One Person Company Registration in Uttar Pradesh

One Person Company Registration in Uttar Pradesh

One Person Company (OPC) registration in Uttar Pradesh is a legal process that allows a single individual to register and operate a company with the Registrar of Companies (ROC). The Companies Act of 2013 as well as the guidelines established by the Ministry of Corporate Affairs (MCA) govern the procedure. It requires a list of documents and once these are obtained, the applicant can apply for the name reservation of the company with the ROC. The applicant must provide the proposed name of the company, along with supporting documents and fees.

Benefits of OPC Registration in Uttar Pradesh

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

• Minimal Compliance Requirements

  The modest compliance requirements of an OPC make it a desirable choice for business owners who want to launch a company without having to deal with onerous legal obligations.

• Easy to Manage

  An OPC is easy to manage as it has a simple structure and fewer compliance requirements. The owner can manage the company without any interference from other shareholders or directors.

• Single Ownership

  An OPC can be owned and operated by a single individual, which makes decision-making faster and efficient.

• Separate Legal Entity

  The legal position of an OPC is the same as that of a private limited company because it is a distinct legal entity. This makes it simpler for the business to sign contracts, borrow money, and hire staff.

Checklist for Registering OPC in Uttar 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.

Eligibility for OPC Registration in Uttar Pradesh

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

• Only a person who is a resident of India can form an OPC
• The applicant must be at least 18 years of age
• One OPC can only be formed by one person at once
• The individual must possess a current PAN card
• A Director Identification Number (DIN) should be assigned to the potential OPC director
• The OPC should have a registered office address in Uttar Pradesh
• The OPC should have a minimum authorised capital of ₹1 lakh
• The OPC should comply with all the annual compliance requirements, such as filing an annual return and maintaining books of accounts.

Documents Necessary for OPC Registration in Uttar Pradesh

The following OPC documents are crucial for OPC registration in Uttar Pradesh

• 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 Uttar Pradesh

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

• Step 1: Talk With Expert

  To find out more about the requirements for eligibility, the OPC registration process, and compliance challenges, speak with an expert.

• Step 2: Reserve the OPC Company Name

  The expert will work with you to select a unique name for your OPC and reserve it with the MCA in order to avoid duplication.

• Step 3: Documentation

  The expert will assist you with completing the essential paperwork, such as the MOA, AOA, and other applicable forms, as well as the necessary disclosures.

• Step 4: Filing of Forms

  The expert will help you submit the necessary papers to the MCA using the online portal once the documents are prepared. The expert will also promise that all the material is accurate and complete.

• Step 5: Certificate of Incorporation

  Following the application's verification, the MCA will issue a Certificate of Incorporation, and the OPC will then be officially registered. The expert will also assist you in obtaining the PAN and TAN numbers for your One Person Company.

One Person Company Registration Fees In Uttar Pradesh

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 Uttar Pradesh

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

• 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 Uttar Pradesh?

OPC registration is a popular choice for entrepreneurs who wish to operate their businesses as a separate legal entity with only one owner. With Vakilsearch's expert assistance, OPC registration is a breeze. Trust us to take care of all the legal formalities while you focus on growing your business with confidence. We will help in providing the DSC, DIN, name approval through RUN (Reserve Unique Name), and submission of required paperwork. In Uttar Pradesh, there is no minimum capital required for OPC registration and Vakilsearch offers a complete solution for the same.