One Person Company Registration
For One Person Company registration, CCV India provides the required secretarial consultancy services. One Person Company is registered with a single person as the member, additionally a nominee is to be appointed during the incorporation. This company structure came into existence under the Companies Act, 2013. It gives corporate identity to small business including all privileges of a private limited company. A person can't incorporate or become the nominee of more than one OPC.
Benefits of One Person Company
Limited Liability: The Liability of shareholders is limited which means in case of a loss the personal assets remain safe. This differentiates OPC from Sole proprietorship and is a major benefit.
Corporate Identity: OPC creates a corporate identity for a small business and also helps to open global opportunities. One Person Companies enjoy all benefits of private limited company.
Flexible management: With only one person as owner the decision making is instant which provides flexible management. There is no need of any board resolutions or annual general meeting.
How to Register One Person Company in India?
For incorporation of One Person Company, first step is to obtain DSC (Digital Signature Certificate) and DIN (Director Identification Number). Select a company name and check for the availability by making an application to the Ministry of Corporate Affairs(MCA). Next step is to draft MOA, AOA documents stating the rules and objects of the company and applying for TAN & PAN with the registrar of companies(ROC). After completion of the process incorporation certificate is provided we complete this process in 7-14 days.