Incorporation means the formation of a new company. The corporation may include a company, a business, a start-up, a non-profit organization, a micro, small or medium enterprise. MCA governs the corporate affairs in India under the Companies Act. 1956, 2013 and other related Acts, Rules, and Bills. MCA also offers many services to the company owners. The Ministry is mostly concerned with the regulation of the Companies Act,2013. It is also involved in the Companies Act, 1956, and Limited liability Act, 2008. One person company is managed by a single owner. One person company is operated by a single person who acts both as a director as well as the stakeholder. One person company has limited liabilities and serves as a separate legal entity.
Apply for Digital Signature Certificate: The First Step is to obtain the Digital Signature Certificate (DSC) of the proposed Director which required the following documents:
Apply for Director Identification Number: Once the Digital Signature Certificate (DSC) is made, the next step is to apply for the Director Identification Number (DIN) of the proposed Director in the SPICe Form along with the name and the address proof of the director. Form DIR-3 is the option only available for existing companies. It means with effect from January 2018, the applicant need not file Form DIR-3 separately. Now DIN can be applied within SPICe form for up to three directors.
Name Approval Application: The next step while incorporating an OPC ( One person company registration fees is low) is to decide on the name of the Company. The name of the Company will be in the form of “ABC (OPC) Private Limited”.
There are 2 options available for getting the name approved by making an application in Form SPICe 32 or by using the RUN Web service of MCA by giving only 1 preferred name along with the significance of keeping that name. However, with effect from March 23, 2018, Ministry has decided to permit two proposed Names and one re-submission (RSUB) while reserving Unique Names (RUN Service) for the Companies.
Once the name is approved by the MCA we move on to the next step.
Documents Required for OPC: We have to prepare the following documents which are required to be submitted to the ROC (Registrar of Companies):
a. The Memorandum of Association (MoA) which are the objects to be followed by the Company or stating the business for which the company is going to be incorporated.
b. The Articles of the Association (AoA) which lays down the by-laws on which the company will operate.
c. Since there are only 1 Director and a member, a nominee on behalf of such person has to be appointed because in case he becomes incapacitated or dies and cannot perform his duties the nominee will perform on behalf of the director and take his place. His consent in Form INC – 3 will be taken along with his PAN card and Aadhar Card.
d. Proof of the Registered office of the proposed Company along with the proof of ownership and a NOC from the owner.
e. Affidavit and Consent of the proposed Director of Form INC -9 and DIR – 2 resp.
f. A declaration by the professional certifying that all compliances have been made.
Filing of forms with MCA: All these documents will be attached to SPICe Form, SPICe-MOA, and SPICe-AOA along with the DSC of the Director and the professional, and will be uploaded to the MCA site for approval.
After uploading, Form 49A and 49B will be generated for the PAN and TAN generation of the Company which has to be uploaded to MCA after affixing the DSC of the proposed Director.
Issue of the certificate of Incorporation: On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.
Why registering a company is important
OPC has limited liability as it is a Separate Legal Entity. It can buy and sell property, The death, insanity, incapacity or insolvency of its shareholder/director does not affect the existence or business of the Company in any way.
The ownership in the case of the company is defined by the shareholding by the personnel involved. The ownership is in the hand of a sole member in the case of One Person Company and not divided with any other person.
If the single-member wants to transfer his entire shares in the company to another individual, all the provisions with respect transfer of shares will also apply. OPC is effectively a company that has only one shareholder as its member
One Person Company in rajasthan requires lesser compliances as compared to Private Limited Company or Public Limited Company or any other kind of business registration and no required of opc audit if your turnover below 40 lacs
Benefits of One Person Company-
Disadvantages of One Person Company-
Sent the required business details for opc registration and information on our E-mail.
Choose one of our packages and pay online with different payment modes available.
After Fee, we will then apply for Digital Signature Certificate and Director Identification Number.
We will then test your crowd repute availability and company name approval.
Our Team then make the Memorandum of Association and Article of Association .
We will file the Incorporation documents and get you certificate applying PAN and TAN.
PASSPORT SIZE PHOTOGRAPH
IDENTITY PROOF
DIGITAL SIGNATURE
ADDRESS PROOF OF BUSINESS
