Introduction
Do you want to be a single owner of your own Company? Want to rein your company with total control? Then go for OPC Registration in India. Setup your Business within a week. Get OPC registration certificate within 3 workings days*. Enter the Corporate world of Business being a solo-director of your own Company.
What’s an OPC Company?
OPC Company is a basest form of company you can start in India with single person. OPC is a distinct legal person as per law. Unlike traditional Proprietorship business OPC has perpetual succession. Nominee appointment is a must for OPC company. OPC nominee takes over business in case of OPC owner is unable to continue his office. OPC companies are registered and governed by rules and provisions as per Companies Act, 2013.
Who is OPC Director / OPC Shareholder / OPC Member?
OPC Director is the single owner of the private company. 100% shares of OPC is held by OPC Member. There is no concept of shared ownership in OPC. OPC Director can have complete control over the company. Being a single business director it’s easy make business decisions.
In OPC same person can be director, shareholder and Member of the company.
Who is OPC Shareholder?
OPC shareholder is the single member who holds the entire 100% shares. OPC shareholder holds the OPC ownership. He is the person responsible for its business compliance.
Who is Nominee director in OPC?
In India Nominee director for OPC is a must. A person must be appointed as nominee to OPC director to get OPC registration in India. Nominee does not have control over business until the original director exists in the company. Nominee assumes directorship of OPC when OPC director does not exist.
Why OPC registration is good Choice?
Single ownership
OPC gives you the advantage of single ownership in the form of owning a company. You can have total business control in OPC form of business entity in India.
Limited risk and Liability
Just like other forms of companies OPC owner’s personal assets are safe and has less risks
Succession
Unlike proprietorship firm, OPCs need not be closed in case of death of OPC owner. Nominee automatically becomes the OPC director and the company continues even after demise of director
Easy compliance
Number of compliance for OPC is less when compared to private and public companies. No board meetings or AGM necessary. Important decisions can be taken quickly without convening board meetings.
Simple Registration
You can get OPC registration done within 3 days through right company registration consultants.
Easy Funding
Financial institutions like banks will eager to lend loans to OPC companies than proprietorship firms.
Business Efficiency
Important business decisions can be made quickly OPC owner is the sole decision maker. However more directors can be appointed to support him in business management.
Distinct legal Person
OPC is a separate business entity, separate from its shareholder. People and bank have more faith in company form of business structure. Hence you have good social recognition with OPC registration
Social Visibility
Visibility is an important factor in current business scenario. Getting recognized in business world is key to your growth and success. People have trust in Private companies. Since OPC is a private company with single owner. They have more social visibility.
Process for OPC Registration
Setting up your OPC business is a simple procedure with help of right professionals. You need NOT worry about paperwork or legal formalities to get your OPC incorporation. Our OPC consultants can get OPC certificate of incorporation much faster. The process of OPC incorporation start with free consultation with OPC consultants, Name reservation, documentation and online submission. iMaster consultants can support you at every stage of OPC business set-up. We are happy to answer your queries.
OPC registration is just a call and mail away with iMaster. Provide us the basic documents to get your task done.
Document proof required for OPC incorporation in India
From Director-shareholder
Photograph, PAN , Address Proof(Electricity /Gas /Telephone Bill / bank statement) , Identity Proof (Passport/ voter Id/ Driving License)
From Nominee
Photograph, PAN , Address Proof(Electricity /Gas /Telephone Bill / bank statement) , Identity Proof (Passport/ voter Id/ Driving License)
Registered Office Address Proof
NOC from Owner and Utility bill proof (Electricity/Water/ Property tax paid receipts)
Disadvantages of One Person Company
FDI is not allowed in OPC Company
Only Indian Citizen can start OPC Company. Foreign Direct Investment-FDI is not allowed in OPC Company. OPC director has to arrange all the funding for the company. OPC is advisable to small companies whose turnover and capital falls under prescribed limits. OPCs can have more than one director. They can have up to 15 directors. But at least one director has to be Indian resident.
Words of wisdom
It is important to start your OPC with perfect legal formalities. Choose your business structure wisely based on your requirements and projected business scenario in future. Seeking professional advice from best corporate consultants is a smart move.
What we do
OPC registration process is a seamless process. But, it is important to get it done right with perfect legal formalities. This is an important step in setting up an OPC company. But with us, OPC registration is simply easy. Let us handle your OPC registration formalities. Save your precious time and effort. Get your OPC Certificate with in 3 days*. Our vibrant practicing professionals make your registration process, a pleasant experience. We offer end to end OPC registration, advisory and compliance services
iMaster strives to provide unparallel business registration and compliances services to cheer up upcoming entrepreneurs. Save time and money with our business support services
For more details please Contact Us.