Biz Registration is a trustworthy company providing registration, incorporation, company formation, and business registration services. Let’s understand how Biz Registration could help you in your pursuit to start your own business.

It is the first and only business registration solution for your convenience. It does not matter if you have an idea or have been in business before, we can make all the difference for you by providing services that are reliable and easy to use. Registration at Biz Registration is simple, inexpensive, and hassle-free.

Let’s discuss the procedure of ONE PERSON COMPANY (OPC). We will provide you with all the details regarding the operations of a one-person company.

What is One Person Company? A One Person Company (OPC) is a hybrid of a sole proprietorship and a corporation. It is an inexpensive and simple corporate form in India and has been very popular with small businesses looking to reduce their tax and legal compliance burden. It has received various concessions regarding compliance requirements under the Companies Act.

To register as a one-person company, you will need to possess personal knowledge of all the requirements. These include authenticity, creditability, transparency, etc. Further, you will need to know about various authorities such as the Company Secretaries, Registrar of Companies in India, etc. OPC registration is also a good starting point for companies considering going public - though many companies need to formalize their operations before making that move.

OPC is one of the simplest corporate entities to manage in India. The government fees for registering a One Person Company (OPC) in India are based on the company's nominal share capital. For instance, the government fees for OPC registration with a share capital of ₹ 100,000 are ₹2,000/-. In contrast, if the nominal share capital ranges from ₹ 10, 00,000 to ₹ 50, 00,000 - ₹ 2,000 per share will be added for every ₹ 10,000 or part thereof of nominal share capital.

To register, the following documents are mandatory.

• Passport or PAN card
• NRIs and foreign nationals must have a passport.
• Documentation of driver's license or voter identification,
• Scanned Gas or electricity bill/bank account statement/mobile or landline phone bill (that has been updated)
• Sample signature or impression
• Passport-size photograph
NOTE -
• The OPC director needs to attest to the leading three documents.
• All documentation for a foreign citizen or NRI must be notarized (if they are currently residing in India or another Commonwealth country) or apostilled (if living in a commonwealth country at present).

Documents Required for the Registered Office

• Scan of a current bank account statement/phone or mobile bill/gas or electricity bill
• A scanned full statement of a rental agreement in English
• A scanned full text of the involved property landlord's no-objection certificate
• A property or sale deed that has been scanned and written in English (if the property is owned).

It should be NOTED that your registered office space must be a commercial establishment; however, it can also be the sole director's residence.

Get your OPC registered with Biz Registration within 5 days at ₹ 5999/-