OPC Company Registration with Practors AI
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One Person Company (OPC) registration is a unique business structure introduced under the Companies Act, 2013 in India. It allows a single individual to operate a company with limited liability. OPC is ideal for solo entrepreneurs who want to maintain complete control over their business while enjoying the benefits of a corporate structure. This form of business not only provides limited liability protection but also facilitates easier compliance and management.
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Registering a OPC with Practors AI
6K+ reviews
One Person Company (OPC) registration is a unique business structure introduced under the Companies Act, 2013 in India. It allows a single individual to operate a company with limited liability. OPC is ideal for solo entrepreneurs who want to maintain complete control over their business while enjoying the benefits of a corporate structure. This form of business not only provides limited liability protection but also facilitates easier compliance and management.
Ravi shankar
Ajay Singh
Chartered Accountant
11+ years of experience *
330 +
Top 1%
CA’s,Secretaries
97%
Process of OPC's Registration
Initial Consultation
Schedule a consultation with our experts through the Practors AI platform to discuss your business requirements and objectives.
Document Collection
Gather necessary documents (see below) to initiate the registration process.
Name Reservation:
The team will assist you in choosing and reserving a unique name for your company.
Drafting of Documents:
CAs and Company Secretaries will prepare all required documents, including the Memorandum of Association (MOA) and Articles of Association (AOA)
Filing with ROC:
Submit the registration application and necessary documents to the Registrar of Companies (ROC) for approval.
Obtaining Certificate of Incorporation:
Once approved, you will receive your Certificate of Incorporation, marking the official establishment of your private limited company.
Post-Incorporation Compliance:
The team will guide you through post-incorporation requirements, such as obtaining a PAN, GST registration, and more.
Benefits of Hiring Practors AI
Our platform solves sourcing, vetting, and onboarding challenge for businesses and connect them with the top 1% of talent in a day by deploying top notch team for incorporations.
Expert Guidance:
With a dedicated team of qualified professionals, you receive expert advice tailored to your specific business needs.
Time Efficiency
Automating various aspects of the registration process saves time, allowing you to focus on your core business activities.
Cost-Effective Solutions:
Competitive pricing through an AI-driven platform ensures you receive value for your investment.
Compliance Assurance:
Experienced CAs and Company Secretaries ensure all regulatory requirements are met, minimizing the risk of future legal complications.
Key Features of OPC's
- Single Ownership: OPC allows a single individual to be the sole owner and director.
- Limited Liability: The owner’s liability is limited to the amount of capital invested in the company, protecting personal assets.
- Perpetual Succession: The OPC continues to exist independently of the owner’s status, ensuring business continuity.
- Easier Compliance: Fewer regulatory requirements compared to private and public companies.
- Tax Advantages: OPCs enjoy lower tax rates on profits, enhancing financial benefits.
- Flexible Ownership Transfer: The ownership can be easily transferred to the nominee or other individuals in case of the owner’s demise.
Advantages of OPC's Registration
- Complete Control: The sole owner has full authority over decision-making without the need for board approval.
- Simplified Management: OPCs have fewer compliance requirements, making management easier.
- Access to Funding: OPCs can raise capital through loans and investments, supporting growth.
- Tax Efficiency: Lower tax rates and benefits available for corporate structures.
- No Minimum Capital Requirement: There is no set minimum capital needed for registration.
OPC Registration Process
- Obtain Digital Signature: The first step is to obtain a Digital Signature Certificate (DSC) for the sole member.
- Name Reservation: Submit the proposed company name for approval through the RUN (Reserve Unique Name) service on the Ministry of Corporate Affairs (MCA) portal.
- Prepare Documents: Gather and prepare all necessary documents, including MoA and AoA.
- Filing for Incorporation: Fill out the SPICe+ form (Simplified Proforma for Incorporating Company Electronically) and submit it along with required documents to the MCA.
- Payment of Fees: Pay the prescribed registration fees through the MCA portal.
- Certificate of Incorporation: Upon approval, the Registrar of Companies (RoC) issues the Certificate of Incorporation, officially establishing the OPC.
Documents Required for OPC Registration
To register an OPC, you will need the following documents:
- Identity Proof: PAN card, Aadhar card, or passport of the sole member.
- Address Proof: Utility bill, rent agreement, or property deed as proof of the registered office.
- Photograph: A recent passport-sized photograph of the sole member.
- Consent Form: A declaration that the company is being registered as an OPC.
- Memorandum of Association (MoA): Outlining the company’s objectives.
- Articles of Association (AoA): Defining the rules for the company’s governance.
- Digital Signature Certificate (DSC): For the sole member, if required for online registration.
The Deliverables
Upon successful registration of your OPC, you will receive:
- Certificate of Incorporation: The official document certifying the existence of your company.
- PAN and TAN: Permanent Account Number and Tax Deduction Account Number for tax purposes.
- MoA and AoA: Official copies of the Memorandum and Articles of Association.
- Company Registration Number (CIN): A unique identification number for your company.
- Business Profile: A detailed profile of your business for reference.
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