One Person Company

Register

A One Person Company Now

@6,999.00 All inclusive. No hidden charges



What is included in the package

1 DIN , 1 DSC…..

Registration Time

Company Registration in just 10-12 Days

Documents Required

List of Documents / IDs for registration

What is One Person Company ?

One Person Company means a company which has only one member It shall also be important to note that Section 3 classifies One person company as a Private Company for all the legal purposes with only one member. All the provisions related to the private company are applicable to a One person company, unless otherwise expressly excluded.

Everything you want to know about One Person Company

Do you want to do business all on your own? Basically, there are two different business structures that can make a good match for small businesses like yours, a single business where you are the only one running the business and a company with a board of members. In case you are setting up for the sole proprietorship, you will be the only shareholder as well as the only director of your company. The business will be regarded as the one shareholder or director proprietor business.

  • Necessities for qualifying the OPC registration

If you are the only one running your business and you don’t have any other partners or shareholders, then you can apply for your company to the One Person company, if you’re a permanent resident of India. It is the best options for the start of small businesses such as fashion designing or catering business.

  • Process for the OPC registration
    As per the one person under companies act 2013 definition, any company can be formed with only 1 director and one member. It will be a form of private company, but the regulatory acts will be less than a private company.

¬ The primary step for one person company registration is to get the Digitally Signed Certificate(DSC) from the director which will also require the documents,
1. Address proof
2. Aadhaar card
3. PAN card
4. Photo
5. Email ID
6. Phone number

¬ After the DSC is done, the next step will be to apply for DIN from the Director in DIR form- 3 which will include the name and address proof of the independent director.
¬ The next step is very crucial for OPC registration, as it will be on deciding the name of the company. In the form, you have to give your company’s name. after the name of the company is approved by the Ministry of Corporate Affairs, you need to produce some documents for submission.
¬ There are some specific documents needed that you have to bring at the time of ROC. These are The Articles of Association, The Memorandum of Association, PAN Card, Aadhaar Card, Proof of Registered Office, Affidavit and Consent of the Director and finally the Declaration stating all the submitted documents are true..
¬ After the final verification, your company can be opened and you can start your business.

  • Advantages and disadvantages of OPC registration
    There are several advantages and disadvantages of the OPC registration. some of them are listed below,

Advantages-
¬ From the advantages of OPC one very important is that it requires only 1 shareholder, 1 director, the director, and the shareholder can be one person too, 1 nominee, the shared capital should be of 1 lakh minimum etc.
¬ In case the only director and the shareholder dies, the company can choose another nominee director.
¬ It is easy to get loans from the banks. Because banks prefer the company rather than providing a loan to the proprietary firms. In most cases, the bank forces the entrepreneur to make their firm into Private Limited Company before authorizing any funds.
¬ The best part is that as being the only director and the shareholder of the company, you can have complete authority on your company. This helps in taking and executing decisions faster.
¬ There won’t be any requirement for the annual general board of members meeting, Quorum, Minutes etc.
¬ The tax complications are less and the savings are more in an OPC company. As the sole director of the company, you can invest money, receive rent and can also receive interest.
¬ OPC companies eliminate the need for Middleman. That enables the small entrepreneurs to get the direct access to the market and take facilities from the bank, take credit facilities etc.

Disadvantages-

¬ The OPC company act is suitable only for the small businesses. The capital for any OPC company is limited to Rs.50 lakhs and a turnover of Rs.2 crores only.
¬ As the OPC is not recognized by the IT Act, these companies will be placed on the same taxation slab, unlike other private companies. The basic tax that has to be given by the OPC company is 30%, which can be very high compared to other taxes slab rate for an individual.
¬ If the nominee name is not recognized in the making of the OPC company registration time, after the demise of the sole director of the company, it becomes very difficult to choose another successive director for the private company.

