One Person Company Registration
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One Person Company Registration
Obtain One Person Company Registration with our legal services creative work!
get started!
6000 +
Business served
9.6/10
Customer Ratings
100 %
Satisfaction
What is an One Person Company (OPC)?
In a One Person Company (OPC) there is just this single promoter who has complete control over the affairs of the company and is the sole shareholder and director of the company. The major advantage as compared to a sole proprietorship is that the director and the OPC shall have separate identities of their own making the person’s liability limited only up to his investment in the company. Another advantage is that even after the death of the director, a nominee director appointed by the director shall handle the affairs of the company. A person can be member in only one OPC but can be a nominee in other OPC but if by virtue of death of the previous member he becomes member in another OPC as well, then he will have to withdraw his membership within 180 days from either of the OPC.
As per the Companies Act, if the paid-up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.
Benefits of One Person Company (OPC) Registration:
Separate Legal Existence
An OPC is treated as a sperate legal entity by the law, and therefore the existence of One Limited Company is distinct from its member unlike proprietorship. Thus, an OPC having its own identity, can sue or be sued in its own name and can also possess assets in its own name.
Lesser Compliances
An OPC is exempted with many legal compliances that are applicable to Private Limited Company. Compliances like holding General and Board Meeting, etc. are not applicable to OPC.
No Minimum Capital Required
There is a misbelief that one requires huge investments to start an OPC, though in reality there is no minimum capital requirement, one can start an OPC even with a minimal capital amount.
Limited Liabilities of Owners
Since an OPC has a separate legal identity, the liabilities and obligations of an OPC is not charged over the personal assets of the sole members. The liabilities of the members are limited only up to the number of shares subscribed.
Perpetual Existence
An OPC will continue operating even after all the members and directors change. The existence of an OPC will be perpetual and is not depended on any other factors.
Documents Required for Registration of One Person Company (OPC):
PAN Card
PAN Card of Shareholders, Nominee and Directors. However, Foreign Nationals should provide a valid Passport Copy.
Identity Proof
Aadhar Card/Voter ID/Passport/Driving License of Shareholders, Nominee and Directors
Director’s Address Proof
Latest Electricity Bill/Telephone Bill/ of Shareholders, Nominee and Directors
Photograph
Latest Passport Sized Photograph of Shareholders, Nominee and Directors
No Objection Certificate (NOC) from the owner
NOC from the owner(s) of the registered office
Business Address Proof
Latest electricity Bill/Telephone Bill/Rent Agreement of the registered office premises
Rent Agreement
In case the office premises are rented, then rent agreement of the office will be required
Notary
In case directors or shareholders are NRI's or Foreign nationals, then the documents of these directors should be notarized
How will we help?
- Obtaining director Identification Number (DIN) for Director
- Guidance for Choosing Company name and check for Name availability
- Drafting MOA & AOA
- GST Registration
- Obtaining Digital Signature Certificate (DSC) for Director
- Obtaining Certificate of Incorporation
- Obtaining PAN and TAN
- GST filings
12 Day Process to register a One Person Company (OPC)
Day 1-2:
- Review of documents and information provided
- Application for Digital Signature Certificate
Day 3-6:
- Checking Name availability
- Drafting of MoA, AoA & other required documents
Day 7 – 9:
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
Day 10-12
- Government processing time
Day 1-2:
- Review of documents and information provided
- Application for Digital Signature Certificate
Day 7 – 9:
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
Day 3-6:
- Checking Name availability
- Drafting of MoA, AoA & other required documents
Day 10-12
- Government processing time
Frequently Asked Questions
All you need to know before applying for One person company registration:
More questions? Seek help of our experts
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