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What is an OPC and How to register it in India?

One Person Company is one of the best types of enterprises for those individuals who do not like to work under others. GSB Infotech Business Solutions (LLP) is a large team of experts offers the best legal advisory services in all over India. Find the complete solutions for your all queries under one roof. Ask the leading experts.

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What is an OPC and How to register it in India?

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  1. What is opc (one person company)

  2. One person company • One-person company is the best enterprise for those individuals who do not like to work under others and are looking for the benefits of the private limited company. • One Person Company (OPC) registration can be done by a single person and it is jusristic and liability of members is limited to their shares. • OPC gives a single director to enjoy full control over the business.

  3. Advantages of Opc

  4. Continuity of existance • The life of an OPC business is not affected by the status of shareholders and even after the death of the shareholder, the One Person Company continues to exist, that is why single business owners benefit from the registration of a One Person Company.

  5. credibility • OPC books & accounts audited annually, it has greater credibility among vendor, customers, employees and bakers.

  6. Single promoter • One Person Company registration can be started and operated by a single promoter which provide full control over the business of a single person.

  7. Limited Liability • Liability of directors of One Person Company is limited to their shares. That means if the company, suffers from any loss and faces financial crisis then the personal assets of share holder / member / director will not be at risk of being seized by bank, creditors and government.

  8. Opc registration process

  9. Apply for dsc • Digital Signature Certificate (DSC) : Directors of the one person company should have a digital signature which will be used to file the OPC registration, ROC compliance forms, and Tax returns.

  10. Apply for din • Digital Identification Number (DIN) : When a Digital signature is approved, and you will get an approval email from the registrar of companies that you are now eligible to be a director of an OPC company. It takes 1-2 working days to approve DIN as per One Person Company registration procedure.

  11. Name reservation • After DIN, Allotment we will proceed to file a Name approval application to ROC on your behalf.

  12. Final incorporation and cin • After name endorsement from the registrar of companies, we will record the OPC enrollment structure with every single supporting report. Enlistment centre of companies takes 3 working days to finish the endorsement procedure of an OPC organization.

  13. Documents required

  14. PAN card of director • Address proof of director • Passport size photograph of director • Address proof of business premises • Utility bill of business premises

  15. Thank you GSB INFOTECH BUSINESS SOLUTIONS (LLP) Call Us : +91 8586806283 Mail Us : support@gsbtaxation.com Website : www.gsbtaxation.com

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