Our latest blog post exposes the biggest contribution of One person company registration to humanity in a rather useful manner.

2.  The person who is the resident of India can be applied for
the OPC registration steps. Basically, the Indian resident in the
sense he must have stayed in India not less than 182 days.
 The person cannot be able to register more than one OPC.
 Probably, the customer should not be the nominee of more
than one OPC.
 In order that the minimum paid-up capital is 50lakhs and the
average turnover is 2 cores.
 The non-banking financial institutions can’t bear the OPC
rules.

4. Attaining the digital signature
certificate:
 Basically, the company
registration application is done
online under the MCA-21.
 The information technology
Act 2000 states that the digital
signature is mandatory to sign
digitally on all the documents.
Significantly, it ensures the
authentication on documents.
 The time taken for the DSC
certification is 1-3 working
days. For the purpose of, it all
depends on the nature of CA’s.
DSC is issued by registered
certifying authorities.
The registered certifying
authorities are
 Disclosure Record of
Safescrypt CA.
 Confession Record of iTrust
CA (IDRBT)
 Disclosure Record of (n) Code
Solutions CA.
 Confession Record of e-
Mudhra CA.
 Disclosure Record of CDAC
CA.
 Confession Record of NSDL e-
Gov CA.
 Disclosure Record of
Capricorn CA.
 Confession Records of
Verasys CA.

6.  Address Proof
 Aadhaar card
 PAN card
 Photo
 Email Id
 Phone Number

7.  The DIN can be applied for the director with
appropriate data proofs on the SPICe form.
For the existing company registration, the
Form DIR-3 options are available. From
January 2018, the client need not file the
form DIR-3 separately.
 Based upon the latest updates the DIN can
be applied up to 3directors within the SPICe
form. Obtaining the DIN takes 3 working
days.

8.  The next step for the Filing needs a valid name for
the company. The name should contain the suffix as
“Private Limited”.
 There are two options for getting the name as
approved. Eventually, one is filing the application in
the Form SPICe 32 and another one is using the
RUN web service of MCA. The ministry called a new
law for OPC name validation.
 It includes from March 23 onwards the client can
possess 2 proposed names and one resubmission.
Despite, after the approval by MCA, we can apply
for the next further route.

9.  MOA (Memorandum of association) these are the
objectives that the company needs to follow or the
company that is going to register should follow.
 Article of Association: I mean, there are certain types
of laws which are following by the companies.
 PAN and aadhaar card of the nominee for the OPC
Registration.
 Proof of the registered office of the company and also
the ownership proof and NOC from the owner.
 Although, agreement of the proposed director of the
Form INC -9 and DIR – 2 respectively.
 Form filing with MCA:

10.  After the verification done by the registrar of
the company (ROC), they will produce a
registration application and we can
confidently start the company.

11.  There are no additional tax advantages
on OPC over any forms. However, the tax
rate is 30%. Other taxes include MAT &
Dividend tax applies as they apply to any
other form of company.

14.  The name should be simple and meaningful.
 Should not contain any banned words.
 Even though, entirely different from the
entire companies.
 No need to enter the suffix as limited
or private Limited.
 It should not disrupt any laws.

15.  A minor person
 The person who is incapacitated by contract
 Foreign citizenship
 Non-resident

23. Regarding the Income Tax Act, 1961,
private companies have to pay the tax
bracket 30 % on total income. On the
other hand, sole proprietors are taxed at
the rates applicable to individuals.
Alternatively, the elementary income tax
rate for an OPC is 30% which may result
in a higher tax as compared to the
income tax slab rates of an individual
(i.e. 10% to 30%).