Steps to register a OPC in Odisha
OPC as a separate legal entity that can be formed with one member or shareholder.
If you do not have two members to form a private limited company, and still looking for registration with MCA then One Person Company is the best option to choose.
As per the Companies Act 2013, an OPC is required to nominate another person as a nominee Director during the incorporation process in the MOA who will become the owner of the OPC in case the promoter Director is disabled or dies.
One Person Company can be converted to a private limited company if it fulfills the required criteria of the Companies Act 2013.
The process for registration of One Person Company is very much similar to the private limited company incorporation.
Applying for company Name
You are required to provide at least 2 names for one and up to a maximum number of 2 names is allowed as a proposed name by using the RUN facility at the MCA portal for approval.
We suggest you check its availability at the MCA site before proposing it for approval.
Subject to naming guidelines, availability, MCA processing time, and other applicable rules and regulations, name approval can be obtained in 3 to 5 working days.
We can assist you in deciding whether the proposed name selected by you is available for registration or not. We will guide you to pick the right company name as per the rules and regulations of the companies act 2013.
Obtaining Digital Signature Certificate – DSC
Both Director Identification Number (DIN) and Digital Signature Certificate (DSC) are required to be obtained for subscribers and directors before starting the incorporation process.
DSC will be required while signing the e-MOA, e-AOA and registration form.
Drafting of legal documents for company registration
After getting approval of your company name and details submitted by you, we will draft your e-MOA, e-AOA and all other legal documents required to be filed with ROC for company registration.
We will send you a copy of each document for your review and approval before processing.
Applying for company registration with MCA
In this final step, you are required to file a registration form, e-MOA, e-AOA and other legal documents attached to it for getting a registration certificate from MCA.
Once all the forms are duly approved by the Registrar of Companies, a digitally signed certificate of incorporation (COI), along with PAN and TAN will be emailed to the email ID given by you while registering with MCA.
How can we help you in company registration?
We can help you to register your One Peroson Company (OPC) in Odisha and in other places of India. The entire registration process takes 10-15 working days subject to government processing times and availability of all documents.
We at BIGYAN MISHRA & CO, specializing in the incorporation of small businesses in India. We will assist you in each and every step of your One Person Company incorporation which includes drafting of the memorandum of association, article of association, other legal documents, and filing of various e-forms as required during the process.
We can help you with the following:
- Getting name approval from MCA
- DSC issued in the name of directors and subscribers
- Drafting of MOA, AOA and other legal documents for your One Person Company
- Filing of statutory e-forms to complete the OPC incorporation process with MCA.
Are you ready to discuss this? Contact me via email at bigyanmishra [at] gmail [dot] com or call us @ +91-94371-64365 to find out how we can help your business.
We also provide other financial services. Contact Us to discuss further.
5 Must Have Documents For OPC Registration
To register a One Person Company (OPC) in odisha, you must have following documents. Without these documents you can’t register you OPC. You may require additional documents based on the nature of business.
- PAN
Income tax PAN is a must for the director and shareholder to get started. - ID Proof
Voter ID/passport/driving license is accepted as ID proof along with address proof for residential and permanent address. - Address Proof
latest bank statement / telephone or mobile bill / electricity or gas bill is accepted as address proof. It should not be older than 2 months. - Passport-sized photograph & specimen signatures
Passport sized photograph is required along with specimen signatuires in a blank paper. Scanned signature will also be helpful. - Registered Office Address
Notarised rental agreement, no-objection certificate from house owner and latest electricity bill required for company’s registered office address.
Post-incorporation compliance for a One Person Company.
Post-incorporation compliance of a OPC is same as its for a private limited company. Please note, based on type of business and registrations, you may require additional compliances as per the Companies Act, Income tax Act and other laws. You need to appoint a legal consultant based on your size of business to take care of all legal compliances.
Auditor Appointment
Within 30 days from the date of incorporation, OPC must appoint a practicing chartered accountant as it’s first auditor as per the Companies Act, 2013.
Subscription Deposit
Subscriber must deposit the subscription amount in OPC’s bank account within 180 days of incorporation.
Director KYC
Every year on or before 30th September, directors of the OPC with Director Identification Number (DIN) should undergo a DIN KYC process.
Annual filing
Every financial year, the One Person Company must file it’s audited financial statements and annual return with MCA. The OPC should also file income tax return with the Government on or before the due date of filing.
Frequently Asked Questions
What are the documents as a director I shoud have to register a OPC?
To become a director you should have identity and address proof, as well as a copy of the PAN card (for Indian nationals).
As per companies act 2013, only a natural person who is an Indian citizen can establish an One Person Company (OPC) in India. Legal entities such as Private limited companies or LLPs cannot create an OPC.
If the OPC wants to use director’s premises as it’s registered office address, then the director must provide a No-objection certificate (NOC) stating he/she does not have any problem if the company uses their premises as registered office.
Should I be a resident in India to establish OPC?
Yes, as per the companies act 2013, the promoter of OPC must be a resident in India, meaning they should have lived in India for at least 182 days during the previous calendar year.
Do I need to audit my OPC’s accounts?
Yes, after registration, you must appoint a practicing chartered accountant as your company’s first auditor. As per law, company’s first auditor must be appointed within 30 days of its incorporation.
For every financial year, the OPC’s books of account must be audited by the company’s auditor. Financial statements along with the audit report should be filed with MCA on or before the due date of filing.
What is the minimum capital needed to register a One Person Company?
There is no minimum capital required for starting a OPC.
Can you register One Perosn Company on your home address?
Yes, a OPC can be registered at the owner’s home address. A copy of the utility bill along with no objection certificate from the director/shareholder is required to be submitted at the time of incorporation along with property documents.
Can I convert my OPC to Private Limited?
Yes, if the One Person Company’s paid-up share capital exceeds 50 lakhs or its average annual turnover surpasses 2 Crores, it must be converted into a private limited company. You need to follow the steps required for such conversion.
What are the benefits of a OPC?
Here are 4 most important benefits of One Person Company (OPC);
- Separate legal entity status
- Exemptions from certain compliance requirements
- Can be established with just 1 member and 1 nominee, with the member also serving as the director
- No minimum paid-up capital requirement