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OPC (One person company) Registration in India is required under the companies act 2013. Get One Person Company Registration in India to start your solo venture. It gives you full right over the ownership and you do not dilute shares. Online Legal India will help you to register OPC incorporation in just 15 to 25 days.
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5 STEPS OF OPC INCORPORATI ON PROCESS WWW.ONLINELEGALINDIA.COM
INTRODUCTION A One Person Company (OPC) is a business formed by a single person. A single individual could not register or incorporate a firm before the enactment of the Companies Act of 2013. If a person desired to start a business, he or she could only do it as a single proprietorship because a corporation required at least 2 directors & 2 members.
INCORPORATION OF OPC Apply for DSC To submit the forms for OPC incorporation, digital signatures are necessary. The registration is entirely online, and all forms need a digital signature. Apply for DIN Once the Digital Signature Certificate is created, the next step is to apply for the proposed Director Identification Number (DIN) in the SPICe Form, along with the director's name and residence proof. Application for Name Approval The next step in registering an OPC is to choose a name for the company. In the Form SPICe+ 32 application, the name might be authorised.
CONCLUSION According to the Companies Act, a person can start a company with 1 member & 1 director. Both the director and the member might be the same individual. Thus, a one-person company or OPC means that one person, who may be a resident or an NRI, can do his or her OPC incorporation, which has the characteristics of a corporation and the advantages of a sole proprietorship. Learn More