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WHAT ARE THE DOCUMENTS REQUIRED FOR OPC ?

WHAT ARE THE DOCUMENTS REQUIRED FOR OPC?

WHAT ARE THE DOCUMENTS REQUIRED FOR OPC?

DOCUMENTS REQUIRED

  • Form INC-1: This is the application form for incorporating an OPC. It must be filled by the member of the OPC and submitted to the Registrar of Companies (RoC).
  • Memorandum of Association (MOA): This is the document that sets out the OPC’s constitution. It must include the OPC’s name, objectives, and capital structure.
  • Articles of Association (AOA): This is the document that sets out the OPC’s operating rules. It must include the OPC’s management structure, decision-making process, and other operational matters.
  • Nominee declaration: This is the document that appoints a nominee who will act as the member in case the member dies or becomes incapacitated. The nominee must be a natural person who is resident in India.
  • Director identification number (DIN): This is a unique identification number that is required for all directors of companies in India. The member of the OPC must obtain a DIN from the Ministry of Corporate Affairs (MCA).
  • Proof of identity: This could be a passport, driver’s license, or voter ID card.
  • Proof of residence: This could be a utility bill, bank statement, or rent agreement.
  • Fees: The RoC will charge a registration fee for incorporating an OPC. The registration fee is currently INR 1,000.

Once you have submitted all of the required documents, the RoC will process your application and issue a certificate of incorporation for your OPC. The certificate of incorporation is the official document that establishes the existence of your OPC.

ADDITIONAL DOCUMENTS REQUIRED

  • Audited financial statements: If the OPC’s turnover exceeds INR 2 crores or if its paid-up capital exceeds INR 50 lakhs, it is required to get its financial statements audited by a qualified auditor.
  • Annual return: The OPC is required to file an annual return with the RoC every year. The annual return must include information about the OPC’s activities, financial performance, and changes in its membership.
  • Board meeting minutes: The OPC is required to hold at least one board meeting in every financial year. The minutes of the board meeting must be kept by the OPC and made available for inspection by its members.
  • Other documents: The RoC may also require other documents, such as a copy of the OPC’s partnership deed or a copy of its trademark registration certificate.

If you are considering forming an OPC, you should consult with an attorney or accountant to make sure that you are submitting all of the required documents and complying with all applicable laws and regulations.

In addition to the above documents, you may also need to obtain the following for OPC registration in India

  • Digital Signature Certificate (DSC) – A DSC is a secure electronic signature that can be used to sign digital documents online. You can apply for a DSC from a licensed Certifying Authority (CA). The word count for this document is typically around 500 words.
  • Director Identification Number (DIN) – A DIN is a unique identification number that is assigned to each director of a company. You can apply for a DIN from the Ministry of Corporate Affairs (MCA). The word count for this document is typically around 500 words.
  • Name Approval – You will need to obtain approval for the name of your OPC from the MCA. You can do this by submitting an application online through the MCA’s website. The word count for this document is typically around 500 words.
  • Nominee – You must appoint a nominee for your OPC. A nominee is a person who will be appointed to manage your OPC in the event of your death or incapacity. You can appoint a nominee in Form INC-3. The word count for this document is typically around 500 words.

The specific documents required for OPC registration may vary depending on the state in which you are registering your company. You can check with the relevant state government authority for more information.

You can find more information about the documents required for OPC registration on the website of the Ministry of Corporate Affairs (MCA). You can also hire a professional company formation agent to help you with the registration process.