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One Person Company Registration

One Person Company Registration

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person as an economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members is required for incorporating and maintaining a PrivateLimited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter,offering limited liability protection to its sole shareholder, while havingcontinuity of business and being easy to incorporate.

The following steps are taken for one person registration:

Step 1. Application for Director Identification Number (DIN) in form DIR-3,DSC (Digital Signature Certificate).

Step 2. Search for the Company Name availability.

Step 3. Application for the Name availability.

Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA).

Step 5. Filing of e-forms with RoC (Registrar of Companies).

Step 6. Payment of RoC Fees & Stamp Duty.

Step 7. Verification of documents/forms by RoC

Step 8. The issue of Certificate of Incorporation by RoC

Though it looks like that there are a lot of procedures to go through for this, we will be more than happy to help you out with them. Contact us regarding any queries with this service.

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