OVERVIEW

About One-Person Company Registration in Noida

“Starting a business is one of the most interesting and rewarding experiences of anyone’s life. One of the critical decisions made by the entrepreneur while starting this journey is the selection of his business entity.

The choice of the business entity has long-term implications throughout the business life cycle. Hence, it is important to discuss your business plan with a professional and choose an entity that will support the vision of the business.

The growth of trade and business led to many problems that traditional forms of business did not solve. For example, the unlimited liability feature of a sole proprietorship form of business resulted in people forming partnerships, but even that proved to be too inadequate and risky.

One Person Company Registration is a new concept introduced by the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture.

An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business as a registered entity.

Checklist for One Person Company Registration in Noida:

1. Only One shareholder and one Nominee required
2. At least 1 Director – Maximum of 15
3. At least 1 director should be a resident of India
4. Directors and shareholders can be the same person.
5. An address that acts as a registered address of the company

The type of PLC that is most suitable for a business will depend on its objectives, industry, and target audience. It is important to consider the legal and financial requirements of each type of PLC before deciding which one to register.

DOCUMENTS REQUIRED

Documents required for OPC One Person Company Registration in Noida

For Director/Shareholders:

• Self-attested Pan card
• Self-attested Voter id or Driving license or Passport
• Self-attested Bank statement or electricity/telephone/mobile bill
• Recent passport-size photo

For Nomiee:

• Self-attested Pan card
• Self-attested Voter id or Driving license or Passport
• Self-attested Bank statement or electricity/telephone/mobile bill
• Recent passport-size photo

For the Registered address of the company:

If the premise is rented/leased

• Copy of the Electricity bill of the owner
• Rent or lease agreement
• NOC from the owner of the property

If the premise is Owned

• Copy of the Electricity bill of the owner
• NOC from the owner of the property

REGISTRATION PROCESS

Process for One-Person Company Registration in Noida

• Name Reservation
• Procurement of Digital signatures
• Preparation of Incorporation documents
• Drafting of MOA/AOA
• Filling of Incorporation documents with MCA
• Filling of Registered office
• Filing of commencement of Business after Incorporation
• Issue of Share certificate to shareholders

WHY US

What will you get from us for One Person Company Registration

• Two Class 3 Digital Signatures
• 2 Director Identification Numbers
• Company Name Approval
• MOA/AOA
• Certificate of Incorporation
• Company PAN & TAN
• Company PF/ESI number
• Company Shop and Establishment Registration
• Incorporation Kit
• Hard-copy Share Certificates
• Commencement of Business Certificate
• Bank Account opening document
• Document Formats
• First auditor appointment

An additional benefit of One Person Company Registration

1. Bank Account Opening
2. Free Domain
3. Free Website up to 5 pages
4. Listing on Social media platforms
5. Listing on Google My Business for nearby business
6. Razor pay/Payu money payment gateway for online payment

Top 10 Advantages of One-Person Company Registration

Here are the top 10 advantages of registering as a One Person Company Registration in India:

• Limited liability protection: One Person Private Limited Company structure provides limited liability protection to the owner, which means that the personal assets of the owner are not at risk in case of any financial loss or legal liabilities of the business.
• Separate legal entity: A One Person Private Limited Company is a separate legal entity from its owner, which means it can enter into contracts, acquire assets, and sue or be sued in its own name.
• Easy to form: It is relatively easy and quick to form a One Person Private Limited Company compared to other types of companies, and it requires minimal paperwork and compliance requirements.
• Perpetual existence: The existence of a One Person Private Limited Company is not affected by the death or retirement of its owner, and it continues to exist as a separate legal entity.
• Greater credibility: A One Person Private Limited Company structure provides greater credibility to the business in the eyes of customers, suppliers, and investors compared to a sole proprietorship or partnership.
• Better access to funding: It is easier to raise funds and attract investments with a One Person Private Limited Company structure as investors have greater confidence in the company’s structure and governance.
• Tax benefits: One Person Private Limited Companies can avail various tax benefits such as lower corporate tax rates and tax exemptions available to small and medium-sized companies.
• Easy transfer of ownership: Ownership of a One Person Private Limited Company can be easily transferred by transferring the shares of the company to another person.
• Professional management: One Person Private Limited Companies are required to have a board of directors, which provides professional management to the business and ensures better governance.
• Greater flexibility: One Person Private Limited Companies have greater flexibility in terms of management and decision-making compared to other types of companies as the owner has full control over the business.