What is one person company (OPC) Registration?
The concept of One Person Company in India was introduced through the Companies Act, 2013 to support owner of business who on their own are capable to start single person economic entity.
One of the biggest advantages of a One Person Company (OPC) is that there is only one member in One Person Company.
One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
Procedure For Company Registration
Documents Required For Company Registration
What is included In Our Company Registration Package?
Private Limited Company Benefits
5 Steps For Company Registration
1. Application of DSC & DPIN :
2. Name approval :
3. MOA & AOA submission :
4. Get incorporation certificate :
5. Apply for PAN, TAN and Bank account :
Concerns Related To Private Limited Company
2.Minimum capital required is Rs.10,000.
3.Private limited company can have a maximum of 200 members.
Still, Promoters prefer private limited for easy compliance, angel funding and future growth.
Factors To Consider In Company Name Selection
Frequently Asked Questions
OC is a Administrative Government office who will give registration of your company . In India, Every State has 1 ROC office except Maharashtra and Tamilnadu where there are 2 ROC offices.
MOA means Memorandum of Association. It outlines the nature and Objectives of a Business . The memorandum includes the company’s name, registered company address, the company’s aims and objectives, limited liability clause, share of capital, and other related company information. AOA means Articles of Association. These are the bylaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. Authorised capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. The Authorised capital is mentioned in the Memorandum of Association of the Company under heading of “Capital Clause”. It is even decided prior to incorporation of the Company. The Authorised capital can be increased at any time in future by following necessary steps as required by law. Paid up capital is a amount of money received by Company for which Company will issue shares to the shareholders.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
Company name is very important part in registration of company. The company name is divided into 3 Parts: 1) Keyword (brand name like TATA or Flipkart) 2) Activity word(i.e. showing nature of business like Software) 3) Business Type word (i.e. Pvt. Ltd. or LLP). For Incorporation of company, the suggested name should not match with existing companies or trademark.
No. Once the company is formed, it will be valid till it is officially dissolved/surrendered. No renewal or fees is required. However, every year companies have to do Annual Compliances related with ROC.
DhanTax can incorporate a Private Limited Company within 20-30 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
You need to start the company with a minimum capital of Rs. 10,000. However, you need not pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.
No, There is no requirement of a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your house.
There is absolutely no hidden charges. DhanTax Package charges are inclusive of every charges. DhanTax will send you an Bill with mentioning word “no hidden charges”. DhanTax team will provide professional service efficiently for your business growth.