|| One Person Company Incorporation and Annual Compliance ||
    
	
 
  Whenever we plan to establish a company it's  necessary to overview all the benefits, features, process and eligibility. One  Person Company Registration is one such company that delivers excellent  benefits. OPC Registration is ideal for the businessperson who is willing to  start a venture alone. Before stepping into the world of companies it is  important for you to have a little overview of what an OPC Company is.
  One Person Company Meaning
    One Person Company (OPC) as the name suggests  the answer itself -is a company commence with only one member. One person can  perform as a shareholder and a director. one person company registration is a  separate legal entity separated from its promoter, it has its assets and  liabilities. The promoter is not individually liable to repay the debts of the  company. Only a single person can open an OPC company
 
 
  OPC Company Registration
    The OPC registration can be made online and  registered under the Company Act, 2013 with MCA & ROC &. The registration  states that only one person can be the director & shareholder of the  company. OPC company registration rules are discussed below, kindly go over the  rules for simple registration. One person company in India is separate from  the others. That is it requires only ‘One person’. Citizens and Residents of India are suitable  to incorporate a OPC company in India. One nominee person is also required in OPC  company in India. Nominees shall not participate in  shareholding of OPC registration. You can easily register one person company  under the edges of the Companies Act, 2013. The laws are simple that is the  single-person company to work as a company without the complexity of having  partners. This helps more people to come first to commence a business. The OPC  is fit for small companies where the yearly turnover is not expected to cross  Rs. 2 Crores. If an OPC crosses a  turnover of above Rs 2 crores or has a paid-up capital more than Rs 50 lakhs.  OPC registration online needs to be transformed into a private or public within  6 months. In OPC Registration it’s essential to note that the candidate or the  director must be Indian Resident.
  Requirements for One Man Company-  Requirements of OPC
    Register one person company you have to  fulfil the following requirements. So, have a look at the following  requirements
  
    - One Shareholder
- One 1 Nominee
- Minimum  capital as you think fit
- One Director
- Only  Indian residents can be Shareholder & Nominee
- DIN  (Director Identification Number) for all Directors
- The  directors and shareholders can be the same individual
- Director  must be an Indian resident
- DSC  for 1 Promoters & 1 witness
- Fulfilling  the requirements let’s have a look at the benefits of registering One Person  Company/OPC company.
The advantages of registering an OPC Company:
- A Separate legal entity
- Easy Funding
- Greater opportunities, Limited liability in OPC company
- Least Compliance Requirements
- Benefits in Taxation
What we provide inside the package?
    We are offering the most attractive package  of OPC Company registration in which you will get all requisite approvals and  certificates by MCA which is mandatory as per new provisions of Companies Act,  2013. Our deliverables as-
  
    - Name Approval
- MOA and AOA
- MCA Registration Process
- Certificate of Incorporation
- DIN of one director
- DSC of one director
- PAN and Tan Registration of  Company
- Provident Fund Registration
- ESIC Registration
- Profession Tax  Registration, if applicable
- Post-Incorporation Compliance-  1st Board Meeting, Auditor Appointment, INC-20A, Statutory declaration, Registers, Records etc
- Dedicated support of CA/CS
Document Required
    MCA Registration of One Person Company does  require some major documents and forms. So, before enlisting the documents  required let’s have look over the necessary forms for one person company  registration:
  
    - Copy  of PAN Card of owner
- Passport  size photograph of the owner
- Copy  of Aadhaar Card/ Voter identity card
- Copy  of Rent agreement (If rented property)
- Electricity/  Water bill (Business Place)
- Copy  of Property papers (If owned property)
- Landlord  NOC (Format will be provided)
- Passport  (Foreign Nationals & NRIs) or PAN Card
- Scan  copy of Current Bank Account Statement, Phone or Mobile Invoice, Electricity or  Gas Invoice
Annual Compliance for OPC
OPC is under obligation to submit annual reports. OPC Annual compliance may includes Auditor appointment , statutory auditing , annual ROC filing , DIN KYC of director and Income Tax filing. Apart from this TDS Filing , GST Filing , Provident Fund Filing etc. compliances may be applicable to OCP on certain conditions.
Furthermore, it is important for One Person Company to maintain the OPC compliance with Companies Act as well as the Income Tax Act, and other regulations if applicable.
How the companywala help?
  Our Professional Services helps to choose the  correct structure, pre and post Incorporation Service which are cost-efficient  and competing with different businesses. We work for customer benefits- Aim is  to make the customer happy with our prosperous services. 
For getting any kind  of assistance related to your business, contact with our professionals on info@thecompanywala.com
Disclaimer:- The materials provided herein are solely for information purposes and shall not be treated as solicitation in any manner and for any other purpose whatsoever. It shall not be used as legal opinion and not to be used for rendering any professional advice. The material s written on the basis of the provision applicable as on date of writing of this article.