One Person Company Registration in Odisha
Looking into One Person Company Registration in Odisha? The One Person Company Registration in Odisha is a straightforward process that enables an individual to establish and operate a business with limited liability. For One Person Company Registration in Odisha, you’ll need to present documents such as proof of identity, proof of address, and a registered office located in Odisha. The One Person Company Registration in Odisha involves filling out forms and submitting them to the Registrar of Companies (ROC), as well as paying the necessary fees. Opting for One Person Company Registration in Odisha ensures that your business will have a separate legal identity, protecting your personal assets and streamlining business management. This registration offers a solid basis for your business, making the management of contracts, financials, and other operations more efficient.
Get Started with One Person Company (OPC) Registration in Odisha
One Person Company Registration in Odisha
The One-Person Company (OPC) structure, introduced in India under the Companies Act, 2013, provides a simple way for individuals to start their own businesses as separate legal entities. This setup gives solo entrepreneurs protection for their personal assets, so they can concentrate on running and growing their business without worrying about personal financial risk.
Setting up a One Person Company (OPC) in Odisha is a seamless process. You can manage your business with a single director and enjoy the advantages of limited liability. The registration process is monitored by the Ministry of Corporate Affairs (MCA) and is in line with the Companies Act, 2013. Keeping your OPC in good standing requires the timely submission of income tax returns, annual returns, and financial statements. In summary, OPC registration in Odisha provides a convenient and low-risk way to start a small business with straightforward compliance requirements.
One Person Company Registration in Odisha - 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
Key Documents Needed for OPC Registration in Odisha
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)
Opportunities with OPC Registration in Odisha
OPC registration offers numerous benefits that can greatly assist the founder’s success. These include:
Distinct Legal Status:
An OPC is considered a separate legal entity, capable of entering into contracts, owning assets, and initiating legal actions independently.
Financial Advantages:
OPCs can access various tax benefits, including reduced rates, exemptions, and possible deductions.
Easy Formation:
In Odisha, setting up an OPC is efficient with only one director required, making the online registration process straightforward.
Greater Credibility:
An OPC in Odisha is often seen as more reputable than partnerships or sole proprietorships, potentially helping in attracting investors, clients, and suppliers.
Requirements for Establishing an OPC Registration in Odisha
- 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.
Guide to OPC Registration in Odisha
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 Ideal Choice for OPC Registration in Odisha ?
Frequently Asked Questions on OPC Registration in Odisha
The authorized capital required for OPC registration in Odisha starts at ₹1 lakh.
OPC registration costs differ, but generally encompass government fees, service charges, and digital signature expenses. Expect to pay approximately ₹12,000 for a complete service package.
An OPC operating in Odisha must maintain financial records and file a yearly report with the Registrar of Companies (ROC). An audit is necessary if the turnover exceeds ₹40 lakhs.