  • Features of One Person Company
    After the resolution of the Companies Act in 2013, the basic idea of the One Person Company came known. Previously for the formation of a company at least 2 persons were needed, but now the requirement is only one. One Person Company features that includes the formation of the OPC company includes, Appointment of the nominee, a company name, One member of the company-the member can be both the shareholder and the director too, the capital of the company start-up is small i.e. Rs. 1 lakh minimum and the most important feature of the company is that you can turn the company into Private or Public limited company.
  • Differences between OPC to sole proprietorship 
    The One Person Company vs Sole proprietorshipare listed below

¬ Unlike the sole proprietorship, who has the most chances of suffering heavy losses from the business, an OPC, as being a separate company and having a limited liability does not generally face such cases.
¬ As being a private limited company, the OPC has to face fewer tax complications rather than a sole proprietorship.
¬ During the formation of the OPC, it is mandatory to make one nominee for the company in case the sudden demise of the director. But in case of sole proprietorship as the only one responsible of running the company is dead, has to make the final judgment of the future runner of the company, which can be challenged in the court too.

There are lots of OPC companies in India. The list of OPC in India are Sahaja Creations Pvt Ltd, Coreegg Innovations Pvt Ltd, Skyline Crane Erectors Pvt Ltd, Arimilli Infrastructures Pvt Ltd etc.

What you Get

  1. Digital Certificate
  2. Memorandum of Association
  3. Article of Association
  4. Pan Card Of Company
  5. Tan Number
  6. Certificate of Incorporation

Procedure for One Person Company Registration

  • 1. Complete our registration form:

     

    You need to fill our registration form and submit the required documents

  • 2. Verification and Name Approval: 3 working days

     

    We will verify and then apply for the name approval. One time one name shall be applied.

  • 3. Get DIN and DSC: 2 working days

     

    After applying the name approval we will make DIN and DSC

  • 4. Documents Submission: 3 working days

     

    After name approval and allotment of DIN and DSC you need to sign some documents to proceed the final steps for incorporation

  • 5. Company approval: 2 working days

     

    Once all documents submitted to the ROC. ROC will verify the documents and issue certification of incorporation

  • 6. Your work is completed:

     

    Once your company is incorporated, we will send you the Company kit includes COI/ MOA/ AOA and DSC.

Procedure for One Person Company Registration

1.Complete our registration form:

You need to fill our registration form and submit the required documents

2. Get DIN and DSC: 2 working days

After applying the name approval we will make DIN and DSC

3. Verification and Name Approval: 3 working days

We will verify and then apply for the name approval. One time one name shall be applied.

4. Documents Submission: 3 working days

After name approval and allotment of DIN and DSC you need to sign some documents to proceed the final steps for incorporation

5. Company approval : 2 working days

Once all documents submitted to the ROC. ROC will verify the documents and issue certification of incorporation

6. Your work is completed:

Once your company is incorporated, we will send you the Company kit includes COI/ MOA/ AOA and DSC.

Registration Of One Person Company @6,999.00

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh
* Charges extra for NRI/Foreign Directors, or Foreign shareholding companies.

DOCUMENTS REQUIRED

ID Proof

PAN Card

Address Proof

Utility Bills Or Election ID Or Driving License

Passport Size Photo

Passport Size Photo

Registered Office

NOC From The Owner With Utility Bills With Rent Agreement Or Registry Proof Or House Tax Receipt

Frequently Asked Questions

  • What are the major types of Business Entities in India?

    The following types of business entities are available in India:

    • Private Limited Company
    • Public Limited Company
    • Limited Liability Partnership
    • One Person Company
    • Partnership
    • Sole Proprietorship
  • What is a One Person Company?

    One Person Company is a new form of business structure introduced in India in which a single person can put up a company having featured that of a private limited company. As per the act, OPC is a separate legal entity from its members, Offers limited liability protection to its shareholders has continuity of business and is easy to incorporate.

  • What is the Significance of a Digital Signature?

    The Information Technology Act, 2000 has provisions to use the DSC on the documents submitted in electronic form. Using DSC ensures the security and authenticity of the documents filed electronically. As such, all filling done by the companies/LLPs under the MCA21 eGovernance programme are required to be filed using DSC by the person authorized to sign the documents.

  • Is PAN mandatory for obtaining DIN?

    Yes, it is mandatory for all Indian Directors to obtain PAN. However, exceptions are there for foreign directors. MCA has issued a circular whereby Income tax PAN has been made mandatory, and thereby all existing Directors are expected to provide their Income tax details or update their details as per Income tax PAN Database in case the same are not matching in the DIN database.

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