A company which has only one person as a member Section 3 - - PowerPoint PPT Presentation

 A company which has only one person as a member  Section 3 classifies OPC as a Private Company  Provisions related to the private company are applicable

to an OPC

 A person cannot form more than 1 OPC.

• Member and Nominee of OPC

shall be:- natural person, citizen of India and Resident in India*

• Written Consent of nominee in Form INC 3
• Share capital not be less than 1 lakh INR and not be more

than 50 Lakh INR

• No person shall be eligible to incorporate more than 1 OPC
• Registered office of the company Shall be established on the

date of incorporation Or 15th day of its incorporation

• It is a 8 Digit Unique Identification Number for Directors

What is DIN?

• Every individual intending to be appointed as director of a

company shall make an application for allotment of DIN to Central Government

• Application shall be made in e- form DIR 3 by using Digital

signatures of applicant

How to apply for it?

• Proof of identity :-
• In case of Indian National- PAN CARD is must
• In case of Foreign National- PASSPORT is must
• Proof of residence
• Copy of verification duly attested by authorized person
• Scanned high resolution recent passport size photograph
• f the applicant

What documents required to furnish with e-form?

• The government fees for filing form for allotment of DIN is Rs.

500/- per applicant

Fees

One Person Company To Registrar in E- Form INC 1 the names gets reserved for a period of 60 (Sixty) days

File an application for reservation of Name From the date

• f application

Application fee is

• Rs. 1000/-

Note:- The proposed name shall not be identical with or resemble too nearly to the name of an existing company registered under this Act or any previous company law, undesirable in the opinion of the Central Government, constitute an offence under any law for the time being in force.

Application in INC-1 (reservation of name to registrar Application in INC-2 (incorporation of Co.) On approval of name Within 60 days Registrar Application in INC 22 (Registered office ) If registered office is permanent

MOA shall be prepared as per Table A of Schedule I and it shall include the following clauses:-

• 1. Name Clause
• 2. Situation Clause
• 3. Objects Clause
• 4.Share Capital Clause

AOA shall be prepared as per Table F of Schedule I Copy of PAN residential proof of the member and the nominee Consent of nominee in Form INC-3 along with enclosures. Affidavit in Form No. INC-9. Specimen Signature duly verified by Notary or Bank Official in Form INC-10 Proof of registered office address Proof that the company is permitted to use the address of the registered

Registered

• ffice

Temporary Permanent

In case if company furnished Temporary Address as Address of Correspondence at the time of filing Incorporation Form INC 7

File form INC 22 along with reg. add. proof

within 30 days

• f incorporation.

at the time

• f Incorporation

(along with INC 7)

Attachments (any of the following):-

• Any utility bill which shall not be older than 2 months
• the authorization from the owner or

authorized occupant of the premises along with proof of

• wnership
• Notarized copy of lease or rent agreement in the name of the company not older than 1 month
• The registered document of the title of the premises of the registered office in the name of the

company

Registrar

On receipt of E - form INC-7 , E - form INC 22 (if required)

Issues Certificate

• f Incorporation

in Form INC 11

One Person company cannot commence any business or exercise any borrowing powers Until:- Fie with Registrar within 180 days

• f incorporation

A declaration in e- form INC 21 verification of its registered office in e- form INC 22

If any person furnishes any false or incorrect particulars of any information or suppresses any material information, of which he is aware in any of the documents filed with the Registrar in relation to the registration of a company or at any time after incorporation it is proved that false documents etc been filed, the promoter, the first Director and the person making declaration for incorporation shall be:-

 punishable with imprisonment for a term which shall not be

less than 6 months but which may extend to 10 years and

 shall also be liable to fine which shall not be less than the

amount involved in the fraud, but which may extend to three times the amount involved in the fraud.

Thank You!!