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One Person Company Registration

One Person Company Registration

Free Company Name Search Name Reservation
Free Consultancy Certificate of Incorporation
1 DSC, PAN & TAN Copy of MOA & AOA
DIN of 1 Director Share Certificates

9,999.00

One Person Company Registration

As the name suggests, an OPC or One Person Company is a format of business where the company is owned by a single person. There is no more than a single director or more than a single member. Being a singly-handled company, it is easy to manage it. If you are an entrepreneur who seeks singular success, you can register an OPC in India.

The definition of a One Person Company is explained in Sub Section 62 of section 3 of the Companies Act, 2013, which states: “One Person Company means a company which features only one Member”. Unlike a private limited company, this single company registration with a single director doesn’t need minimum two directors. However, like a private limited company, the OPC registration in India does provide you with limited Liability.

OPC Formation can be done as an:

  1. OPC limited with Guarantee
  2. OPC limited with Share Capital
  3. OPC unlimited company

After the registration of a One Person Company, there are following benefits that can be enjoyed:

  1. Limited Liability: As the business entity is a company, the entrepreneurs have their assets protected from the failings of the company.
  2. Separate legal entity: an OPC Company is a separate legal entity from the owner.
  3. Less number of compliances: For a One Person Company, the number of compliances is less.

Before you can register OPC (One Person Company), there are some requirements that you need to keep an eye out for. Following are the OPC registration requirements that you need to know:

  1. Only one director
  2. Only One Member
  3. No minimum paid up share
  4. No capital
  5. No continued existence allowed.

These minimal requirements make the one person company registration process quite accessible, but yet, still difficult for common people.

Therefore, Becompliantnow is here to help. We are a team of leading business experts in India. Through our One Person Company Registration process, your OPC can be started on time and your dream your solo company can be realized.

Documents Required

  1. PAN (Permanent Account Number) of all proposed directors / Share Holders
  2. Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / ShareHolders.
  3. Latest passport size Photographs of all directors / Share Holders.
  4. Registered Office Address Proof – Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
  5. Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement

FAQ

To some extent, both the business formats work on the same principle. The registration procedure of OPC is very much similar to that of a Private Limited Company. The term “One Person Company” needs to be mentioned in brackets beneath the name of such company, wherever its name is printed, engraved or affixed.

OPC is one of the most feasible types of business formats when it comes to its management. An OPC needs to face lesser number of legal compliances as compared to Private Limited Company and Public Limited Company. For example, such companies have no need to hold Annual General Meeting (AGM).

An individual who is an Indian citizen and Indian resident can choose to setup a One Person Company. There is no minimum educational requirement for such individual to become the director in company. Even he can be a shareholder of such type of company.

Director Identification Number (DIN) refers to a unique identification number which is required for an individual to become a director of a company. DIN is allotted by Ministry of Corporate Affairs.

It is very much like a PAN Card number. It needs to be mentioned in documents while appointing a person as a director of a company.

A digital signature certificate is basically an electronic signature, which is in the form of codes. It is utilized for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be applied in physical documents.

No. Once the company is created, it will be valid till it gets officially dissolved down by the owners. No renewal or fees is required. However, every year one man companies have to file very basic returns with ROC office.

Not necessarily, the minimum capital is required to incorporate Guarantee Company not having share capital and in the case of company limited by shares, the minimum capital can be Rs. 10.

Only a natural person who is an Indian citizen and a resident in India can choose to become a nominee. Nominee must also be over 18 years of age. He cannot become a nominee for more than one OPC.

An individual can setup only one OPC.

Primarily the name must be unique and simple. It is advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.

It takes around 5 to 8 days to setup a (OPC). The time to be consumed generally depends on the submission of necessary documents to respective authority and obtaining government approvals. It is suggested to pick a unique company name and furnish all required documents for speedy processing of application.

No, there is no need for the promoters to actually present at the time of company incorporation.

A One Person Company can choose to attain, own, enjoy and isolate property in its own name. No shareholders are eligible to make any claim upon the property of the company as long as the company is a running entity.

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