OPC Registration in Maharashtra

One Person Company Registration in Maharashtra

The Online One Person Company (OPC) registration in Maharashtra, India is a streamlined and efficient procedure facilitated by the Ministry of Corporate Affairs (MCA). This approach aims to simplify the establishment of OPCs, a unique business structure ideal for solo entrepreneurs. The online registration process involves steps such as obtaining Digital Signatures, applying for Director Identification Number (DIN), name reservation, document submission, and incorporation. Leveraging technology, this digital process ensures convenience, transparency, and accessibility, allowing aspiring entrepreneurs to establish their OPCs with relative ease while adhering to the regulatory framework outlined by the Companies Act, 2013, and other relevant statutes.

Fortunately, if you wish to obtain OPC registration in Maharashtra, you do not need to engage in the traditional offline process. Vakilsearch offers an online option for easy submission of relevant documents to facilitate the OPC registration process.

Benefits of OPC Registration in Maharashtra

There are multiple OPC benefits that can help the founder to prosper. Here is a list of benefits given below:

• Gain Status and Credibility

  Any corporation that does business usually has a better degree of respect and assurance. This also assures greater trust from the customers point of view.

• Simple Funding

  A private limited corporation can raise funds through venture capital, angel investors, banking institutions, etc. if it is a one-person business. Any OPC has the ability to raise money and become a privately held business.

• A Single Owner

  It is better to have a single owner than several owners. It is highly useful to make judgments swiftly and do business without interruption or outside opinions. People that feel a sense of belonging can easily grow their enterprises.

• Credit Score

  One Person Company is still eligible to apply for the loan if the One Person Company's credit score is within acceptable bounds. The loan processing is also very easy!

Checklist for Registering OPC in Maharashtra

• 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.

Eligibility for OPC Registration in Maharashtra

OPC Eligibility criteria for One Person company registration is detailed below:

• Someone who resides in India and is an Indian national
• Any individual who has lived in India for at least 182 days in the preceding year
• Legal organisations like corporations or limited liability partnerships cannot join an one-person enterprise
• The minimum accredited capital must be ₹1 lakh
• An OPC should not use a minor as one of its members
• If an OPC transverses a revenue of more than ₹2 crores or has full capital greater than ₹50 lakhs then within six months, it must be converted to a private or public domain
• At least one shareholder, director, or nominee should be present here.

Documents Necessary for OPC Registration in Maharashtra

The following OPC documents are crucial for OPC registration in Maharashtra

• A copy of the owner's PAN card
• A passport-sized image of the owner
• Aadhaar card or voter identification card copy
• Rental agreement
• Water/Electricity Bill (business location)
• If you own property, a copy of the documents
• NOC from the landlord
• Important company documents like, DSC, DIN, MOA and AOA.

Process for OPC Registration in Maharashtra

Vakilsearch has simplified the whole OPC process for easy registration in 4 easy steps

• Step 1: Get in Touch With Consultant

  Consult an OPC registration specialist from Vakilsearch. We will help you with all the OPC registration procedure, prerequisites for eligibility, and compliance issues.

• Step 2: OPC Name Reservation

  To prevent duplication, our expert will assist you in choosing a distinct name for your OPC and reserving it with the MCA.

• Step 3: Preparation of Documents

  Our specialist will help you prepare the relevant paperwork, including the MOA, AOA, and other necessary forms, as well as the required disclosures.

• Step 4: Documentation

  Once the documents are ready, the expert will assist you in submitting the required paperwork to the MCA through the online system. Additionally, our team will guarantee that all the information is true and thorough.

• Step 5: OPC Pvt ltd Company Incorporation

  The MCA will provide a Certificate of Incorporation and the OPC will be formally registered following the application's verification. Additionally, the professional will help you get the PAN and TAN numbers for your OPC.

One Person Company Registration Fees In Maharashtra

The fees for OPC (One Person Company) registration in India vary based on the authorised capital of the company. There are the government fees associated with OPC registration and it varies from state to state. Please note that there may have been changes in the OPC fees since then, so it's advisable to consult a professional from Vakilsearch for up-to-date information.

Time Required for Registration of OPC In Maharashtra

The time required for the registration of an OPC (One Person Company) in Maharashtra , India Varies based on multiple factors. If provided all the documentation is in order and the process follows a smooth course without any legal or procedural complications. The timeline involves obtaining Digital Signature Certificates (DSCs), Director Identification Numbers (DINs), name reservation, document preparation, filing, and final approval from the Registrar of Companies (RoC). However, the exact duration can vary based on the workload of government authorities, the accuracy of submissions, and any specific state regulations or additional requirements.

Post-registration Compliances for OPC in Maharashtra

• Conduct at least one Board Meeting in each half of the calendar year, with a minimum gap of 90 days between the two meetings
• Maintain accurate and proper accounting records
• Subject Financial Statements to statutory audit
• File business income tax returns annually by September 30
• Submit Financial Statements via Form AOC-4 and ROC Annual Return using Form MGT-7.

Why Choose Vakilsearch for Opening an OPC in Maharashtra?

One Person Company (OPC) registration process can be overwhelming and time-consuming. However, with the professional and efficient OPC registration services offered by Vakilsearch, you can streamline the process and focus on building your business. From handling the paperwork to providing expert guidance, we are committed to helping you transform your entrepreneurial dream into a successful reality. So, choose our OPC registration services and take the first step towards building your own company with confidence and ease.