How to get One Person Company (OPC) Registered
Finaxis helps you to register One Person Company in India in 3 simple steps.
DSC & DIN
We secure your business’s names and assist you in obtaining the DSC and DIN.
Drafting & Filing
We prepare and submit the paperwork needed for the OPC registration (MoA, AoA, PAN & TAN).
Post Registration
We assist you with the processes and compliances associated with post-registration.
Documents required for OPC Registration
The OPC’s director shall deliver digitized transcripts / copies of the relevant papers which are required for OPC registration:
- – PAN card or Passport
- – Passport, for NRIs and Foreign Nationals
- – Scanned copy of Driver’s License or Voter’s ID
- – Latest gas or electricity invoice/ Bank account Statement/ landline phone invoice
Specimen signature or impression
passport-sized photo.
Documents Necessary For The Registered Office.
- – Scanned copy of Current Bank Account Statement/Phone or Mobile or gas bill.
- – Scanned copy of Rental Agreement.
- – Scanned copy of N-O or No-objection Certificate from the concerned property landowner
- – Scanned copy of Property or Sale Deed (if the property is owned)
Why Choose Us?
Incorporation
Let our experienced team handle all your Business registration stuff so that you could get your Incorporation certificate quickly at lowest price.
Taxation
Proper tax planning is critical for every business. Don’t face unneeded fines by disobeying these guidelines when you first start out.
We assist you in managing the most critical parts of your business.
Project Report
Looking for loan on your business expansion or new idea struck your mind? We got you covered.
Accounting
Keep your business in check from the start so that you don’t have to suffer afterwards to trace out prior transactions.
Benefits of OPC Registration
Here are few benefits of OPC that you should know.
Limited Liability
In a private limited corporation, the directors’ personal possessions is always protected, regardless of the company’s liabilities.
Continuous Existence
When the proprietor dies, the sole proprietorship ceases to exist. Because an OPC business has its own legal status, it’d be passed on to the nominated director and thus continue to function.
Greater Credibility
Because an OPC must have its accounts audited on a yearly basis, it has more trustworthiness with suppliers and financial institutions.
Frequently Asked Questions
In recent times, the One Person Company (OPC) has been introduced as a suitable improvement over the sole proprietorship. In an OPC, a single promoter acquires complete control of the firm, limiting his or her responsibility for efforts to the organisation.
An OPC is a great choice to establishing a sole proprietorship since it limits the business owner’s responsibility. This implies that your responsibility is restricted to the extent you invested in the firm; commercial debts cannot be retrieved through personal property.
According to the Ministry of Corporate Affairs, OPC business registration may be performed only by Indian citizens, but only one at the moment.
All these firms are required to keep accounting records, to meet with statutory audit obligations, and to file tax returns and yearly reports with the RoC.
The capital requirements for an OPC and a private limited company are the same. It requires an approved capital of Rs. 1 lakh to start off, but nothing is required to be paid up front. This implies you don’t have to put any capital into the firm.
There are no universal benefits, although there are certain industry-specific benefits. Profits are taxed at a fixed rate of 30%, and Dividend Distribution Tax and Minimum Alternate Tax apply.
The MCA has reservations about putting a single individual in command of a major business. As a result, once a specific income threshold is reached, all OPCs must be transformed into private limited or public limited corporations.