One Person Company Registration

INR 6,999 /- Exclusive of GST, No hidden Charges

Free Company Name SearchName Reservation
Free ConsultancyCertificate of Incorporation
1 DSC, PAN & TANCopy of MOA & AOA
DIN of 1 DirectorShare Certificates

 

  •  Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim
  • Charges extra for NRI/Foreign Directors

One Person Company

6,999 /-
  • No Govt.Fees
  • OPC Registration in just 10-12 Days

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, Abgps Advisory 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.

Required Documents for One Person Company Registration

For Directors/Nominee

  • Copy of PAN Card
  • Identity Proof (Voter Card, Passport, Driving Licence)
  • Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
  • NOC (Download Format)
Step 1
Receiving Documents & Apply, DIN & DSC
1-2 Days
 
Step 2
Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34)
3-5 Days
 
Step 3
Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34)
6 to 9 Days
 
Step 4
Certificate Of Incorporation, PAN & TAN
10 to 12 Days

Are One Person Company and Private Limited Company similar?

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.

What are the compliance requirements of a One Person Company?

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).

Who can incorporate a One Person Company?

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.

What is DIN?

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.

What is a DSC?

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.

Is OPC registration to be revoked every year?

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.

Is there any minimum capital needed for One Person Company registration?

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.

Who can be the nominee in a One Person Company?

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.

How many OPCs a single person can form?

An individual can setup only one OPC.

What is the option to choose a company name?

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.

How long it takes to incorporate a One Person Company?

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.

Is the presence of promoters necessary at the time of company incorporation?

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

Can a One Person Company own a property in its name?

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.

Start a Business

We help entrepreneurs and small business owners, start and grow their business by providing – quality and affordable services through the internet.

ONE PERSON COMPANY

6,999/-
  • Sole Promoters
  • 1 Director & 1 Nominee
  • Not Required
  • Few Tax Advantages
  • Moderate Compliances
  • 10-12 Days

PRIVATE LIMITED COMPANYULAR

7,999/-
  • Startups and Small Companies
  • 2 Shareholders/Directors.
  • Not Required
  • Few Tax Advantages
  • Stringent Compliances
  • 10-12 Days
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LIMITED LIABILITY PARTNERSHIP

7,499/-
  • Professionals
  • 2 Partners
  • Not Required
  • Few Tax Advantages
  • Less Compliances
  • 20-30 Days

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