ONE PERSON COMPANYREGISTRATION

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Private Company Registration

What is One Person Registration?

According to the company act 2013, a one-person company has also been introduced. It is a new approach because not every person has 2 directors and 7 members at minimum. In a private limited company, this is the major requirement. But right now, according to section 2 (62), a person is all set to form a company with a single director and member. The compliance requirements are quite less as compared to a private company. The members of the company will be the subscriber's shareholders and memorandum of association. Only one stakeholder will be a member. These are created when there is only one founder of the business and a person is not looking forward to expanding it to multiple people at the same time. Entrepreneurs who have an interest in organizing their own business solely look forward to it.

One person company registration process in India:

Step 1: Apply for a digital signature certificate:

Digital signature certificate is the primary requirement of the director of the company. For acquiring the DSC Address proof, PAN Card, photo, email id, phone number, and Aadhar card are important.

Step 2: Apply for director identification number or DIN:

Director identification number is important because it is mandatory to mention in SPICe. It will be issued to the director of the company along with their name. Form in case of OPC needs to fill is DIR-3 but for the existing companies only. If it is not available, then they need to get it to fill out the SPICe form.

Step 3: Name approval application:

Approval of the Name of the company because it is important for the registration as along with the company name OPC private limited will be mentioned. A user can get it approved either through Form SPICe 32 or with the help of RUN web services of MCA. They provide only one preferred name along with the significance, and a user needs to keep it the same throughout. They are not supposed to choose it. The Minister of corporate affairs decided that a user will get to propose names and can choose any of them. Reserving unique names for the companies is important for registration. When the MCA approves the name, a user is all set to move to the next step.

Step 4: Filing of forms with MCA company registration:

Now fill out the forms which are required for company registration, including the SPICe form, SPICe- AOA, and SPICe-MOA. After Filling out the Forms Completely Along With DSC AND DIN, upload them to the site for confirmation. Form numbers 49A and 49B will be generated, which a user needs to fulfill. These are important for the PAN and TAN generation of the company.

Step 5: Certificate of incorporation

A certificate of incorporation is a legal certificate that has all the information of the company or corporation. The formation of the company is also mentioned and will be issued by State Government along with some jurisdictions. Some non-governmental entities are also there, which has a major contribution towards it. On authentication, the registrar of companies will come up with a certificate of incorporation, and after that, a user is all set to begin the business.

Step 6: Bank Account

Open your bank Account and Launch your business.

Benefits

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Requirements

Minimum three directors
Minimum seven shareholders
At least one director should be from India
no capital requirement

Documents Required

PAN CARD

Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled

PHOTOGRAPH

Updated Passport size photos of all Participators / Shareholders and Directors.

IDENTITY PROOF

Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.

ADDRESS PROOF

Updated Electricity Bill/ Telephone Bill / Bank Account Statement of all Shareholders & Directors.

FOR REGISTERED OFFICE

Rent agreement

Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

GST Registration

Trademark/Patent Registration

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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