One Person Company Registrations
We are extremely glad to inform you that you can now form a One Person Company (OPC) in India, that too with the minimum hassle and cost.Among all the other provisions of the new Companies Act, entrepreneurs seemed sitting on the edge of their seats for this one.
Price starts from ₹ 13999/-
Timeline – 25 Working days
What is a one person company?
One person company (OPC) is a new form of business introduced by Companies Act, 2013. It is hybrid form of business where a sole proprietorship concern can get a corporate outlook.
An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. The best part is, legal and financial liability is limited to the Company and not the member.
What are the Features of One Person Company?
A single shareholder who can also be the sole director can start an OPC.
The sole shareholder gets to enjoy the limited liability feature of a company.
Separate Legal Identity
OPC gets the status of a separate legal entity.
No minimum capital required
No minimum capital is required to start an OPC.
Fewer rules and compliances
OPC has to comply with fewer rules and regulations when compared to other forms of companies.
Suitable only for small businesses
OPC is suitable only for small businesses, OPC can have maximum Paid up share capital of Rs.50 Lakhs or Turnover of Rs.2 Crores. Otherwise OPC need to be converted into Private Ltd Company.
Cannot convert into Sec8 Company
One Person Company cannot be incorporated or converted into a company under Section 8 of the Act.
Cannot run NBFC business
One Person Company cannot carry out Non – Banking Financial Investment activities including investment in securities of anybody corporate.
What are the Documents required for Public limited company registration?
PAN card and Residence Proof of directors of the company
Aadhar card [director only]
Copy of Rental Agreement / EB Card Copy of Registered Office
Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Specimen signature (blank document with signature [director only])
What Includes in this package?
Verification of Documents
Drafting MOA & AOA
DSC and DIN for 1 Directors
Following until Certificate is allotted
Name Approval for the Company and ROC fees
Applying PAN & TAN
What is the Process for Incorporation of One Person Company?
DIN & DSC
Digital signature for the director of the company to be obtained
Application to ROC
Sign and file various documents including MOA & AOA with the Registrar of Companies electronically
MOA & AOA
Memorandum and Articles of Association should be drafted.
Once the application is duly filed and accepted by ROC, Certificate of incorporation is issued and the company is all set to start it’s operations.
4-6 proposed names should be provided that should be unique and suggestive of company business.