One person company registration in Calicut

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    What does OPC mean?

    OPC stands for One person company, which gives every single person who has business ideas to start the company individually without any partnership or second person. Kerala is the state which has a high literacy rate and there is no doubt the state will have more creative people who have many business ideas. For these kinds of people, OPC company registration in Calicut is utilized. All the features are common as of the private limited company but this is one of the kinds of private limited organization with only one number. Choosing a reliable company like us will help you to get the certification without any hassle.

    Some restrictions of One Person Company (OPC)

    • A person shall not be eligible to incorporate more than a One Person Company or become nominee in more than one such company.
    • One person is eligible to have only one OPC and more the one nominee is also not allowed.
    • Minors cannot become a nominee.
    • Any company which is registered for OPC cannot be incorporated or converted into a company under Section 8 of the Act.
    • Non-Banking Financial Investment activities including investment in securities of any body corporate are not allowed for those OPC registered companies.
    • An OPC cannot convert voluntarily into any kind of company unless two years have expired from the date of incorporation of One Person Company, except threshold limit (paid-up share capital) is increased beyond Rs.50 Lakhs or its average annual turnover during the relevant period exceeds Rs.2 Crores

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    Important things to know about One Person Company(OPC)

    • As stated before OPC can be registered with a single person as a member, but it has the advantage of having 15 Directors in its concern.
    • According to the Sub- Section 62 of Section 2 of The Companies Act, 2013, One Person Company means a company which has only one member.
    • The additional requirement for OPC registration is to fill up the nominees so that these nominees can undertake the management responsibilities in case of the death of a Sole member.
    • It gives an opportunity to expand their business globally
    • OPC registration can help in legal protection for business, access to credits, bank loans, access to market, etc, all in the name of a separate legal entity.

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    Documents required for One Person company setup

    For Director:

    • Pan card
    • Voter’s ID/Passport/Driver’s License
    • Copy of banks latest statement, electricity bill or telephone bill
    • Signature of the member
    • Passport size photo scanned copy

    For office registration:

    • Copy of banks latest statement, electricity bill or telephone bill
    • NOC from the property owner
    • Rental agreement with a notary signature
    • In the case of owned property, the property or sale deed in English should be submitted

    Steps involved in OPC Registration

    There is a step by step procedure to complete OPC registration in Calicut, according to the companies Act 2013.

    Step 1: Collecting all the required documents

    Step 2: Need to get DSC and DIN

    Step 3: Through RUN, should get approval  for acquiring the name

    Step 4: With MCA, should file all the incorporation documents

    Step 5: Once after the application submission with MCA, you will receive the certification of incorporation in a required framework.

    All these steps may look easy, but on each step especially on document gathering and submission there needs a lot of guidance, so it is better to incorporate an expert like us to get you certification on a fixed time frame.

    What is required to register for OPC  ?

    • 1 director/shareholder/member
    • Only an Indian resident can incorporate this 
    • 1 nominee is required in case if the sole member expires
    • Maximum capitalization allowed is about 50,000 and the turnover should not exceed Rs. 2 crores.

    Why does a company need OPC registration?

    If your desire is to see a small scale company then this OPC Company formation in Kozhikode is ideal for you and has the following benefits.

    • It has a Limited Liability
    • The company has the Corporate Identity and legal status
    • Definitely it gives a brand identity for your business
    • It helps to get financial funds from banks and institutions
    • The decisions were made very fastly
    • The management is very flexible
    • It has tax benefits