What is One Person Company?
One Person Company (OPC)
One Person Company [OPC] a new concept in India which has been introduced through the Companies Act, 2013 to support entrepreneurs who on their own are equipped for starting a business enterprise.
OPC Registration Fees
HG offers one person company OPC registration in just `11,000/- in less than 7 days.
Advantages of One Person Company Formation
- Limited Liability.
- Legal Status and Corporate Identity.
- Helps to build a Brand for your Company.
- Easy access to loans and funds from Banks and Financial Institutions.
- Quick Decision Making and Flexible in Management.
- Tax Saving.
One Person Company[OPC]
Why Register as One Person Company[OPC]
Registration of One Person Company
One Person Company Registration enables small business people to run a company with corporate identity and it will give them an opportunity to expand their business globally.
Benefits of One Person Company
One Person Company will give the businessman all benefits of a private limited company which means they will have only limited liability, legal protection for business, access to credits, bank loans, access to market etc., all in the name of a separate legal entity.
Minimum Requirements for One Person Company(OPC) Registration
One Person Company Incorporation
- One promoter (Shareholder)
- One director
- No Minimum Capital
- DIN (Director Identification Number) for the director.
- DSC (Digital Signature Certificate) for the director.
- One Nominee
Note: Director and the shareholder is the same person.
Procedures for Registration of One Person Company[OPC]:
Process of Incorporation of One Person Company:
Registration Process of OPC:-
A One Person Company incorporation is similar to Private Company registration, the only variation is appointment of nominee.
Apply for Digital Signature Certificate:
As the Ministry of Company Affairs is fully online by virtue of this initiative; all documents have to be filed online usingDigital signature. Therefore to transact with MCA one must own a Digital signature (DSC).
Obtain Director Identification Number- DIN:
Director Identification Number is a unique identification number given to an existing or a potential Director of any company which is incorporated.
Company name approval:
Points to consider at the time of selection of Name:
- A One Person Company must end with the word “OPC”.
- The company cannot have a name which in the opinion of the Central Government is undesirable.
- A name which is identical with or the nearly resembles the name of another company in existence will not be allowed by the Registrar of Companies.
- A company cannot use a name which is prohibited under the Emblems and Names (Prevention of Improper Use) Act, 1952.
- Affidavit from Subscriber (Non Acceptance of Public Deposit – Format to be provided by us)
- The Name of the Company should reflect the proposed main objects which the Company intends to undertake.
- A minimum of three names for the proposed New One Person Company has to be decided in the order of Preference (The concerned ROC will sanction the Name on the basis of availability). Check your name availability click here.
Submission of Final docs to RoC- Registrar of Companies:
- On receipt of the Name approval, the Incorporation papers has to prepared and uploaded to the MCA portal.
- The time limit for filing the papers is 60 days from the date of approval of name.
- If the pre-incorporation papers are not submitted with the Registrar within 60 days from the date of approval of name the name will get lapsed and it requires fresh application for name availability.
- The Registrar of Companies will review the documents submitted and if satisfied with the documents, then RoC will issue the Certificate of Incorporation.
How to Register OPC?
Kindly fill-up the form below and we will get back to you shortly to initiate the process.
OPC Registration Form:
Documents Required For OPC Formation:
- Colour PP Photograph
- PAN Card – Self Attested
- Identity Proof – Any One Self Attested
(Driving License / Passport / Aadhar Card / Voter ID Card)
- Address Proof – Any One Self Attested
(Latest Bank Statement / Electricity Bill / Telephone Bill / Mobile bill)
One Person Company Registration Package Includes:
- 1-Digital Signature Certificate (DSC)
1Director Identification Number (DIN)
- Company Name Approval by Ministry
- Memorandum of Association (MoA) &
Articles of Association (AoA)
- Registration Certificate
- Permanent Account Number (PAN)
- Tax Account Number (TAN)
Thanks for Your Time
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