Gsagroups provides you the very best One Person Company Registration service which is useful for small business owners whom are looking for a structured and secure way to operate their business while enjoying corporate benefits. A One Person Company (OPC) is a type of company or business registration structure which is introduced in India under the Companies or business Act, 2013 i.e OPC is a single person ownership which means there is only one owner. gsagroups.in
gsagroups have Benefits of One person company includes:
- Easy Formation: The registration process is very simple, cost-effective, and efficient as compared to other corporate structures.
- Full Control: The single owner has its own complete authority over all the working.
- Tax Benefits: OPCs can available for several tax advantages as compared to sole proprietorships. They don’t have to pay the high amount of taxes.
- Credibility: As it is a one person company operated by single person which means the owners have trust on their own because no other person is operating.
- Nominee Continuity: The nominee arrangement ensures that the company is in continuity even after unforeseen circumstances.
gsagroups includes key features for One Person Company:
- Single Ownership: As the name suggest, an OPC is a single owned and operated by a single individual. That single owner will act as both the shareholder and director of the company that he/she will work for the company by itself.
- Limited Liability: The personal assets of the owner are protected, as the liability of the company is limited to its assets that will protect the assets.
- A Separate Legal Entity: OPCs have separate legal entities, that are separate from their owners, that allows them to enter contracts, their own property, and sue or be sued.
- Requirement of nominee: Requirement of nominee is must be appointed during registration. The nominee will the help the individual to overtake the company by someone on whom they can trust after death or if any mishappening.
- Simplified Compliance: OPCs will enjoy the certain exemptions or deductions in terms of compliance, such as holding annual general meetings. gsagroups.in
Steps used by gsagroups for One person company registration:
- Make sure to Obtain Digital Signature Certificate (DSC)
- Then Apply for Director Identification Number (DIN)
- After that Choose a Unique Name.
- Then make a Draft the Memorandum of Association (MOA) and Articles of Association (AOA)
- Obtain a File Incorporation Application
- Make sure to obtain Certificate of Incorporation.
Documents Required for one person company registration:
1. for the Sole Owner:
• Identity Proof:
o PAN Card is mandatory
o Passport (for foreign nationals)
• Address Proof (any one):
o Aadhaar Card
o Voter ID
o Driving License
o Utility Bill (recent electricity/water bill,)
• Photograph:
o Recent passport-sized photograph (digital copy in high resolution).
• Digital Signature Certificate (DSC):
o Required for electronic filing of forms.
2. for the Nominee:
• Consent of Nominee:
o Form INC-3 (duly signed by the nominee with ID and address proof attached).
• Identity Proof:
o PAN Card
o Passport (if applicable)
• Address Proof:
o Aadhaar Card, Voter ID, or Driving License
• Photograph:
o Recent passport-sized photograph.
3. Registered Office Address Proof: Proof of Ownership or Rent Agreement
4. Company-Specific Documents:
• Memorandum of Association (MOA) Specifies the company’s objectives.
• Articles of Association (AOA) Defines the company’s rules and regulations.
• Form INC-9 Declaration by the sole owner and nominee regarding compliance with the Companies Act.
• Form INC-3 Nominee consent form. gsagroups.in
