Documentation - Day - 1
Documentation plays a significant role in OPC Registration. The primary documents of promoters like PAN, ID, and address proof are to submitted along with utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises as proof of the registered address of the company. The list of documents required is provided above for your reference. We shall request the necessary information for OPC Registration in the Questionnaire.
Selection of Name for OPC Registration - Day - 1
The name of every company should be unique and must not violate the name of any other company or someone else trademark. For this purpose, we conduct a thorough search of the name as per section 4 of the companies act and read with rule 8. Please refer to our detailed discussion on name approval guidelines for company registration.
DSC for All Promoters of One Person Company - Day - 1
DSC is equivalent to the physical or paper signature under the information technology act. For registration of One Person Company, all the applications to ROC are filed in digital format signed by its proposed director. The filing process for OPC Registration starts with the issue of a digital signature for the shareholder and director of the company.
Name Approval for OPC Registration - Day - 2-5
RUN is the Name of an online application, which is to be used for making an application for seeking approval of the ROC for the proposed Name of the company. It is a web-based application, where two names in order of preference can be filed with a note on the significance of the Name and the business activities.
Spice Form Filing to ROC for OPC Incorporation - Day - 5
After name approval of the OPC, we need to file the formal application for incorporation of the company in form SPICE to the ROC with appropriate documents as attachments. The documents to be attached with Spice Form are MOA, AOA of the company, KYC documents of promoters, and proof of the registered address with NOC from the landlord. The DSC of the promoters is then used to sign the application, which is further attested by one practicing Chartered Accountant, Company Secretary, Cost Accountant, or an Advocate practicing at High Court. The government filing fee for Company Registration depends on the proposed capital of the company.
Registration of the OPC Company with ROC - Day - 7
The final stage for the OPC registration is the Issue of Certificate of Incorporation for the One Person Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate for OPC is the conclusive proof of the registration of the Company by ROC.
PAN & TAN Number for the OPC - Day - 7
Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the Company. There is no need to make any separate application. The PAN Number and TAN comes printed on the certificate of incorporation itself, and after the registration of the Company, E-Pan and Tan letter is sent via email.
Only One Person Required
An OPC can be registered in India, by only one person, who shall act as the directors/shareholders of the company. The maximum number of directors of an OPC is 15 and the number of shareholder cannot go beyond one.
One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.
Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
Unique Name of Company
The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.