Be your own boss !
One Person Company Registration
@5499/-
Get the One Person Company Registration in the most simplest and fastest way with us. Be your own Boss in just 5-6 working days.
GET QUOTATION
Please Fill This Form To Kick Start your OPC Registration Process with us
or call/ whatsapp at
- No Spam, No Sharing, 100% confidentiality
One Person Company Registration
In Companiesโ Act 2013, a new concept with reference to the incorporation of a business entity has been introduced wherein if a single person wants to start a venture, it is possible. For incorporation of a Private Limited Company, a minimum of 2 Directors & 2 members/shareholders are required whereas, in a Public Limited Company registration, a minimum of 3 directors and 7 members are required. Thus, it was not possible for a single person to incorporate a company. With the introduction of One Person Company Registration in India, it is now possible.
Before the enforcement of Companies Act 2013, Sole Proprietorship was the only possible business structure that a single person can go with. But, sole proprietorship firm registration has its own demerits when it comes to compliance requirement. Thus, for a single person, One Person Company registration or OPC company registration online is the new best thing.
According to Section 2(62) of the Companies Act, 2013, an OPC Company Registration can be completed with only 1 Director and 1 member and the yearly compliance requirements are quite less when compared to other company structures like Private Limited Company Registration online or Public Limited Company Registration Online. OPC Company offers the Best of Both Worlds. It offers privileges of a Company structure along with the benefits of a Sole Proprietorship Firm.
The name of the company is incorporated as XYZ (OPC) Private Limited.
With Vakilgiri Legal Consultants, you can register One person company online within 7 working days with the lowest price for incorporation. Get started with your OPC company registration process now!!
Let us now look at some of the advantages and disadvantages of One Person Company Registration Online in India.
BENEFITS of One Person Company Registration
ADVANTAGES of OPC Company registration
STATUS
A separate legal entity means the company registration is treated as a separate entity from the directors and shareholders and thus continues to exist even after the changes in the management structure. An OPC company registration enjoys the status of a Separate Legal Entity.
Limited Liability
Limited Liability means the directors or shareholders are not personally liable for the losses incurred in the company. The liability of a member is limited to his/her shares only. Hence, the creditors can only sue the One Person Company not its member or director.
Fast OPC Company Registration Online
Since, an OPC Company registration process is 100% online and can be completed with only one director/member and one nominee, the incorporation time is quite less. The Minimum Authorized Capital required for the registration of One Person Company is Rs. 1 Lakh with no minimum paid-up capital requirement.
Few Annual Compliances
As per the Companies Act 2013, a one person company is exempted from certain compliances that are mandatory for other business structures. Cash Flow Statement is not required. Instead of Company Secretary, the director can sign the books of accounts and annual returns.
Easy Funds Availability
Since an OPC Company registration structure is similar to a Private Limited Company, hence it is quite easy to raise funds via Venture Capitals, Angel Investors, Incubators, etc. The Loans provided by the banks or any such financial institutions is preferred for a Company as compared to a sole proprietorship firm. Hence, it is easier to gather funds for a One Person Company registration online.
Smooth Management
Since there is an involvement of single decision taking authority in an OPC Company registration, the decision making process is quick, and the ordinary & special resolutions can be passed by his/her without taking consent from others. Hence, it is easier to run and manage an OPC company as only single person is involved thus eliminating any conflict and delay within the company.
Perpetual Succession
For One Person Company Registration online in India, a nominee is required apart from the Director/member. This provision was incorporated so that incase of any mishappening with the Director, the company can continue to run giving authority to the nominee. This ensures the perpetual or continual existence of an OPC Company.
DISADVANTAGES of One Person Company Registration
OPC COMPANY REGISTRATION IN INDIA
For Small Business
OPC business structure is best suited for small businesses. The expansion and growth of business depends on the number of effective members and the increase in capital. Since, the maximum number of members in an OPC Company is one, it is not possible to add shareholders and to raise the capital of the company.
Restrictions
A One Person Company registration is not eligible to carry out Non-Banking Financial Investment activities. An OPC company cannot be converted into Section 8 NGOs (having charitable objective) incorporated under Section 8 of Companies Act, 2013.
Ownership & Management
As per the act, the member and director can be same for a one person company registration online, which makes difference between ownership & management non-quantifiable. That single person incharge is responsible for the whole and sole decision for the company.
What's Next ?
Documents required for OPC Company Registration
This is all we need from you
If you want to start your own business under One Person Company Registration, then following list of documents are required for the OPC Company registration online:
- Pan card of the Proposed Director and Nominee
- Aadhar Card of the Proposed Director and Nominee
- 1 Passport size photograph each for Proposed Director & Nominee
- A working email id for future intimations from the department
- A working Contact Number
- Bank Statement / Telephone bill or Mobile bill /Electricity or Gas Bill (not older than 2 months)
- Notarized Rent Agreement
- NOC (No-Objection Certificate) from the property owner
- Sales deed (incase of owned property)
Checklist for OPC Registration Process ONLINE
CRUCIAL FOR YOUR OPC COMPANY REGISTRATION
For the incorporation of One Person Company online, make sure to follow the checklist provided below to ensure smooth and fast OPC Company Registration Process online:
1) A minimum & maximum of 1 person.
