OPC is introduced to motivate the proprietorship firm and sole entrepreneurs to enter into a form of corporate entity and enjoy basic features of a company. One Person Company (OPC) was introduced through Companies Act, 2013. Main feature of OPC is that unlike other forms of company it only needs one member to start the business. OPC provide features of company like separate entity from members, limited liability to shareholders and easy to incorporate.
Having various features like company there is another option where OPC can be converted into a private limited company provided the annual turnover of OPC should exceed Rs. 2 crore and must file audited financial statement at the end of financial year.
The normal time taken to complete OPC registration is about 12-14 working days, subject to government processing time and client document submission. Compex can get you register as an OPC at the earliest. So don’t think and get a free consultation for OPC registration and business start-up by scheduling an appointment with a Compex Advisor. Compex can help you incorporate all forms of Company that can be registered with Ministry of Corporate Affairs (MCA).
BENEFITS OF A LIMITED LIABILITY PARTNERSHIP
A LONE MEMBER
It is the only type of corporate entity which can be operational by a lone member along with limited liability feature.
EXISTENCE
LLP has ‘perpetual succession’, which means uninterrupted existence until it is legally dissolved. Since it has separate legal entity from members it continues to be in existence irrespective of change of ownership.
OTHER SIMILAR FEATURES
Like the other forms of corporate entity it has features like easy transferring of ownership, borrowing capacity, owing property in the name of OPC etc.
DOCUMENTS REQUIRED FOR COMPANY REGISTRATION
ID PROOF OF DIRECTORS & MEMBERS
PAN for Indian nationals/Notarized Passport copy for foreign nationals.
ADDRESS PROOF OF DIRECTORS & MEMBERS
Passport, Driving License, Aadhaar and Bank statement or electricity bill (both not older than 2 months).
REGISTERED OFFICE PROOF
Rent agreement or Sale deed and copy of electricity bill, property tax receipt, NOC from owner of premises.
OTHER DOCUMENTS
Signed documents for digital signature and registration.
OUR HELPING HAND IN OPC REGISTRATION
Compex help you form a OPC in about 2 week subject to MCA processing time and documents availability.
OBTAINING DSC AND DIN
Digital signature Certificate (DSC) and Director Identification Number (DIN) is required for proposed partners. It can be obtained in 2 days.
NAME APPROVAL
MCA allows minimum of 1 and a maximum of 6 proposed names. Subject to availability, naming guidelines and MCA processing time name can be approved in 4-6 days.
REGISTERING OPC
Application for registration along with the documents required can be submitted to MCA and subject to their processing time MCA approve the application for Incorporation in 7-8 working days.
Full Administrative Tax Services Management
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