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OPC (One Person Company) Registration "Venture-Care"

One Person Company is a new type of business entity that allows a single entrepreneur to operate a corporate entity with limited liability protection.

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OPC (One Person Company) Advantages

Limited Liability

The directors' personal property is always safe in a private limited company, no matter the debts of the business.

Single Owner Control

Complete control over the company by a single owner is a rare combination. This leads to fast decision making and execution.

Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.


Legal Entity

An OPC is a legal entity and a juristic person. It has wide legal capacity and can own property.

Limited Liability

The Directors or Shareholders of the company have no personal liabilities.

Lesser compliance

One Person Company (OPC) also gets freedom from complying with many requirements as normally applicable to other private limited Companies.

Continuous Existence

Sole Proprietorships come to an end with the death of the proprietor. As an OPC has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

SIMPLE & TRANSPARENT PRICING

"If you are not satisfied for any reason, we will refund your money minus the Government fees.
No questions asked"

Business Package


All inclusive fees

One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates and company kit.


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Executive Package


All inclusive fees

One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit and Logo Designing.


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Premium Package


All inclusive fees

One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit, Logo Designing and Trademark registration.

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DOCUMENTS REQUIRED FOR THE PROCESS

"Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company"

PAN card copy with Self attestation.

Latest passport size photo in jpg.

Copy of No objection certificate from the owner of the property.

If owned property, copy of Sale Deed and Electricity bill is sufficient.

Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.

Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.

Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.

For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.

In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.

FAQs

  • How to incorporate an OPC?

    After name approval, form INC-2 shall be filed for incorporation of the OPC within 60 days of filing form INC-1. Form DIR-12 shall be filed along with (linked) form INC-2 except when promoter is the sole director of the OPC. The company shall file form INC-22 within 30 days once form INC-2 is registered in case the address of correspondence and registered office address are not same.

  • Who is eligible to act as a member of an OPC?

    Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. "Resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.

  • Can an OPC converted into Private Limited Company?

    Yes, a One Person Company converts itself into a Private Limited Company as following: Voluntary conversion: When a One Person Company gets incorporated, it cannot convert itself to Private or Public company for a period of not less than two years from the date of incorporation. Means if you want to get converted voluntarily you have to wait for two years to over Compulsory Conversion: When a One Person Company has a paid-up capital more or equal to Rs 50 lakh or, the annual turnover for the relevant financial year exceeds Rs 2 crore, then in such conditions, the company has to compulsorily convert itself into Private Limited Company or Public Limited Company.

  • How do I choose the name of the Company?

    Select a unique name and ensure that company name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if your first is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC and also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, technosoft, IT consultancy.

  • Is there a need for a nominee?

    A nominee is a next of kin for an OPC. A nominee becomes the shareholder in case of death / incapacity for the original share holder. A nominee has to be a resident Indian citizen.

  • What are the documents required for One Person Company?

    The documents requirements are as follows: For Directors and Nominee: Pan Card ID proof- Any one (Voter ID/Aadhar Card/Driving License/Passport) Address Proof- Any one(Electricity Bill/Telephone Bill/Mobile Bill/Bank Statement).

  • Can an NRI / Foreign National be a director in a One Person Company?

    No, an NRI or Foreign National cannot be a Shareholder in a one person Company.

  • Can a Salaried person become the director in a One Person Company?

    Yes, a salaried person become the director in a One Person Company , there are no legal bondages in this but you have to go through with your employment agreement if it contains any restrictions on doing so.

  • How long is the company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

  • Is an office required to open a company?

    No, you can open a company on your residential address there is no requirement to have a commercial place to open up a company.

  • What are the documents required for the Registered Office Address?

    Rent agreement along with latest rent receipt (in case the premises are rented) House tax receipts (in case premises are owned) Electricity bill NOC from the Owner (Format will be shared once your company name approved).

  • How is OPC formed?

    A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days. Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.

  • How is filing for incorporation done?

    One name must be selected for the company after referring to the MCA Name and Trademark database. Incorporation names are prepared and filed based on the selected name.

  • How long is the incorporation of the Company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

  • What is a Digital Signature Certificate?

    A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.

  • What is Director Identification Number (DIN)?

    Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

  • How many people are required to incorporate a One Person Company?

    To incorporate a One Person Company, a Director and a nominee is required. A nominee member is one, who shall, in the event of promoter member's death or incapacitation become a member of the Company.

  • What are the requirements to be a Director or Nominee in a OPC?

    Only a natural person who is an Indian citizen and a resident in India is eligible to incorporate a One Person Company or be a nominee member. The Director or Nominee must also be over 18 years of age. A person can incorporate up to five One Person Companies.

  • What is the capital required to start a One Person Company?

    One Person Company can be started with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs 1 lakh [Authorized Capital Fee] during the incorporation of the OPC. There is no requirement to show proof of capital invested during the incorporation process.

  • Is an office required for starting a One Person Company?

    An address in India where the registered office of the One Person Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

  • How to inform RoC about change in membership of OPC?

    The company shall file form INC-4 in case of cessation of member of OPC on account of death, incapacity to contract or change in ownership. In the same form, user needs to provide details of the new member of the OPC.

  • Is there any threshold limits for an OPC to mandatorily get converted into either private or public company?

    In case the paid up share capital of an OPC exceeds Rs 50 lakh or its average annual turnover exceeds during the relevant period exceeds Rs 2 crore, then the OPC has to mandatorily convert into private or public company.

  • How to intimate RoC that the OPC has exceeded the threshold limits and require conversion into private or public company?

    The OPC shall inform RoC in form INC-5, if the threshold limits is exceeded and is required to be converted into private or public company.

  • What is the time limit for filing form INC-5?

    Form INC-5 shall be filed within sixty days of exceeding threshold limits.

  • Is there any form that is to be filed for conversion of an OPC into private or public company? Is there any other purpose for filing this form?

    Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company. Yes, the private company will also file form INC-6 for converting itself into an OPC. The paid up share capital of private company should not be exceeding fifty lakh rupees and should not have average annual turnover more than two crore rupees at the time of such conversion into OPC. The company shall be having one member and shall appoint one nominee to act as member in case of death or incapacity of the member at the time of conversion into OPC.

  • What is the time limit for filing form INC-6?

    Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.

  • A person can be a member in how many OPCs?

    A person can be member in only one OPC.

  • What about taxation?

    Since nothing has been specified, it is assumed that the rates of taxation applicable for a private limited company shall apply to a One Person Company. Net profits, which are calculated by deducting all allowable expenses from the turnover of sales, shall be taxable at the rate of 30 percentage + education cess.

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