One Person Company Registration
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Overview
In recent times, the formation of a single company (OPC) has been initiated as a revision of the structure of a sole proprietorship. In OPC, single promoters gain full control over the company, restricting his / her liability towards their contributions to the industry. Therefore, the said person is the sole shareholder and director (however, the director nomination is current, but the real director has zero power until it is unable to carry on). Also, there is no opportunity to contribute to employee stock options or equity funding. Additionally, if OPC has three times the average turnover of ₹ 2 crore and money 50 lakh and above, it must be converted into a private limited company or a public limited company within six months.
How it works
Register
Fill all the required information requested in the registration form.
Expect a call from us
Once we receive quote request, our experts will get in touch with you immediately.
Service Delivery
After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits
One Person Can Start The Business
Complete Control By The Individual
Limited Liability
Separate Legal Entity From Its Member
Easy Compliance And Tax Flexibility
Benefits For Small Scale Industries
Documents Required
PAN card copy of the Director and Shareholder
Passport copy or Bank statementof the Directors and Shareholders of the Company
Proof of registered office, Updated gas or electricity bill or Property tax receipt
Copy of rental agreement and no objection certificate from the owner of the property
Specimen signature or impression
Photo ID proof of director - Voter ID or Passport or License
Passport size photograph
Minimum Criteria to be met
Minimum 1 Shareholder
Minimum 1 Nominee
Minimum Authorised Share Capital to be Rs. 1 Lac
Minimum 1 Director
Shareholder & nominee shall be only Indian residents
Director Identification number (DIN) for the director
Directors and Shareholders can be same person
Digital Signature Certificate (DSC) for the promoter
What you will get
DIN for 1 Director
AOA and MOA
Bank Account opening support
Payment Gateway Integration Support
Business Incorporation Certificate
Company PAN Card
ESI and PF Registration
Company TAN/TDS Number
GST Registration* (Auto Approval from ROC)
Frequently Asked Questions
As per the MCA (Ministry of Corporate Affairs) guidelines, only citizens of India can register for OPCs
OPC businesses have to maintain the books of accounts complying with statutory audit requirements and details of Income tax returns and annual filings with the ROC (Registrar of Companies).
It usually takes 7-15 business days for the OPC Registration in India
The validity is lifetime until the Company survives
The greatest advantage of OPC is that the person and the entity are separate and it only needs one member to form the entity. However there are a lot of benefits associated with OPC, thereby please refer the above text to understand the whole concept in detail.
No. Only a person who is the resident of India/ Indian citizen is allowed to register an OPC, it’s only allowed for an Indian Resident
When the paid up capital of your OPC exceeds Rs.2 crore at any point in time or in case the turnover of your company is more than Rs. 20 crore for three consecutive financial years you need to mandatorily convert your OPC into a Pvt. Ltd. Company.
No, one person is allowed to be a member of only one OPC
No minimum paid up capital requirement.
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