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OPC Name Approval: Dos and Don'ts


Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com

Introduction:

When forming a One Person Company (OPC) in India, selecting a unique and appropriate name is crucial. The name approval process can often be intricate, but adhering to certain dos and avoiding common pitfalls can streamline the procedure. With filingpoint experts will guide you to the best way of OPC Name Approval.

OPC Name Approval: Dos and Don'ts:

One Person Company (OPC) registration is a suitable option for entrepreneurs to start their business as a separate legal entity with limited liability. It offers the same benefits as a Private Limited Company, such as the ability to raise funds and transfer ownership, but it is simpler to manage and does not require multiple shareholders.

 

Getting your OPC’s name approved is a crucial step in the process of incorporation and should not be overlooked. It is best to choose a unique name that adheres to the guidelines set by the Ministry of Corporate Affairs (MCA). To check the availability of your chosen name, you can use the MCA’s online portal. It is essential to secure a Digital Signature Certificate (DSC) for the proposed director of your OPC to sign important documents electronically.

 

Once the name has been approved, you can proceed to draft the Memorandum of Association and Articles of Association (MOA and AOA) for your OPC. This will outline your company’s objectives and internal rules. You must also file forms, declarations, and proof of your registered office with the MCA to complete the registration process.

 

The process of registering an OPC takes about ten days, assuming that all the documents are in order and you have obtained departmental approvals and reverts from the relevant departments.

By providing a comprehensive comparison and detailing FilingPoint's services, this article aims to guide aspiring entrepreneurs through the initial and crucial step of OPC incorporation, ensuring they choose the most efficient path for their specific circumstances.

 

For more information on OPC registration services, visit https://filingpoint.com or Call us at +91 72999 72500

 

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