begin a Person Company and he/she ought to remain in India for no less than 182 days going before one year.
In the event that the turnover furthest reaches of One Person Company surpasses Rs 2 crores, the organization must be redesigned into a Private restricted or a Public Limited organization inside a half year of time term.
Also, read: limited liability partnership
For OPC Registration You Have To Fulfill The Following Conditions:
Just an individual who is a resident of India
Can consolidate and OPC
Can be a candidate for the individual from the organization
He/She ought to remain in India for something like 182 days from the earlier year.
In the event that the turnover furthest reaches of OPC surpasses Rs 2 crores, it must be transformed into a Private restricted or a Public Limited organization inside a period length of a half-year
Notable Features of One Person Company Registration
New Concept
OPC is another idea administered by the Ministry of Corporations under the Companies Act, 2013.
One Shareholder
It requires just a single investor to layout a Person Company in India. The investor more likely than not remain in India for the base time of 182 days, henceforth should be an Indian occupant.
An Immediate Nominee
However, the organization can be begun with a solitary individual there should be a chosen one who can assume the liability of the investor in outrageous instances of death or inadequacy. The chosen one should be an Indian resident and needs to give his/her assent as a candidate of the OPC investor. Under OPC registration an organization behaves like a different lawful element.
One Director
A private restricted organization requires a base number of two chiefs while a public restricted requires 7 yet OPC can be framed with at least one chief who himself can be the investor and proprietor of the organization. An OPC can choose the most extreme number of 15 chiefs.
Fewer Compliances
According to the demonstration, one individual organization can be shaped with one single part and the chief, subsequently, has less consistency when contrasted with a private restricted organization.
Separate Legal Entity
Very much like private and public restricted organizations, OPC is additionally a different legitimate substance.
Restricted Liability
Under Person Company enrollment, an organization appreciates benefits with the restricted obligation of its chiefs as per which their individual resources and assets can’t be utilized to bring about the obligation of the organization.
Enrollment Procedure of One Person Company in India
One Person Company enrollment is an internet-based cycle and done by the arrangements of Companies Act, 2013.
Following are the stepwise methodology to enlist OPC on the web:
Applying for DSC or Digital Signature Certificate
Applying for DIN or Directors Identification Number tends to be documented with the SPICe+ structure.
Choosing a special name for the organization and getting the organization’s name endorsement
Re-checking every one of the archives and confirmations before accommodation, for example, address verification, ID evidence, and so forth
Submitting of utilization structure alongside completely required reports
Acquiring PAN and TAN for the organization utilizing Form 49A and Form 49B.
Opening another financial balance for the organization.
After every one of the reports and structures is checked by the specialists, the Registrar of Companies would concede a declaration of Incorporation which contains the CIN number.