One Person Company is introduced to help those individuals who are looking forward to investing in a new business opportunity, who do not want to combine or invest their shares in other’s businesses and can have the power to be the sole owner of their enterprise.
Any individual who is born in India and is a permanent resident of Indian preceding calendar year (i.e stayed here for 182 days).
The minimum paid up capital required to start one person company is INR 1 lack with an annual turnover of less than INR 2 crore
Step - 1: Digital signature: the first step is to avail the digital signature of the proposed director along with the documents mentioned above.
Step - 2: Digital identification no.: after we receive the signature we head to acquire digital identification no. Of the proposed director in SPICEe form.
Step - 3: Name approval application: after the verification of documents we propose a name for the company and apply for the same from the MCA.. The name should be clear to indicate what THE Company is all about. The only condition is that no company can register without having (OPC) Private Limited or limited at the end. For example ASHIANA BUILDTECH PVT. LTD. (OPC).
Step - 4: Documents to roc: after the approval of the name we file for documents to be submitted to ROC
Step - 5: Office proof: next we will require registered office proof Lease deed / Conveyance / Rent agreement along with rent receipts and proof of ownership along with NOC. Affidavit and consent of the proposed director with form INC-9 and DIR-2rsp.
Step - 6: MCA approval forms: along with other documents SPICe Form, SPICe-MOA and SPICe-AOA and DSC of the Director and the professional will be uploaded to the MCA site for approval. , Form 49A and 49B will be generated for the PAN and TAN generation of the Company which has to be uploaded to MCA after affixing the DSC of the proposed Director.
After submitting and getting all the documents verified we will receive Certificate of Incorporation from ROC and then we can commence our business.
These are the bylaws or rules based on which important matters like the main business of the company or meetings are decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.