Overview of OPC Registration
One Person Company Registration (OPC) in India is one of the simplest forms of corporate entities to manage in case you are a single owner to run the business. OPC is a hybrid of Sole-Proprietorship and Corporate forms of business. It has been equipped with various concessions in compliance requirements under the Companies Act. It is a form of a company where the compliance requirements are lesser than a Private limited company. OPC registration is a very quick, simple and affordable registration. In year 2013, the one-person company (OPC) structure was introduced for the first time as a refinement of the sole proprietorship firm structure. In an OPC, a single promoter gets complete control of the business, limiting his or her accountability for the company's contributions.
What is a One Person Company?
A One Person Company (OPC) is formed when only one person serves as
both the director and the shareholder of the business. Under the provisions
of the Companies Act of 2013, this concept was introduced for the first
time. Furthermore, an OPC is a type of sole proprietorship firm in the form
of a corporation that gives a single person ultimate authority over a
business while limiting his liabilities and responsibilities.
Furthermore, a company with only one person as its director and member
shall be classified as a One Person Company (OPC) under section 2 (62)
of the Companies Act, 2013.
A company can be formed with just one Director and one member,
according to Section 2 (62) of the Company's Act 2013. In India, One
Person Company registration is a type of entity with fewer compliance
requirements than a Private Limited Company.
Why Choose One Person Company Registration?
One Person Company Registration provides various benefits beyond sole proprietor firm. The legitimacy of your business firm is enhanced by having a registered company under MCA. It assists your business in the following ways:
- A single owner can incorporate company
- Unlike Sole proprietor firm, Your company name is secure and can not be copied by others
- Less compliances
- Limited liabilities of its director
- Suitable for Banking loans, credits
- Less Income Tax Rate as compare to sole proprietor
- No intervention from any third person can be involved
- Ownership easily transferable to nominee in case of death of owner
How do I Register One Person Company (OPC Registration)?
Registering a one person company is simple and affordable through My
Legal Service professionals.
Unlike private limited companies, you do not need to arrange two or more
people for company directorship. You can incorporate one person's
company alone without shaking hands with another person.
Registering One Person Company is quick, simple, and can be done online
with few easy steps:
Step 1 : Consult our advisors who will guide you through checking eligibility and documents requirement
Step 2 : Our team will assist you find unique company name available on MCA records
Step 3 : We assist you applying for DSC & DIN of the director
Step 4 :Our professionals shall prepare all necessary ROC forms such as MOA, AOA, Spice , DIR, COB, etc) and file before Ministry of Corporate Affairs [MCA]
Eligibility for One Person Company Registration
GST registration not only aids in establishing your company as a legitimate registrant but also presents a variety of economic options. The following are the advantages for GST-registered businesses at a glance:-
- Indian Citizenship : The Director / Shareholder of the company must be an Indian citizen and a resident of India. NRI or Foreign Nationals can not do OPC registration in India.
- Attend Majority Age : Before One Person Company registration, the owner must attend the age of 21. Minor can not operate as its member.
- Minimum Capital: One person company does not require any minimum capital. You can incorporate an OPC by Rs.1/- paid up capital. However, an OPC must be registered with a minimum authorized capital of Rs. 1 Lakh.
- Appoint Nominee : During the OPC Incorporation, the promoter must choose and provide KYC details of a nominee.
- Unique Company Name: Your company's name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks
Documents Required for OPC Registration
# Document of the Company’ Director
Photo
PAN
Aadhar
Address Proof*
Proof of Identity*
# Proof of the Company's Registered Office Address
Rent agreement b/w owner & company promoter OR NOC from Owner (if owner is the company's promoter)
For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).
For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).
How can we help in One Person Company Registration?
We have a preeminent team of professionals capable of providing a hasslefree and error-free Online Company Registration Service in India.
Since 2014, our professionals have been daily performing One Person
Company Registration and keeping up to date with MCA's new registration
procedures. As a result, we are able to offer you the finest company
incorporation service align with MCA functionality.
We will render you full fledge company incorporation document kit at the
end of delivery of the One Person Company Registration services which
includes:
- Certificate of Incorporation
- Commencement of Business Certificate
- Directors identification number for 1 director
- Company's PAN and TAN
- Digital Signature for 1 Director
- MOA/AOA of the company
- ROC Registration Fees Challan
It's not over yet! After that, we'll assist you with opening a current account with ICICI Bank so you can stop dealing with bank representatives demanding repetitive documents. And set you free to kickstart your dream business
Select Your Package
Basic
- Company Name Approval
- Certificate of Incorporation
- PAN
- TAN
- 1 DIN
- eMOA
- eAOA
Standard
- Basic Package
- PF Registration
- ESI Registration
- GST Registration
- Documentation Kit
Premium
- Standard Package
- 12 Months Return Filing*