One Person Company Registration in Patna

Overview of One Person Company Registration in Patna, Bihar

One Person Company Registration (OPC Incorporation ) in India is one of the easiest types of company entities to handle in case you're a single proprietor running the business. OPC is a hybrid of Sole-Proprietorship and Company types of business. It has been equipped with numerous concessions in compliance necessities underneath the Firms Act. It's a type of company the place the compliance necessities are lesser than a Private limited company. OPC registration is a really fast, easy, and affordable registration.

In the year 2013, the one-person company (OPC) structure was launched for the primary time as a refinement of the only proprietorship agency construction. In an OPC, a single promoter will get full management of the business, limiting his or her accountability for the company's contributions.

Our One Person Company Registration in Patna package

• Company Name Verification
• Digital Signature Certificate (DSC) for Director/Shareholder.
• Director Identification Number (DIN) for directors.
• Corporate Identification Number (CIN)
• Company PAN and TAN
• MOA and AOA
• Bank Account Opening Document
• Employees' State Insurance Corporation Registration (ESIC)
• Employees' Provident Fund Registration (EPFO)
• GST Registration (Condition Apply)
• Visiting Card
• Later Head

One Person Company Registration in Patna, Bihar

One Person Company (OPC) is fashioned when just one particular person serves as each the director and the shareholder of the business. Underneath the provisions of the Companies Act of 2013, this idea was launched for the first time. Moreover, an OPC is a kind of sole proprietorship agency within the type of a company that provides a single particular person final authority over a business while limiting his liabilities and obligations.

Moreover, a company with just one particular person as its director and member shall be categorized as a One Person Company (Firm) (OPC) under part 2 (62) of the Firms Act, 2013.

A company might be fashioned with only one Director and one member, in response to Part 2 (62) of the Firm's Act 2013. In India, One Person Company ( Firm) registration is a kind of entity with fewer compliance necessities than a Private Limited Company.

One Person Company Registration Process

Registering a one-person company is simple and reasonably priced by Expert Registration.

In contrast to private limited companies, you don't want to arrange two or extra people for company directorship.

Registering One Person Company is fast, easy, and might be carried out online with a few simple steps:

Step 1: Seek the advice of our advisors who will inform you through checking eligibility and paperwork requirements

Step 2: Our staff will help you find unique company names out there on the MCA data

Step 3: We help you make use of for DSC & DIN of the director

Step 4: Our professionals shall prepare all essential ROC types such as MOA, AOA, Spice, DIR, COB, and so on) and file them before the Ministry of Corporate Affairs [MCA]

Step 5: Ship your Certificate of Incorporation, PAN, TAN, and all different vital paperwork

Why You Should Choose One-Person Company Registration?

One Person Company Registration provides numerous advantages beyond sole proprietor company. The legitimacy of your small business agency is enhanced by having a registered company underneath MCA. It assists your small business with the following methods:

• A single proprietor can incorporate a company
• In contrast to a Sole proprietor company, Your company identity is safe and can't be copied by others
• Very Fewer compliances
• Limited liabilities of its director
• Easy to take Bank loans or Credit
• Very Fewer Earnings Tax Charge as examined to a sole proprietor
• No intervention from any third person might be concerned
• Ownership is easily transferable to a nominee in case of the demise of the proprietor

Eligibility for One-Person Company Registration

Indian Citizenship -The Director / Shareholder of the company has to be an Indian citizen and a resident of India. Must remember that NRI or Foreign Nationals can't do OPC registration in India.

Age -Before One Person Company registration, the proprietor should attend the age of 21. Minor can't function as its member.

Nominee -During the OPC Incorporation, the promoter should select and provide KYC of particulars of a nominee.

Minimum Capital -One person company doesn't require any minimum capital. You may incorporate an OPC by Rs.1/- paid up capital. Nevertheless, an OPC has to be registered with a minimal licensed capital of Rs. 1 Lakh.

Unique Company Name -Your organization's identity has to be distinct and distinctive. The recommended firm identity shouldn't be much like any present registered Indian corporation or logo.

Benefits of One-Person Company Registration

There are numerous causes to register what you are promoting as One Person Company:

• Director's Personal Property Has Limited Liability Protection
• Very Simple to boost loans and overdraft limits with a better picture and popularity out there
• No involvement of outsiders third party
• Comparatively low revenue tax charge compared to sole proprietor agency
• When in comparison with different company types of business, compliance is lesser

Paperwork Required for OPC Registration

Document of the Firm’s Director

• Photograph
• PAN
• Aadhar
• Address Proof Financial institution Assertion, Electrical energy Invoice, Phone Invoice, Cell Invoice. (Anybody, not older than 2 months).
• Proof of Id - Driving License, Voter ID card, Passport (Anyone).

Proof of the Company's Registered Workplace Deal with

• Newest electricity invoice/bill OR another utility invoice/bill within the identity of the proprietor
• Lease agreement b/w proprietor & company promoter OR NOC from Proprietor (if the proprietor is the corporate's promoter)

Step-by-Step Process for Online One Person Company Registration [OPC Incorporation Registration]

Your complete process, including the approval of the DIN, company name, and incorporation, takes roughly 7-10 working days. Nevertheless, creating an OPC company registration process is now a fast course, which permits all paperwork to be loaded right into a single online platform. Our professionals will inform you through all the means of OPC Registration.

• Confirm eligibility and paperwork
• Apply for the DSC & DIN of the director
• Apply for company name reservation
• Draft Business Goals
• Put together Company incorporation documents such as MoA, AoA, DIR & others
• Share it with you for approval.
• File Spice+ form for firm incorporation
• File for Company registration forms
• Apply for PAN and TAN of OPC Incorporation
• Wait for application Approval

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