The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One Person Company (OPC) offers the benefit of Proprietorship and Limited Liability to the shareholder/ owner. While only one person is required to operate an OPC, a nominee Director has to be nominated in case of any exigency.
Application for DSC
DSC (Digital Signature Certificate) should be applied under the name of the applicant, which is mandatory to file for the company registration records. Our agents would guide you through the process of submission of a few scanned documents; after which we will file the form and put it online for submission.
Registration for Certificate of Incorporation
Post submission of the application for DSC, we would require your Business Name and the supporting documents for the same. Based on the documents received, we will file SPICe i.e. INC-32 and the Memorandum of Association (MOA) and the Articles of Association (AOA). The Certificate of Incorporation will be processed and approved after the completion of this process.
For the registration of PAN/TAN, we would require you to send the hard copies of the relevant documents based on which we would file an online application of the same. Post the processing, the TAN and PAN will be dispatched to you to your registered office address only within 21 business days.
As per the specifications of the Ministry of Corporate Affairs, an Indian resident can register an OPC, and that, too, only one at a time.
For registration of an OPC, an authorized capital of Rs. 1 lakh is required to begin with, but none of this actually needs to be paid-up. This means that you don’t really need to invest any money into the business.