Following are the crucial documents required for One Person Company Registration in India
A scanned copy of a current bank statement:
Bank statements can be accessed via Internet banking or by visiting a bank branch. Account statements and transaction summary statements are two additional common titles for them.
A phone bill, an electricity or gas bill and a mobile bill:
- Utilities often include power, gas, water/sewage, and garbage disposal. Other services, such as internet, cable TV, and phone service, are occasionally viewed as extra utilities because they are now considered standard in the majority of Indian households. The cost of utilities might vary greatly based on your location, the temperature where you reside, and your usage habits. As a result, these are also presented as critical documents for OPC Registration.
Rental agreement in English, digitally transcribed:
- Tenants are frequently given hard copies of rental agreements. This must be scanned and submitted to the appropriate authority for documentation.
A digital transcription of a landlord’s no-objection certificate:
- This document comes from the specific landlord. Section 12 of The Companies Act, 2013 requires that every corporation maintain a registered address. When a company is incorporated in India, the registered address is attached to the SPICe+ form. If the business’s address changes after formation, a Form INC-22 notification of the company’s new registration address must be sent to the ROC.
A scanned copy of the property or sale deeds in English (if the property is owned):
- A sale deed is a legal document used in real estate transactions to confirm the purchase of property and the transfer of ownership from the seller to the buyer. This is the primary ownership transfer documentation. A sale deed is also known as a conveyance deed or a final deed.
Procedure for One Person Company Registration
Following is the procedure for One Person Company Registration in India:
Step 1:
Despite the fact that the company’s everyday operations are managed by a single person, OPC offers opportunities for eternal succession. Following the death of a company member, the nominee can administer the business.
Step 2:
A one-person company member has limited liability. Because OPC is a registered corporation, it is treated as a separate legal entity, providing its members with greater protection. Members’ liability is restricted to their shares, therefore they are not accountable for any losses incurred by the firm. In the event of bankruptcy, creditors may sue the corporation rather than the director for procuring the company’s debt.
Step 3:
In a One Person Company, a single member serves as a director and is responsible for managing the company’s day-to-day operations. There is no need for an executive director to oversee daily operations in this situation. A single member is more than adequate and serves as a shareholder with full responsibility.
Step 4:
Because the OPC is considered a separate legal organisation, the individual has the ability to possess company property and other assets in their name. Other people cannot claim the properties, which include machinery factories, residential property, structures, and other assets. The OPC has the legal authority to acquire land directly in its name.
Step 5:
The ROC issues a certificate of incorporation with a PAN and TAN.
Step 6:
Open a bank account and get your business started.
The entire procedure of OPC Registration can be finished in only 20 days. All you have to do is contact RegisterKaro and complete the process as soon as possible.
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