One Person Company (OPC) Registration by Ractax is a service designed to assist solo entrepreneurs in establishing a legally recognized business entity in India. An OPC is ideal for individuals looking to run a business independently while limiting their personal liability. Ractax simplifies the OPC registration process, ensuring that it’s efficient and compliant with the Companies Act, 2013.
Key Services Provided by Ractax for OPC Registration:
1. Initial Consultation and Business Structure Guidance:
Ractax’s experts offer consultation to help understand the benefits of an OPC and assess if it is the best structure for the client’s business.
Guidance on documentation and legal requirements specific to OPCs.
2. Digital Signature Certificate (DSC) and Director Identification Number (DIN):
Ractax helps obtain the Digital Signature Certificate (DSC) and Director Identification Number (DIN), both required for the OPC’s registration.
Facilitates a swift and error-free application process for these prerequisites.
3. Name Approval and Registration with the Ministry of Corporate Affairs (MCA):
Ractax assists in securing a unique and legally approved company name through the RUN (Reserve Unique Name) facility with the Ministry of Corporate Affairs.
Prepares and files the SPICe (Simplified Proforma for Incorporating a Company Electronically) form with the MCA, completing the OPC registration efficiently.
4. Drafting of Key Documents:
Ractax drafts essential documents like the Memorandum of Association (MOA) and Articles of Association (AOA), which define the OPC’s objectives, rules, and operational structure.
Assists in appointing a nominee, a mandatory requirement for OPCs, in case the sole owner is unable to continue the business.
5. Post-Incorporation Compliance and Support:
Provides guidance on obtaining additional registrations, such as GST, if applicable.
Offers support with compliance filings, such as annual returns, to help the OPC maintain legal standing.
Why Register an OPC with Ractax?
Simplified Process: Ractax manages the end-to-end registration process, minimizing paperwork and simplifying complex legal requirements.
Reduced Liability: An OPC limits the owner’s liability, helping protect personal assets while benefiting from corporate status.
Enhanced Credibility and Opportunities: A registered OPC can engage in contracts, apply for loans, and operate with the credibility of a recognized corporate entity.
Through Ractax’s OPC registration services, entrepreneurs can launch a single-person business smoothly, gain corporate benefits, and focus on growth while leaving legalities to Ractax’s team of professionals.