All the things you need to know
(OPC) open person company in India is probably one of the demanding and simplest kinds of corporate entities to govern. OPC is a half-breed of corporate type of business and Sole-Proprietorship. This form of corporate entity has been given different concessions in various compliance prerequisites under the Companies Act. It is a type of organization where the compliance prerequisites are much lower than a privately owned business. OPC enrolment is extremely simple and does not put a hole in your pocket.
OPC Registration is a great way of doing business in India as it opens up new business opportunities for sole owners and business visionaries of India who likewise wish to enjoy the benefits of a limited company, and a different lawful company as well. OPC does away with the problems of tracking down the right partner for setting up a business as the enrolled entity. It requires just a single individual who will go about as an investor, owner, director, and shareholder.
How to register a CPC in India?
Nowadays, organization enlistment processes and other administrative filings are mostly paperless and online; documentation is done electronically through the MCA site and is handled and processed at the (CRC) Central Registration Centre.
The organization Registration process is done totally on the internet After finishing all enlistment formalities and documentation, the Registrar of Companies issues a digitally marked Certificate of Incorporation (COI). Electronic certificates provided by the Indian Ministry can be checked by all stakeholders on the MCA site itself.
The process for incorporating an organization is systematic and consists of a course of collection and submission of many details needed as per the necessities of Companies Act 2013 and according to the process defined by the Ministry of Corporate Affairs every now and then. The management of the process needs top-notch information on lawful requirements and also, practical experience of something alike.
Things to keep in mind while you are applying for the OPC registration?
One shareholder + One director + One Nominee - A One Person Company(OPC) can just have one investor. It should have at least one director also. An OPC likewise needs to designate a nominee as well.
Unique name - The name of your business should be one of a kind and unique. The chosen name ought not to match with any current organizations, trademarks, or brand names in India. for checking the proposed name and brand name, you can contact us or visit hokissolutions.com
Minimum capital Requirement - There is no minimum paid-up capital sum limit for incorporating an organization. An organization ought to have an approved capital of at minimum Rs.1 lakh.
Need for registered office - The office registered of the incorporation doesn't need to be a business or a commercial space. Indeed, even a rented house can be used as a registered office but need to make sure that NOC is received from the landowner.
List of documents required for the OPC registration in India
The following are the documents required for each directors or the shareholders and nominees:
Address proof and Identity proof:
- - Scanned copy of Passport (NRIs and foreign nationals) and PAN Card
- - Scanned copy of Passport/Driver’s license/ Voter’s ID card
- - Scanned copy of the latest mobile or telephone bill/ Bank statement/ Gas or electricity bill
- - Scanned passport-sized photo/ specimen signature (Blank document with director’s signature only)
Registered Office proof
For OPS registration in the country, the company must have a registered office. To provide the proof of registered office, a recent copy of the property tax receipt, electricity bill, or water bill must be submitted along with the rent deed and a letter from the landlord with his/her agreement of using the space as the registered office should be deposited.