One Person Company Registration in Bihar
Looking into One Person Company Registration in Bihar? The One Person Company Registration in Bihar is a straightforward method that enables a single individual to start and operate a business with limited liability. For “One Person Company Registration in Bihar,” you must submit essential documents, including proof of identity, address, and a registered office location in Bihar. The “One Person Company Registration in Bihar” involves completing forms, submitting them to the Registrar of Companies (ROC), and paying the associated fees. By choosing “One Person Company Registration in Bihar,” you establish a separate legal entity for your business, which helps protect your personal assets and simplifies management. This registration offers a strong foundation for effectively managing contracts, finances, and other business operations.
Get Started with One Person Company (OPC) Registration in Bihar
One Person Company Registration in Bihar
The One-Person Company (OPC) setup, established by the Companies Act, 2013 in India, allows individuals to start their own businesses as independent legal entities with ease. This setup offers solo entrepreneurs asset protection, so they can focus on operating and scaling their business without worrying about personal financial exposure.
Setting up a One Person Company (OPC) in Bihar is easy and efficient. You can start your business with just one director while enjoying the advantages of limited liability. The procedure is regulated by the Ministry of Corporate Affairs (MCA) and follows the Companies Act, 2013. To ensure your OPC remains active, you need to file income tax returns, annual returns, and financial statements on time. Overall, OPC registration in Bihar is a favorable option for anyone aiming to launch a small business with minimal risk and simple regulations.
One Person Company Registration in Bihar - Package
- OPC Name Reservation
- DSC for Director & Nominee
- DIN for One Director
- MoA & AoA
- Company PAN and TAN
- Certificate of Incorporation (CoI)
- PF & ESIC Registration
- Company Bank Account
- INC 20A Form & ADT-1 Filing
- INC. Gov. Fees & Stamp Duty
Required Documents for One-Person Company Registration in Bihar
To easily set up an OPC (One Person Company) online in India, you’ll need these documents:
- PAN Card, Aadhaar Card or Passport of the Director and Nominee
- Latest Bank Statement or Passbook of the Director and Nominee (Not older than two months)
- Passport size Photo of the Director and Nominee
- Mobile Number & Email Id of the Director and Nominee
- Office Address – Latest Utility bills like Telephone/Gas/Electricity bill (Not older than two months)
Advantages of OPC Registration in Bihar
OPC registration offers several benefits that can significantly support the founder’s success and development. These advantages include:
Separate Legal Entity
An OPC is considered a separate legal entity, allowing it to sign contracts, own property, and take legal actions independently.
Tax Advantages
OPCs benefit from lower tax rates, exemptions, and deductions.
Simple Registration
In Bihar, setting up an OPC requires only one director, making the registration process simple and efficient.
Enhanced Reputation
In Bihar, an OPC is often regarded as more reputable than a partnership or sole proprietorship, which can help attract investors, clients, and suppliers.
Essential Checklist for OPC Registration in Bihar
- Minimum and Maximum of one member
- Appoint a nominee before incorporation
- Nominee consent in Form INC-3
- OPC name selected as per the provisions of the Companies (Incorporation Rules) 2014
- Minimum authorised capital of ₹1 lakh
- DSC of the proposed director
- Proof of registered office of the OPC.
Steps for OPC Registration in Bihar
Legal Kamkaj has simplified the whole OPC process for easy registration in 5 easy steps
Step 1: Get in Touch With Consultant
Contact an OPC registration expert at Legal Kamkaj. We will assist you with the entire OPC registration process, including eligibility requirements and compliance matters.
Step 2: OPC Name Reservation
To avoid duplication, our expert will help you select a unique name for your One Person Company and reserve it with the MCA.
Step 3: Preparation of Documents
Our specialist will assist you in preparing all necessary documents, including the Memorandum of Association (MOA), Articles of Association (AOA), and other required forms and disclosures.
Step 4: Filing of Forms
Once the documents are prepared, our expert will assist you in submitting them to the MCA through the online portal, ensuring that all information is accurate and complete.
Step 5: Certificate from MCA
After the application is verified, the MCA will issue a Certificate of Incorporation, officially registering your OPC. Our expert will also help you obtain the PAN and TAN numbers for your company.
Why Legal Kamkaj is Your Best Choice for OPC Registration in Bihar ?
The process of OPC registration in Bihar is simple and enables an individual to start and run a business. To register, you need to be a resident of India, possess a valid PAN card, and have a registered office address in India. The registration generally takes around 10-15 days. Additionally, the company must adhere to annual compliance requirements, such as filing annual returns and maintaining accounting records. Legal Kamkaj provides efficient and dependable solutions tailored to your needs, allowing you to concentrate on growing your business while we take care of the legal details.
Frequently Asked Questions about One-Person Company Registration in Bihar
For OPC registration in Bihar, the minimum authorized capital requirement is ₹1 lakh.
An individual eligible to be a nominee for an OPC in Bihar must be an Indian citizen and resident, adhering to the eligibility standards defined by the Companies Act, 2013.
The total cost for OPC registration can vary, but usually includes government fees, charges for professional services, and expenses for obtaining digital signatures. A typical package costs around ₹12,000, covering most of the necessary fees.
For an OPC in Bihar, it is essential to keep detailed financial records and file a yearly report with the Registrar of Companies (ROC). If the turnover exceeds ₹40 lakhs, the company is also obligated to have its accounts audited.