One Person Company Registration in Madhya Pradesh
Get Started with One Person Company (OPC) Registration in Madhya Pradesh
One Person Company Registration in Madhya Pradesh
The One-Person Company (OPC) concept, brought into effect by the Companies Act, 2013 in India, provides an easy way for individuals to establish businesses as separate legal entities. This setup protects the personal assets of solo entrepreneurs, allowing them to concentrate on business operations and growth without the fear of personal financial liabilities.
Setting up a One Person Company (OPC) in Madhya Pradesh is both easy and effective. You can operate your business with a single director and take advantage of limited liability. The process is regulated by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. To keep your OPC in good standing, you must file income tax returns, annual returns, and financial statements on schedule. Overall, OPC registration in Madhya Pradesh is a great option for anyone interested in starting a small business with low risk and simple compliance requirements.
One Person Company Registration in Madhya Pradesh - 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
List of Documents for OPC Registration in Madhya Pradesh
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 Madhya Pradesh
The advantages of OPC registration are significant and can substantially aid the founder’s growth and success. Some key benefits include:
Independent Legal Entity
An OPC functions as an independent legal entity, capable of entering contracts, holding property, and initiating legal actions independently.
Tax Benefits
OPCs can enjoy financial advantages such as reduced tax rates, eligibility for tax exemptions, and various deductions.
Easy Formation
Setting up an OPC in Madhya Pradesh is straightforward, requiring only one director for the online registration process.
Increased Credibility
An OPC in Madhya Pradesh is often regarded as more reputable than a partnership or sole proprietorship, which can help in attracting investors, clients, and suppliers.
Requirements for OPC Registration in Madhya Pradesh
- 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 Madhya Pradesh
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 Opt for Legal Kamkaj for Your OPC Registration in Madhya Pradesh?
The process for OPC registration in Madhya Pradesh is uncomplicated, allowing individuals to start and operate a company. To register, you need to be an Indian resident, possess a valid PAN card, and have a registered office address within India. The entire process generally takes 10-15 days. Additionally, the company must follow annual compliance obligations, such as filing an annual return and maintaining proper accounting records. Legal Kamkaj offers prompt and trustworthy solutions tailored to your requirements, letting you concentrate on business growth while we manage the legal formalities.
Common Questions on OPC Registration in Madhya Pradesh
To be eligible as a nominee for an OPC in Madhya Pradesh, an individual must be an Indian citizen and resident, fulfilling the requirements specified by the Companies Act, 2013.
The registration cost for an OPC may vary, including government charges, service fees, and digital signature costs. Typically, you can anticipate a total cost of about ₹12,000 for a complete package.
An OPC in Madhya Pradesh needs to keep accurate financial records and submit an annual report to the Registrar of Companies (ROC). Should the turnover surpass ₹40 lakhs, an audit of the company’s accounts is also required.