Characteristic features of OPC:

• The most striking feature is that it can have only one person as a director or a shareholder.
• He can effectively manage and control over the business.
• Member or the shareholder of the company will be act as a single director in the beginning of the firm, however it can have maximum of fifteen directors.
• Minimum capital investment should be around one Lakh.
• The act clearly states about the nominee, if suppose any unfortunate things happens to the director, the nominee can take the in charge and become the director of the concern.
• Prior mention should be there in the memorandum of association.
• The written consent from the nominee should be filed during the incorporation.
• The annual return has to be signed by the company secretary or else director of the firm.
• Annual general meeting can be hold as per their comfort. Board meeting should be conducted every half of a year.

Steps for company registration Procedure

STEP1 :

Obtain Director Identification Number:

First and foremost thing is to get a DIN for both the existing and a intended directors.

STEP2 :

Digital Signature Certificate:

To ensure the documents to be secured and get authenticity, one should get a digital signature certificate. Encryption and decryption of information will secure our documents and information. To submit and securing a documents electronically, the digital signature is important.

STEP3 :

Company name should be reserved with the help of ROC (Registrar Of Companies).

STEP4 :

After got the name approval, it’s mandatory to examine about the memorandum and articles of association.

STEP5 :

Obtain the certificate of incorporation.To incorporate a company, following documents are required they are as follows:

Required documents to be noted:

• Obtain a Tax Account Number (TAN) card.
• Permanent Account Number (PAN) need to be submitted.
• Articles of Association.
• Copy of letter from the register which indicates the approval of name.
• Power of attorney which says the consent of a person to act as a director.
• Registered office location and the particular details of the directors should be mentioned in a file and that should be either produced during the time of incorporation or else thirty days from the date of incorporation.

STEP6 :

Proof of identity along with address proof should be submitted and all the details about the director, members should be submitted as a document.

STEP7 :

Payment of fees:

After submitting all the documents the payment has to be made.

STEP8 :

Issuing of certificate:

Certificate of incorporation will be provided by the ROC after the crucial examination.