What is OPC?

It’s a new concept of company registration. In the previous Companies Act, of 1956 at the very 2 directors and shareholders had been required to form a private limited corporation. However, with the appearance of the Companies Act 2013, A corporation may be shaped with simply one Director and one member. One Person Company OPC is a Company that has a separate existence, however, is owned by a single member.

To comprise one Person Company, 2 persons are required. The Director of the One Person Company and Nominee Director. The Nominee Director is accountable for the management of the Company in case the Director is not able to execute his functions

There isn't always the idea of a Board of Directors in a One-Person Company because the entity may be controlled by a single person. The idea of Annual General Meetings and Board Meetings is also not relevant for One Person Company. A private limited company has a Board of Directors comprising of a minimum of Directors to a most of 7 Directors. The 100% shares of a One Person’s Company may be held through a single man or woman. A private limited corporation should have a minimum of shareholders. Therefore, 100% of the stocks of a private limited company can't be held through a single person.

Minimum necessities for OPC Registration in Karnataka

1 Shareholder

1 Director

1 Nominee

Director and Shareholder are one and the equal person

Documents Required for OPC Formation in Karnataka Mandatory Documents of Director/Shareholder and Nominee:

1-Passport Size Photograph,

2-PAN Card

3-Aadhar Card Voter Identity card / Passport / Driving Licence

4-Copy of Electricity Bill / Bank Statement / Mobile Bill (Not older than 1 month)

5-Electricity / Telephone / Gas Bill (Business Place) (Not older than 1 month)

6-NOC From the Owner of The Property

Steps concerned in OPC (One Parson Company) Incorporation in Karnataka

Step-1: Documentation

Step 2: Selection of Name for OPC Registration

Step 3: Apply for DSC

Step-4: Name Approval for OPC Registration

step-5: Spice Form Filing to ROC for OPC Incorporation

 Step-6: Registration of The OPC Company with ROC

Step-7: Issue of the Certificate of

Step-8: PAN & TAN Number for the OPC

Procedure For OPC Registration in Karnataka

1-Complete your OPC Form-You are required to fill in your details in our simple online questionnaire.

2-Obtain DSC and DIN for the Director of OPC-Then, you shall obtain DSC and DIN for directors and apply for the name approval of OPC

3-Verification and Name Approval of OPC-Details provided by you for OPC registration will be verified by experts

4-Apply for the COI of OPC- Apply for and obtain a certificate of incorporation for OPC and then apply for TAN and PAN

5-Now OPC is ready

Steps for Incorporation of OPC in Karnataka

Step 1. Obtain DSC and DIN: The proposed directors ought to obtain a Digital Signature Certificate (DSC) from 8 authorized DSC makers.

Step 2. Reservation of name: An application for the reservation of an appropriate name ought to be made in Form No. INC-1.

Step 3. Entrenchment Provisions: In case the articles of affiliation include provisions for entrenchment, the corporation ought to tell the Registrar of such provisions in Form No.INC-2 at the time of incorporation of the corporation or in the case of current companies (by modification of the articles of affiliation), the identical ought to be filed in Form No.MGT-14 within 30 days from the date of entrenchment of the articles.

Step 4. Articles of Association: Model articles of association have been supplied in Tables F, G, H, I, and J of Schedule I, as are applicable, and can be followed by a company both in totality or otherwise.

Step 5. Application for incorporation of OPC

An application must be filed, with the Registrar of Companies (ROC) inside whose jurisdiction the registered workplace of the company is proposed to be situated, in Form No.INC-2.

Step 6. The signing of the Memorandum and Articles of Association: The MOA and AOA of the corporation ought to be signed by the only member who's additionally the subscriber to the memorandum, who ought to provide info of his call, address, description, and occupation, if any, in the presence of at least one witness who must also attest the signature and must also signal and give his info.

Step 7. Affidavit of Subscriber and the director: The affidavit must be submitted by the sole member who has subscribed to the memorandum and named in the articles in Form No.INC-9.

Step 8. Particulars of Subscriber: The sole member must report the details of the subscription to the Registrar at the time of incorporation.

Step 9. Nomination by the only member: 1. The subscriber to the memorandum of a One Person Company ought to nominate a person, after acquiring the earlier written consent of such man or woman, who shall, in the occasion of the subscriber’s death or his incapacity to contract, become the member of that One Person Company. 2. The name of the person nominated will be cited in the memorandum of One Person Company and such nomination in Form No INC-2 along with the consent of such nominee received in Form No INC-3.

Step 10. Declaration by specialists the statement by an Advocate, a Chartered Accountant, a Cost accountant, or Company Secretary in practice will be in Form No. INC-8.

OR Online Filing of OPC: The Ministry of Corporate Affairs (MCA) has issued an incorporated incorporation shape INC-32. So now, an OPC may be incorporated online by filling the Simplified Proforma for Incorporating Company Electronically (SPIC) shape in Form INC-32 (the use of Digital Signature Certificate of the Director) alongside (MOA) in Form INC-33 and (AOA) in Form INC-34.

FAQ

1-Can I register OPC myself?

You can register your OPC Yourself.

2-What is the minimum capital requirement for OPC