One Person Company Registration One Person Company is a separate legal entity that holds a perpetual succession. As per the abidance and regulatory rules and guidelines of the Ministry of Corporate Affairs (MCA), it's required to use for One Person Company Registration Online under the Companies Act, 2013. One Person Company (OPC) is an entity that can be organized with only 1 owner, who can act as both the shareholder as well as a director of the company. What is OPC or One Person Company? OPC or One Person Company may be a sort of company formed by one one that is that the director and owner of the corporate . According to the Company’s Act, 2013, One Person Company Registration in India is a type of sole proprietorship business structure in the form of a company that provides complete authority to the owner to run the business as limiting his duties and financial liabilities for the business. Advantages of One Person Company Single shareholder A single shareholder who also can be the only director can start an OPC. Separate Legal Identity OPC gets the status of a separate legal entity. Fewer rules and compliances OPC has got to suits fewer rules and regulations in comparison to other sorts of companies. Limited liability The sole shareholder gets to enjoy the indebtedness feature of a corporation . No minimum capital required No minimum capital is required to start out an OPC. Documents required for OPC Registration The director of the OPC should submit the scanned transcripts/ copies of the subsequent documents mandatory for OPC registration- • PAN card or Passport • Passport, for NRIs and Foreign Nationals • Scanned transcript of Driver's License or Voter’s ID • Updated gas or electricity invoice/Bank account Statement/Mobile or landline phone invoice • Specimen signature or impression • passport-sized photo • Please Note: the primary 3 documents should be self-attested by the OPC director. All the documents for a far off national or an NRI must be notarized (if residing in India or a non-Commonwealth country at present) or apostilled (if living during a Commonwealth country at present). Eligibility Criteria for OPC Registration • The following are the eligibility guidelines for OPC Registration in India. • Only an individual who may be a citizen of India and resident in India. Resident in India refers to a person who had lived in India for a time not less than 182 days in the preceding year • Legal entities like companies or LLP cannot join an OPC. • A nominee must be selected by the promoter while the incorporation. • The least authorized capital must be Rs 1 Lakh. • An OPC is restrained from operating a minor as its member. • If an OPC crosses a turnover of over Rs 2 crores or has a paid-up capital of more than Rs 50 lakhs. It must be converted into a personal or public within 6 months. • At least 1 Shareholder/Nominee/Directors Documents Necessary For The Registered Office • Scanned transcript of Current checking account Statement/Phone or Mobile Invoice/Gas or Electricity Invoice) • Scanned transcript of Rental Agreement written in the English language • Scanned transcript of N-O or No-objection Certificate from the concerned property landowner • Scanned transcript of Property or Sale Deed printed in English (if the property is owned) What is the Procedure for Registering One Person Company? For OPC Registration, An Applicant Shall Follow The Requisite Steps- Step-1- To Get A DSC For registration, it's required for the applicant to urge a Digital Signature Certificate (DSC) issued by the Certifying Authority. Step-2- Reservation Of Name Through SPICe+ FORM (Part A) For Name reservation, click on the ‘SPICe+’ Form placed under ‘MCA Services’ The name reservation is completed through the SPICE+ form that has all the steps right from the Name Reservation to post-incorporation compliances. The applicant has got to enter the name he/she wants to order , for the incorporation of an OPC Registration. After that, submit the ‘Part A’ for reservation of name and incorporate formalities. Step 3-Downloading SPICE+ Part B For Incorporation Purpose The very next step is to download Part B in PDF format for filling the related forms, which are as follows:- • AGILE-PRO, • SPICe+AoA, • SPICe+MoA, • INC-9 and URC-1) and for affixing the “DSC,” SPICe+ Part B Includes The Services Like: - • Incorporation • DIN allotment • Issue of PAN and TAN • Issue of EPFO registration and ESIC registration. • Issue of Profession Tax registration (Maharashtra) • Particulars of Opening the Bank Account for the Company, • Allotment of GSTIN. Step 4- Uploading Part B On The MCA Portal After filling all the requisite details along with the documents, the next step is to submit SPICE+B on the MCA portal. Once SPICe+ Part B is submitted, other forms (AGILE-PRO, SPICe+ AOA, and SPICe+ MOA) also will become available. Also, INC-9 are going to be auto-generated supported the knowledge filled in SPICe+ Part B. After successful submission of those forms, these are often downloaded, and DSC are often affixed within the respective form. Lastly, the above forms are often uploaded within the below-mentioned sequence- SPICe+ Part B , SPICe+ MOA, SPICe+ AOA, AGILE-PRO, INC-9. Step 5-Pre-Scrutiny Check After uploading the shape , subsequent step is to travel for a ‘Pre-scrutiny’ check. After pre-scrutiny, the applicant must click on the Confirmation button for the successful submission of the appliance form. Step 6-Payment Of The Requisite Fees After a successful pre-scrutiny check, a Service Request Number are going to be generated for creating a payment of a requisite fee for “OPC incorporation.” Step-7-Obtaining COI From The Registrar The registrar will issue a Certificate of Incorporation if the registrar finds the information along with the documents is appropriate.