OPC is a business established by a single person. It must have at least three directors, and at least two shareholders to create a business. A sole proprietorship is an ideal option for anyone who is looking to establish an enterprise. One person is not able to create a company before 2013. Let’s find out more about the OPC registration process.
The process for registering an OPC is as follows:
Below are the necessary steps to follow for registration for an OPC for India.
Step 1: Apply the DSC
In the first place of OPC registration online, you must acquire first the Digital Signature Certificate (DSC) that the director you are aspiring to needs to have.
- Address evidence
- Aadhaar card
- PAN card
- Email ID
- Telephone number
Apply for DIN
Once the Digital Signature Certificate has been issued, it’s now time for you to request the Director Identification Number (DIN) for the prospective Director on the form SPICe, together with the Director’s name and evidence of address. DIN is now available on the form SPICe for up to three directors. Only companies that are already in existence can utilize Form DIR-3. In addition, this implies that applicants do not require filing Form DIR-3 on their starting on January 1st, 2018.
Step 2: Signify your Name
You will then need to select your company’s name following the time you’ve created and registered an OPC. The name of your company should become “XYZ (OPC Private Limited.”
The Form SPICe+32 applicability can be approved for the name. The application for Form SPICe+32 can only accept one name, and also the reason to retain it. Additionally, you may make another SPICe+32 application if the first name you submitted is rejected.
We will move on to the next step when the MCA has accepted the name.
Step 3: Documents Required
The following documents need to be completed and submitted to the ROC for one person company registration.
The Memorandum of Association (MoA) sets out the company’s goals as well as the business plan for that Company will be integrated.
Furthermore, the Articles of the Association (AoA) define the rules and regulations under which the Company is operating. Since there is only an individual Director and only one Member. The nominee needs to be identified. If the Director dies or becomes incapacitated and unable to perform his duties, the nominee would assume his place and carry out the Director’s tasks. Along with his PAN card and Aadhar Card, their permission to sign Form INC-3 is obtained.
The evidence to prove the registration office for the proposed company as well as proof of ownership. an NoC (notarized replica) by the proprietor.
Confirmation and Declaration of Director Proposed on Formula INC-9 as well as DIR2 respectively. The professional must be required to sign a document certifying all requirements were observed.
- Filling out forms using MCA
The documents will be submitted together alongside the SPICe form, SPICe forms, SPICe MOA, and SPICe AOA along with the DSC and professional, and then added to the MCA site for approval. In addition, the company’s Pan Number and TAN are automatically generated when you incorporate the company. It is not necessary to make distinct applications to obtain the Pan Number and the TAN.
Step 4: The Issuance of the certificate of incorporation
Following confirmation after confirmation, following confirmation by the Registrar of Companies will then issue a Certificate of Incorporation. Then, we can begin our company.
Checklist to Register OPC
The minimum and maximum number of participants.
- Before the incorporation process, an individual must be selected.
- In the form INC-3, the person who is requesting to be named as the nominee is required to provide consent.
- The Companies (Incorporation Regulations) 2014 specify that the title of the OPC must be in line with the regulations.
- Capital Minimum of Rs.1 Lakh
- DSC of the Director suggested.
- The OPC has to be able to show proof that they have an office registered with the OPC.
Timelines for registering an OPC
In less than one hour In less than a day, in less than a day, the DIN, as well as the DSC of directors who are proposed, are readily available. An OPC Certificate of Incorporation OPC can be obtained in 3 to 5 days. The entire process of incorporation for an OPC is about 10 days. Additionally, this will require departmental approval and reverts to the department in question. For more information, go to Legalpiilers and then proceed to sign up for an OPC registration online.