One Person Company Registration
At Just Rs 10,999/- (All inclusive)
Completely online process
Work handled by professionals
Within 10-15 Days
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What is One Person Company
The revolutionary new concept of ‘One Person Company’ (OPC) has been introduced by the Companies Act, 2013. One Person company (OPC)’ has been introduced for the first time in India, which would allow a Company to be registered with just one shareholder and limited regulatory costs.Now even a Single entrepreneur can manage his business on his own and can carry on the business in the Company Form.
One person Company registration will give the young businessman all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity.Though the concept of OPC is new in India but it is a very successful form of business in UK and several European countries since a very long time now.
Advantages of One Person Company Registration
The greatest benefit of One person Company is Limited Liability of its Members. One Person companies, according to Apex, are treated as a single entity, making the company responsible for all debts. If anything happens to the company, its members shall only be liable for unpaid amount in its shares.
Less Compliance and management
Being a Closely held One Person Company has to do less compliance burden under Companies act as compared to private and public limited companies, hence One Person Company can more focus on other functional and core areas.
Continuity of Existence
OPC Being a Private limited company enjoys permanent succession because the company is its own legal entity. Shareholders and employees act “as agents of the company”
You, only the owner helpful in quick decision-making, controlling and managing the business without following any elongated processes and methodologies as adopted in other companies. The sense of belonging inspires to grow the business further.
Like a Private company, One Person Company can raise funds through venture capital, financial institutions, angel investors etc. A One Person Company can raise funds thus graduating itself to a private limited company.
Benefits of being a Small Scale Industries (SSI)
An One Person Company can avail the various benefits provided to Small Scale Industries like lower rate of Interest on loans, easy funding from bank without depositing any security to a certain limit, manifold benefits under Foreign Trade policy and others
Documents For One Person Company Registration
- Copy of PAN Card
- Copy of Adhar Card/ Voter ID Card
- Electricity / Water Bill
- Landlord NOC (as per format given)
- Passport size photo of directors
- Copy of rent agreement
- Copy of owned property papers (if)
Cost Of One Person Company Registration
|Stamping and Notary Charges||500|
Procedure For Registering One Person Company
Obtaining The DSC & DIN(1-2 Working Day)
- Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
Documnet Review & Completion(3-4 Working Day)
- After obtaining the DSC and DIN of the proposed Directors, our team will get in touch for a unique name and along with that collect all the requisite documents in scan for the incorporation of the company through the SPICE i.e INC 32
Document Submission(1-2 Working Day)
- After the review of all the documents required, we will submit them to the MCA and once it gets approved by the ministry we will send the MOA & AOA via mail and DSC through courier
FAQ’s About One Person Company Registration
Who is eligible to act as an member of OPC?
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. The term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.
A person can be a member in how many OPCs?
A person can be member in only one OPC.
What if a member of an OPC becomes a member in another OPC by virtue of being a nominee in that other OPC?
Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days.
Which Form is to be filed in case of withdrawal of consent by the nominee of an OPC or in case of intimation of change in nominee by the member?
Form INC-4 shall be filed in case of withdrawal of consent by the nominee or in case of intimation of change in nominee by the member.
Is there any threshold limits for an OPC to mandatory get converted into either private or public company?
In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.