I. OPC Incorporation & Registration:

• Eligibility Assessment:
  • Determine if the individual meets the eligibility criteria for forming an OPC (Indian citizen, resident in India, only one OPC allowed).
  • Discuss their business idea and ensure it aligns with permissible activities for OPCs.
• Name Availability Check & Reservation:
  • Assist in selecting a unique and compliant name for the OPC.
  • Conduct a name search to ensure availability and help reserve the chosen name with the Registrar of Companies (ROC).
• Documentation & Drafting:
  • Prepare all necessary incorporation documents, including:
    • Memorandum of Association (MOA): Clearly outlining the OPC’s objectives and scope of activities.
    • Articles of Association (AOA): Defining the company’s internal rules and regulations.
    • Consent of Nominee Director: Obtaining consent from the nominee director, who will take over the OPC in case of the original director’s incapacitation or death.
• Digital Signature Certificate (DSC) & DIN Application:
  • Assist the director in obtaining a Digital Signature Certificate (DSC) for online filings.
  • Facilitate the application for a Director Identification Number (DIN).
• Filing with Registrar of Companies (ROC):
  • File all incorporation documents electronically with the ROC through the MCA (Ministry of Corporate Affairs) portal, ensuring accuracy and completeness.
  • Track the application status and address any queries from the ROC.
• Certificate of Incorporation:
  • Help the client obtain the Certificate of Incorporation, signifying the legal formation of the OPC.

II. Post-Incorporation Compliance:

• PAN & TAN Application:
  • Guide the OPC in obtaining a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number).
• Bank Account Opening:
  • Assist in opening a current bank account in the name of the OPC.
• Initial Compliance Requirements:
  • Advise on initial compliance obligations, including:
    • Appointing a statutory auditor
    • Maintaining statutory registers
    • Conducting the first board meeting
• Annual Compliance:
  • Provide ongoing support for annual filings with the MCA, including:
    • Annual Returns
    • Financial Statements

III. Business Support Services:

• GST Registration:
  • Determine if the OPC is required to register for GST and assist with the registration process.
• Accounting & Bookkeeping:
  • Offer accounting and bookkeeping services to help the OPC maintain accurate financial records.
• Taxation Advisory:
  • Provide guidance on tax planning and compliance, including income tax and GST.
• Business Development & Growth:
  • Offer consulting services to help the OPC develop business plans, identify funding opportunities, and grow their operations.

FAQs: One Person Company (OPC) Registration – Your Questions Answered

1. What is a One Person Company (OPC)?

An OPC is a type of company introduced in India under the Companies Act, 2013. It allows a single individual to form a company with limited liability protection. It’s like a private limited company but with only one shareholder and director.

2. What are the benefits of forming an OPC?

·         Limited Liability: Your personal assets are protected from business liabilities.

·         Separate Legal Entity: The OPC is a distinct legal entity, separate from the individual who owns it. This allows for easier contracting and business transactions.

·         Ease of Formation: The registration process is relatively straightforward compared to other company types.

·         Credibility: Having a registered company enhances your credibility in the eyes of customers, suppliers, and financial institutions.

3. Am I eligible to form an OPC?

You are eligible if you are:

·         An Indian citizen

·         Resident in India

·         Have not already incorporated an OPC (You can only have one OPC at a time).

4. What are the key requirements for OPC registration?

·         You need a unique company name.

·         You must appoint a nominee director who will take over the OPC in case of your death or incapacitation.

·         You need to prepare a Memorandum of Association (MOA) and Articles of Association (AOA).

·         You need to obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN).

5. How can The CauseConnect Team help me register my OPC?

We provide complete assistance with:

·         Eligibility Check: We’ll make sure you meet the criteria for forming an OPC.

·         Name Availability & Reservation: We’ll help you choose a suitable name and reserve it with the ROC.

·         Document Preparation: We’ll draft all the necessary incorporation documents accurately and in compliance with legal requirements.

·         DSC & DIN Application: We’ll guide you through obtaining your DSC and DIN.

·         ROC Filing: We’ll handle the online filing process with the Registrar of Companies (ROC).

·         Post-Incorporation Compliance: We’ll assist with obtaining a PAN, TAN, opening a bank account, and other initial compliance requirements.

6. What are the ongoing compliance requirements for an OPC?

·         Annual Filings: You need to file annual returns and financial statements with the MCA.

·         Statutory Registers: Maintain statutory registers, such as the Register of Members and Register of Directors.

·         Board Meetings: Conduct at least one board meeting every six months.

7. What other services do you provide that are relevant to OPCs?

·         GST Registration: We help you obtain GST registration if your business requires it.

·         Accounting & Bookkeeping: We can manage your financial records, ensuring accuracy and compliance.

·         Tax Advisory: We provide guidance on tax planning and compliance.

8. How much does OPC registration cost?

Our fees are competitive and transparent. We offer tailored packages to suit different budgets. Contact us for a free consultation and a personalized quote.

11. How do I get started with The CauseConnect Team?

Contact us today!

Sincerely,

The CauseConnect Team
+91 8076222021

 WhatsApp: https://wa.me/918076222021
causeconnect@trustngoprojects.org
https://trustngoprojects.org/ngo-support/ 

https://trustngoprojects.org/professionals-support/
Trustngo Projects and Innovation
310, Wadhwa Business Center, D-288-289/10, Laxmi Nagar, Delhi – 110092 India