Reasons to Register a OPC
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Separate Legal Existence
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The entity is separate from the owner, unlike a proprietorship firm
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Enter into a contract with the parties
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Actions of the company are independent of the owner
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Lower Compliance Requirements
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Exemption to many compliances unlike a private company
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Compliances like holding General and Board Meeting, etc. are not applicable to OPC
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Limited Liability of Owners
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Liability of a member is limited to the unpaid amount of the capital subscribed
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Documents required
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PAN Card of shareholders and Directors.
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Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors
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Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors
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Latest photograph of Shareholders and Directors
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Latest Electricity Bill/ Telephone Bill of the registered office address
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NOC to be obtained from the owner(s) of registered office
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Rent Agreement of the registered office
Minimum Requirements
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The shareholder must be individual and Indian resident
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DSC (Digital Signature Certificate) for Promoter
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At least one director is appointed, who shall be an Indian resident
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A nominee who is above the age of 18 years and Indian resident must be appointed as Nominee on registration
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Directors and shareholders can be the same person
Final Deliverables
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DIN for Directors
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Company Name Approval
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MOA + AOA
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Incorporation Certificate
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Company PAN Card
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Company TAN/TDS Number
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Bank Account Opening Document Support