2) 1 Nominee must be appointed before completing the one person company registration process.
3) Form INC-3 stating the consent of the nominee must be filed.
4) The name of the proposed OPC must be selected according to the provisions of the Companies Incorporation Rules, 2014. The format is XYZ (OPC) Private Limited.
5) Authorized Capital of Rs. 1 lakh (minimum).
6) Complete List of documents required for OPC Company Registration online (as mentioned above).
FAQ's
ONE PERSON COMPANY REGISTRATION PROCESS
It is important to note that the One Person Company Registration process is 100% online. Thus, your physical presence is not required during the incorporation.
The person must be a resident of India. Apart from that, a person who is already a member of one OPC is not eligible to get associated with another OPC Company.
Note: In terms of Company Registration, a person who has stayed in India for not less than 182 days in the preceding financial year is considered as a Resident of India.
As the name suggests, Only 1 person can be the sole Director & Shareholder in a One Person company. However, Nominee Director is also appointed within the company as a safeguard.
In terms of Tax Advantage, there is no specific relaxation for an OPC Company. The tax rate is flat 30% which is same as that of any other company structure. The MAT & DDT are also applicable in One Person Company.
You can expect an annual expenditure of around Rs.20000 which involves 3 important aspects: Accounting & Auditing, Annual Compliance & Misc. Compliance expenditure.
Check Company Name Availability
Our systems will check availability of your Company Name
ONE PERSON COMPANY REGISTRATION PROCESS
OPC COMPANY REGISTRATION PROCESS
Online registration of One Person Company can be a tricky task as there are several forms and rules associated with it. RELAX!! Vakilgiri Legal Consultants has got your back. Let our experts handle the one person company registration process online and get it done within 7 working days.
Let us now look at the steps involved in the OPC company registration process:
1. FORMATION OF DIGITAL SIGNature (DSC)
The first step towards OPC company registration process is the DSC registration (Digital Signature Certificate) of the proposed director. This process takes 1 day for completion.
2. Filing Application for Director's DIN
The next step for one person company registration process is the allotment of Director Identification Number (DIN) which is a unique number of identity for Director of a company.
3. Choosing Unique Name for your One Person Company
While applying for the DSC, our team of experts will help you choose a unique name for your OPC Company registration. The name must comply with the MCA norms i.e., XYZ (OPC) Private Limited.
4. Preparing Forms and Appointing Nominee
After choosing your OPC Company name, we will now start with the documents and e-forms preparation mentioning the objectives & other information related to your company. We will then send these documents to you for cross-verification and signing from Director & the appointed nominee.
5. Filing e-forms with MCA
Once the document verification is complete, our experts will file and submit these e-forms on the MCA portal and submit the OPC company registration fees. This can be considered as the final step for your one person company registration process and now we will wait for the approval of your OPC Company registration. The approval generally takes 2-3 working days.
6. Allotment of COI, PAN & TAN
After getting the approval from the department, it will issue your companyโs COI, PAN & TAN. Your OPC company registration details will now be visible on the MCA portal. After receiving the documents, you can now open your companyโs bank account and start its operations.
CONGRATULATIONS for your dream One Person Company Registration Online!!
ENQUIRE NOW
Please fill this form to Get Free Consultancy to start your Journey with us
or call/ whatsapp at
- No Spam, No Sharing, 100% confidentiality
Our Incredible Packages
Irresistible Pocket friendly Packages
GOLD
- Registration within a week
- Authorised Capital upto 15 lacs*
- 1 DIN & 1 DSC
- Certificate of Incorporation
- MOA, AOA, PAN, TAN, ESIC
- 200+ Document Formats
- GST Registration*
- Udyam Registration (MSME)
- ISO Certification (1 Year)
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- Commencement Certificate
- Trademark Registration
- Auditor Appointment
- ITRs of Company
- Audit & Annual Compliances
PLATINUM
- Registration within a week
- Authorised Capital upto 15 lacs*
- 1 DSC & 1 DIN
- Certificate Of Incorporation
- MOA, AOA, PAN, TAN, ESIC
- 200+ Document Formats
- GST Registration*
- Udyam Registration (MSME)
- ISO Certification (1 Year)
- Professional Website
- Website Support for 1 year
- 1 year Domain & Hosting
- Basic On-page SEO
- Google Analytics & Web mails
- Commencement Certificate
- Trademark Registration
- Auditor Appointment
- ITRs of Company
- Audit & Annual Compliances
DIAMOND
- Registration within a week
- Authorised Capital upto 15 lacs*
- 2 DIN & 2 DSC
- Certificate Of Incorporation
- PAN, TAN, MOA, AOA, ESIC
- 200+ Document Formats
- GST Registration*
- Udyam Registration (MSME)
- ISO 9001:2015 Certification*
- Professional Website
- Website Support for 1 year
- Google Analytics & Web mails
- Trademark Registration
- Commencement Certificate
- Auditor Appointment
- ITR of Company
- Audit & Annual Compliances
Testimonials
See what our client feels about us
