In India, a company with only one member is referred to as an OPC, or one person company. The concept of the One Person Company is already revealed by the name. It is a new type of organization in India and very different from the other corporate structures.
The OPC came into existence on the assumption that a single member may effectively run everything if they have a game-changing idea and the capacity to develop a business.
Choose SimpleFilings if you genuinely want to learn more and receive professional advice for the name of your business as well as for the entire online application process, from drafting to filing. The ideal company in the field of business registration is one that offers a wide range of services. It is a one-stop solution for OPC registration.
One person company registration
One person company registration is crucial because it protects the person who incorporated it. According to the Act of 2013, OPC is a private limited company. One of the key prerequisites to incorporate an OPC, was to be a resident of India. Thankfully, the companies (Incorporation) second amendment rules, 2021 lifted that prerequisite and has allowed NRIs to establish OPCs in India. Limited liability is one of the main advantages of establishing the OPC. You can register your company with SimpleFilings using simple steps, or you can hire advisors to register a one-person company at your convenience.
Benefits of a one-person company registering
The many advantages that come with one person private limited company registration in India. It increases your chances of experiencing rapid growth, supporting solitary entrepreneurs in taking the initial step toward reaching their goals and objectives. A registered OPC offers many benefits and demonstrates your commitment to your business. OPC limits its members’ liability to the company's assets. Additionally, it aids in establishing your company's trustworthiness
Documents for registering an OPC
In India, forming a one-person company (OPC) is a straightforward procedure that calls for the following papers. These documents are required for registration before a business owner can begin operations. A Director Identification Number (DIN) and a Digital Signature Certificate (DSC) are mandatory as one person company registration documents.
The government is supporting the OPC to increase people's motivation to pursue entrepreneurship as a career option. This will also strengthen the nation's economy. You don't need to be concerned about the lengthy registration process or the high cost. SimpleFilings is the best solution for your issue. It provides reasonable one person company registration in India.