One Person Company registration in Jharkhand-OPC registration in Jharkhand
One Person Company, which is a new concept in India, already sees a big boom. A huge impact on the economy and development of nation is expected. It gives opportunities to many and will therefore bring creative and young minds in front of everyone. The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework.
One Person Company (OPC): Process of Registration
Step 1: Apply for DSC *
Step 2: Apply for DIN **
Step 3: Name Approval Application
Step 4: Documents Required
Step 5: Filing Forms with MCA
Step 6: Issue of certificate of Incorporation
* For Name availability under RUN Web service, there is no prior requirement to obtain DSC and DIN . It can be done with account login on MCA portal.
Documents Required for OPC Registration
TO BE SUBMITTED BY DIRECTOR
∙ Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
∙ Scanned copy of Voter’s ID/Passport/Driver’s License
∙ Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
∙ Scanned passport-sized photograph Specimen signature (blank document with signature)
Note: The director must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
FOR THE REGISTERED OFFICE
∙ Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
∙ Scanned copy of Notarised Rental Agreement in English Scanned copy of No-objection Certificate from property owner
∙ Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence, too.
FAQs
Q. Can there be one person company?
It is a perfect substitute for Sole Proprietorship or it may be called as registered proprietorship, as it contains a benefit in the form of Limited Liability. However, OPC may have two or more directors but have only one shareholder at a time. To register a One Person Company (OPC), only one person is needed.
Q. Can OPC be converted into LLP?
Yes, A OPC can be converted into LLP. Yes it can be converted into LLP. But you need one more person because llp require minimum 2 person. Conversion is simply even you can enjoy tax advantages in the LLP.
Q. Is FDI allowed for OPC in India?
No, FDI into a one person company in India is restricted.