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PLANNING AND SETTING UP ONE PERSON COMPANY (PRIVATE LIMITED COMPANY)
WHAT IS ONE PERSON COMPANY (PRIVATE LIMITED COMPANY)?
A company registered under the Companies Act, 2013, which a separate legal entity and is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.
The feature which differentiates One Person Company (OPC) Private Limited from the other Private Limited is that in OPC, only one person* can incorporate a Company
Person: Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
For the above purpose, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one financial year.
Sl No. |
Steps |
Description |
---|---|---|
1 |
Digital Signature Certificate |
Obtaining the Digital Signature Certificate for proposed director and shareholder |
2 |
Director Identification Number (DIN) |
The DIN will be obtained along with the incorporation of the company. |
3 |
Name Approval |
File a Name Approval form with CRC and it takes 2 to 3 working days to get approval. |
4 |
Final Incorporation Form |
After Name approval, the filing of incorporation forms
will be done along with all supporting documents like registering address proof, Declarations from Director, Shareholder and Nominee. A Company can be incorporated online by filling the Simplified Proforma for Incorporating Company Electronically (SPICE) form in Form INC-32 (using Digital Signature Certificate of the Director) along with (eMoA) in Form INC-33 and (eAoA) in Form INC-34. |
Minimum 1 Shareholder alongwith one nominee |
Minimum 1 Director |
PAN of Director, Shareholder and Nominee |
Address Proof (Aadhar Card/Voter Id/Driving License/ Passport)of Director, Shareholder and Nominee |
Residence Proof ( Bank Statement/ Electricity Bill/Mobile Bill/Telephone Bill) of Director, Shareholder and Nominee |