OPC Registration in Meghalaya

One Person Company Registration in Meghalaya

One Person Companies (OPC) in Meghalaya is a unique business sector that can only be formed by one person. Any Indian citizen can open an OPC in Meghalaya easily without much hassle through Vakilsearch. In fact the government allows you to register without any capital. You don't have to follow the offline process to get an OPC registration in Meghalaya. You can easily register for the OPC online with us by submitting the necessary paperwork.

Advantages of OPC Registration in Meghalaya

OPC benefits are numerous and can significantly support the founder's growth and success. Some of these advantages include:

• Easy Succession

  The Companies Act of 2013 also gives a stakeholder the option of designating a successor to run the company in the event of their death or incapacity. Additionally, this allows the OPC to continue operating even after the first director retires.

• Market Value

  One person firms formed under the Companies Act are likewise eligible for the same advantages that come with being listed as a private limited company.

• Easy Credit Facilities

  Since it is legal and contains a permanent succession clause, banks and other financial institutions favour this kind of business.

• Limited Liability Protection To the Directors and Shareholder

  Unquestionably, the shareholders' desire for limited accountability is what spurred them to establish the One-person company in Meghalaya.

• Simpler Returns Filing

  Although an OPC must submit the requisite yearly filings and have its finances audited, doing so is straightforward with the director's signature; a company secretary's signature is not necessary.

Checklist for Registering OPC in Meghalaya

• 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 Meghalaya

A natural person who is an Indian citizen and a resident of India may establish an OPC (One Person Company). OPC Eligibility criteria for one person company registration are detailed below:

• An OPC can only be formed by an Indian person who lives in India
• A corporate or legal body cannot form an OPC; only a natural person may do so
• The OPC must be formed by a member who is at least 18 years old
• Only one shareholder and one director are permitted for an OPC
• It is forbidden to be a member or nominee of more than one OPC when establishing an OPC
• According to the Companies Act, 2013 the individual founding the OPC cannot be disqualified.

Documents Necessary for OPC Registration in Meghalaya

The following OPC documents are crucial for OPC registration in Meghalaya

• ID proof of the Director
• PAN card
• Address proof in the name of the Director
• Passport size photographs
• Any utility bill in the name of the director

Process for OPC Registration in Meghalaya

Our team can help you open a one person company in Meghalaya easily. The whole process for OPC registration in Meghalaya is explained here. Vakilsearch has simplified the whole OPC process for easy registration in 4 easy steps

• Step 1 : Get in Touch with Consultant

  Consult a specialist and clarify all the doubts about the One Person Company in Tamil nadu procedure, prerequisites for eligibility, and compliance issues.

• Step 2 : OPC Company Name Reservation

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

• Step 3 : Preparation of Documents

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

• Step 4 : Filing of Forms

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

• Step 5 : Certificate of 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 Meghalaya

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 Online Company Registration in India 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 Meghalaya

The time required for the registration of an OPC (One Person Company) in Meghalaya, 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’s In Meghalaya

• 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 Meghalaya?

With the benefits of limited liability, separate legal entity, and ease of management, OPC company in Meghalaya is an excellent option for entrepreneurs who want to start a company with a single-member. By following the guidelines and seeking professional help if needed, entrepreneurs in Meghalaya can quickly and efficiently register their OPC and embark on their entrepreneurial journey. We can simplify the process and ensure that your business is set up for success. Trust in our experience and expertise to help you navigate the complexities of registration and start your journey as an entrepreneur with confidence.