OPC Registration in Mizoram

One Person Company Registration in Mizoram

OPC registration in Mizoram refers to the process of registering a One Person Company (OPC) in the state of Mizoram, India. It allows entrepreneurs to start a company with just one director and limited liability. An OPC must comply with various regulations and laws applicable in Mizoram, such as the Companies Act, 2013, and the Income Tax Act, 1961. Our team of experts at Vakilsearch can complete the whole process of One person company in Mizoram in 3 easy steps.

Benefits of OPC Registration in Mizoram

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

• Limited Liability

  One of the main benefits of OPC registration in Mizoram is limited liability. As a result, the company's liability is constrained to the amount of money invested, and the director's personal assets are not at risk in the event of any monetary or legal problems.

• Its a Legal Entity

  Since an OPC is regarded as a distinct legal entity, it is able to contract, own property, and bring or receive legal action on its own behalf.

• Easy to Start

  An OPC can be set up with just one director, which makes the registration process simple and efficient.

• Tax Advantages

  Numerous tax advantages, including reduced tax rates, tax exemptions, and deductions are available to OPCs.

Checklist for Registering OPC in Mizoram

• 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 Mizoram

A natural person who is both an Indian citizen and an Indian resident may form an OPC in Mizoram. 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
• When establishing an OPC, it is not permitted to be a member or nominee of more than one OPC
• The Company Act of 2013 states that the person who founded the OPC cannot be disqualified.

Documents Necessary for OPC Registration in Mizoram

The following OPC documents are crucial for OPC registration in Mizoram

• 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 Mizoram

Our team can help you open a One Person Company in Mizoram easily. The whole process for OPC registration in Mizoram 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 Mizoram 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: 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, our team 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 Mizoram

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 Mizoram

The time required for the registration of an OPC (One Person Company) in Mizoram , 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 Mizoram

• 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 Mizoram?

OPC in Mizoram are eligible for limited liability and can register without having to meet any minimum capital requirements. In order to register an OPC, a number of incorporation paperwork must be obtained, and the Memorandum and Articles of Association must be written. All of these demands will be handled by our staff, along with the submission of the incorporation paperwork with the Registrar of Companies (RoC). At Vakilsearch, we recognise the value of a solid legal framework for your company. Trust in us for professional OPC company registration services, and begin your company venture with the security and trust you require.