About the service / Eligibility:
❖ Minimum 1 director. Maximum 1 shareholder/1 nominee.
❖ Minimum share capital requirement is NIL.
❖ Shareholder & nominee must be an Indian Resident Citizen.
❖ Paid up Share Capital Shall be less than 50 Lakhs and average annual turnover of
immediately preceeding three consecutive financial years does not exceeds 2 crores.
➢ Estimated time to complete the work:
❖ 10 Working Days from the date of receipt of documents.
➢ Required Documents/Information:
❖ Digital Signature of the director.
❖ Self attested PAN Card & Aadhar Card copy of director and subscriber.
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❖ Self attested ID Proofs of director & subscriber (Driving License/Voter ID/ Passport).
❖ Mobile Number and E-Mail ID of the Director.
❖ Passport Size Photo Copies of the Director.
❖ Rental Agreement and Latest Electricity bill.
❖ Proposed NAMES of the Company – Any 2 Names.
❖ Description of proposed business activity and other additional activity which a company
may pursue.
❖ Authorized and Paid up capital & sharing proportion of subscribers.
➢ What we will deliver:
❖ Certificate of Incorporation. (Company Registration Certificate).
❖ MOA (Memorandum of Association) & AOA (Articles of Association).
❖ PAN (Permanent Account Number) & TAN (Tax Deduction & Collection Account
Number) for the Company.
❖ DSC (Digital Signatures Certificate) for Director.
❖ DIN (Director Identification Number) For Director.
❖ Assistance in Current Account Opening.
FAQ:
1. What is the role of a Nominee in an OPC?
A nominee is an individual who becomes a member of the company in case of the promoter’s death or incapacitation.
2. What is the authorized capital fee?
Authorized Capital of a Company is the number of shares a company can issue to the shareholders. A Company is required to pay the Government an authorized capital fee to issue shares.
3. How to speed up the incorporation process?
Ensure that the name you choose is unique and you have all the required documents before the process of incorporation for speedy incorporation.
4. What is a dormant company?
If the annual compliances are not met with the becomes a Dormant Company and can be struck off after some time. A Struck company can be revived for a period of up to 20 years.
5. What is DSC?
The DSC establishes the identity of the sender or the signee electronically while filing the document online. The MCA mandates that the Directors sign some of the application documents using their Digital Signature.
6. What is the Director Identification Number?
It is the Unique Identification Number that is assigned to all existing and proposed Directors of a Company. All proposed Directors must have Director Identification Number. The DIN never expires and a person can have only one DIN.
7. Is a Private Limited Company better than OPC?
OPC is a Company that has a separate existence and is owned by one single member. One person happens to be a mixture of proprietorship and company forms of business.
8. Is audit compulsory for OPC?
For an OPC statutory audit is mandatory. A company needs to appoint a CA as the auditor of the Company. The auditor needs to verify the books of accounts and issue a Statutory Audit report.
9. Is GST mandatory for OPC?
GST registration for a Person Company is necessary if the supply of goods or services is in another state irrespective of annual turnover.
10. Can OPC raise funds?
An OPC can raise funds through venture capital, financial institutions. An OPC can also raise funds by converting into a Private Limited Company.
11. What is the difference between sole proprietorships and OPC?
In a Person Company, a single person runs a company limited by shares whereas a Sole Proprietorship means an entity that is run by one individual, and the owner and business are considered as the same entity.
12. Is it necessary for the OPCs to conduct an annual general meeting?
Except for OPCs, all entities are required to conduct an Annual General Meeting every year.
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