Procedure of one person company registration

Let’s discuss the One Person Company Registration Procedure! One Person Company is a start-up which has only one founder!

A major benefit of One Person Company, is only one member is required for firm registration whereas a minimum of two persons are required for Private Limited Company Registration or Limited Liability Partnership. Since one person company is a separate legal entity, it ensures protection to owner by limiting his liability so he can easily enjoy limited liability feature also.

Requirements for the One Person Company:

•             One Shareholder

•             One Nominee

•             One Director

Steps for One Person Company Registration:

1.            Apply for the Digital Signature of the Directors, to file e forms for the one person company registration.

2.            Apply for the DIN ( Director Identification Number)

3.            Apply for the Name approval on the MCA Portal according to MCA Guidelines.

4.            Filings E-Forms with ROC and payment of ROC Fees after the Name Approval from Officers.

5.            Issued Certification of Incorporation

6.            Apply for the PAN Number and open a current bank account on the name of one Person Company.

Documents Required:

1.            PAN Number of the Director

2.            Address Proof of the Director as Adhaar card or driving license or any other as passport.

3.            Business Place ownership proof such as electricity bills or an rent agreement

What are the advantages of an OPC?

Budding entrepreneurs can greatly benefit from registering their business as a One Person Company Private Limited. Here’s how

1.            Legal stamp of recognition – Legally registering the company increases the authenticity of the brand. Customers and potential clients will find it easier to trust your work!

2.            Personal and business assets – Let’s face it, starting something of your own comes with the risk of failure; expect the best, but prepare for the worst. Under the liability protection clause, any financial loss or debt your business faces will not need to be cleared against your personal assets.

3.            You are your own boss – You can avoid the hassles which accompany any partnerships! No egos and not answerable to anyone are the perks of One Person Company.

4.            No protocols – An OPC is exempt from protocol that is usually enforced on other registered companies.

5.            Banks support – It is much easier for OPCs to get loans, compared to individuals or proprietary firms. Also, there are several tax benefits in having a registered OPC.

If someone is looking to test a new business model, OPC is an ideal opportunity for you! Once the company grows and becomes successful, you can convert it to a multi shareholder private limited company.

Numbro aids in the smooth registration of your OPC!

For more details visit at www.numbro.in

Rewritten Content:

Procedure for one character employer registration

Let’s discuss the one man or woman corporation registration system! One person employer is a start-up which has simplest one founder!

A chief benefit of one person organization, is simplest one member is needed for company registration whereas at the least two persons are required for private constrained organisation registration or confined legal responsibility partnership. In view that one person enterprise  is a separate felony entity, it ensures protection to owner by means of proscribing his legal responsibility so he can effortlessly revel in restricted liability characteristic also.

Requirements for the one man or woman enterprise:

•             one shareholder

•             one nominee

•             one director

Steps for one person agency registration:

1.            Apply for the digital signature of the administrators, to record e forms for the only character enterprise registration.

2.            Follow for the din ( director identification variety)

3.            Practice for the call approval on the mca portal in line with mca recommendations.

4.            Filings e-bureaucracy with roc and payment of roc costs after the call approval from officers.

5.            Issued certification of incorporation

6.            Follow for the pan variety and open a cutting-edge bank account on the call of 1 individual agency.

Documents required:

1.            Pan quantity of the director

2.            Deal with proof of the director as adhaar card or riding license or any other as passport.

3.            Commercial enterprise place ownership proof including power payments or an hire agreement

What are the benefits of an opc?

Budding marketers can substantially benefit from registering their business as a one individual business enterprise non-public restricted. Here’s how

1.            Legal stamp of reputation – legally registering the business enterprise increases the authenticity of the logo. Customers and ability clients will locate it less difficult to consider your paintings!

2.            Private and business belongings – allow’s face it, starting some thing of your very own comes with the danger of failure; count on the high-quality, however prepare for the worst. Under the legal responsibility safety clause, any financial loss or debt your enterprise faces will no longer need to be cleared towards your private assets.

3.            You're your personal boss – you can keep away from the hassles which accompany any partnerships! No egos and now not answerable to all people are the perks of 1 individual agency.

Four.     No protocols – an opc is exempt from protocol that is normally enforced on other registered groups.

5.            Banks aid – it is much easier for opcs to get loans, as compared to individuals or proprietary corporations. Also, there are several tax blessings in having a registered opc.

If someone is asking to test a new commercial enterprise version, opc is a super possibility for you! Once the corporation grows and becomes a hit, you can convert it to a multi shareholder personal restricted agency.

Numbro aids within the easy registration of your opc!

For greater information go to at www.Numbro.In