What is One Person Company ?

One Person Company(OPC), its modern proprietorship firm. OPC can be formed by a single person The One person company is juristic, and liability of members is limited to their shares. OPC gives a single director to enjoy full control over the business. if an One Person company cross an average turnover of over Rs. 2 crore over three years or has a paid-up capital of over Rs. 50 lakh, mandatorily to be converted into a private limited company or public limited company within 6 months.

Package Inclusions:

 

Service Tax Extra on Professional Fees, MCA fees estimated based on official stamp duty prevailing in NCT of Delhi.


Advantage of One Person Company

Limited Liability

Liability of Directors of the one person company is limited to their shares. It means that if the company suffers from any loss and faces financial distress because of primary business activity, the personal assets of shareholder / Member / Director will not be at risk of being seized by bank, creditors, and government.

Continuity of existence

The life of a business is not affected by the status of shareholders and even after the death of the shareholder, the opc continues to exist.

 

Credibility

 OPC books & accounts audited annually, it has greater credibility among vendor, customers, employees and bakers.

 

One person Company Registration Process:

1

DSC (Digital Signature Certificate)

The director of a OPC should have a digital signature and digital signature will use to file the registration, ROC compliance forms, and Tax returns. 

2

Director Identification No (DIN)

As soon as Digital signature is approved, you will get an approval email from Registrar of companies that you are now eligible to be a director in a company.

3

Company Name approval

After a Trademark search, we will proceed to file a Name Approval form to ROC on your behalf. 

4

Final Incorporation form

After Name approval from Registrar of Companies, we will file final incorporation form the Registrar of Companies. Registrar of companies takes 3 working days to grant incorporation certificate.

5

PAN

then we will file PAN application..

 

Documents required

From All Directors and Shareholder.

For Proposed Registered office (Residential or commercial)

FAQs on OPC Registration

1. Do I need to be present during this registration process?

Company registration is 100% online process. No need to be present physically to our office or ministry of corporate affairs. We will send our person to your home or office for document signature.

2. What are AOA and MOA?

AOA refers to article of association which defines the internal constitution of the company, and MOA defines mission, vision, business objectives of the company in log run.

3. Who can register an OPC?

Only Indian citizens residing in India can register an OPC.

4. How much time is required for registering an OPC in India?

Usually, we register a company in 7 business days

5.How much capital is required to start an OPC?

You can start your OPC business with authorized share capital Rs. 1 lac only and there is no difference in capital structure as compared to private limited company.

6. How many directors can be in a one person company (OPC)?

Only one director can be in OPC and apart of director, mandatorily. There is also a nominee director, the nominee director exists in case of the death or incapacitation of the director.

7. What is the validity of the registration of a OPC?

A registration certificate issued by the registrar of the business is valid until infinite until you are meeting applicable compliance.

 

Compare Your Options

Particular One Person Company Limited Liability partnership Private Limited Company Partnership Proprietorship
Recommended For Small business and owned by a single promoter Professional service firms Early-stage entrepreneurs  with broad business vision Family business Small traders in un-organized sector
Venture capital Funding  Not Possible Not Possible Very easy Not Possible Not Possible
Limited Liability Protection Yes Yes Yes No No
Dividend tax No No Yes No No
Perpetual Existence Yes Yes Yes No No
Statutory Compliance's High Low High Low Low
Credibility Low Medium High Low Low
Strategic Alliances and  Joint venture No No Yes No No
Business Growth Medium Medium High Low Low

 

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