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One Person Company

One Person Company (OPC) Registration - Online Process

Register a one person company registration online in India within 7 – 10 days. Get expert help from Legal Vidur in OPC registration.

One Person Company Registration

    Note: Once you are Ready to Setup your One Person Firm, you’ll receive Rs 499 adjustment from your selected package from us

    What is One Person Company?

    To understand one person company definition, we first need to get into the identity it creates. A registration provides corporate status and many benefits to the members and directors. In the case of a Private company, at least two members are required which is not the same in the case of OPC. To eliminate this drawback and allow a single person to reap the advantages of One Person Company, this sort of a company structure is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process.

    One Person Company feature is such that it has only one shareholder who owns 100% stake of the company. To maintain the character of perpetuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his inability. One person company is a type of Private Limited Company.

    * Once you are Ready to Setup your Dream Company, you’ll receive Rs 399 adjustment from your selected package from us

    Package

    Basic Plan

    Rs 3999
    • Register your One Person Company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS, Expert advice by CA/CS
    • MCA processing and CIN
    • Spice+ Part A, Spice + Part B
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 1 DIN
    • ESI and PF registration
    • GST registration and Current account opening in your nearest branch

    Smart Plan

    Rs 16999
    • Register your One Person Company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS, Expert advice by CA/CS
    • MCA processing and CIN
    • Spice+ Part A, Spice + Part B
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 1 DIN
    • ESI and PF registration
    • GST registration and Current account opening in your nearest branch
    • The 1st Board Resolution documentation
    • Consent Letter drafting, appointment of the Auditor
    • INC-20A commencement of business
    • financial statements preparation
    • MCA annual return filing and DIR-3 Director KYC

    Mega Plan

    Rs 27999
    • Register your One Person Company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS, Expert advice by CA/CS
    • MCA processing and CIN
    • Spice+ Part A, Spice + Part B
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 1 DIN
    • ESI and PF registration
    • GST registration and Current account opening in your nearest branch
    • The 1st Board Resolution documentation
    • Consent Letter drafting, appointment of the Auditor
    • INC-20A commencement of business
    • financial statements preparation
    • MCA annual return filing and DIR-3 Director KYC
    • GST Return filing for 12 months

    BENEFITS

    What are the advantages of registering a business as an LLP?

    Separate Legal Existence

    A One Person Company would obtain the status of a separate legal entity. Such OPC registration ensures that the entity is separate from the owner, unlike a proprietorship firm. OPC can own the assets in its own name and enter into a contract with the parties. The actions of the company are independent of the owner. This is the main benefit of OPC registration.

    Lower Compliance Requirements

    A Single Person Company is benefited with an exemption to many compliances unlike a private company. Compliances like holding General and Board Meeting, etc. are not applicable to OPC. However, Board Meeting must be held if more than one director is on Board.

    Limited Liability of Owners

    One of the benefits of registering OPC lies in the separate legal entity of the company where the liability and obligations are not charged over the personal assets of the sole member. The liability of a member is limited to the unpaid amount of the capital subscribed by the member. Even in the case of liquidation, the personal assets of the member are protected, except in certain specified cases.

    Separation of Management and Ownership

    Even if the OPC is owned by sole personnel, the owner may appoint a director owing up to the responsibility to operate and run a company. The operational duties are assigned to the director(s) whereas the member would be able to fetch profits channeling efforts towards other businesses. However, in One Person Company, the shareholder holds complete control over being a stakeholder.

    Documents Required

    Comparison

    Private Limited Company One Person Company Limited Liability Partnership Partnership Firm Proprietorship Firm
    Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
    Registration Requirement Mandatory Mandatory Mandatory Optional No
    Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
    Number of Director/Partner 2 – 15 Only 1 2 – Unlimited 2 – Unlimited Only 1
    Separate Legal Entity Yes Yes Yes No No
    Liability Protection Limited Limited Limited Unlimited Unlimited
    Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
    Ownership Transfer ability Yes No Yes No No
    Uninterrupted Existence Yes Yes Yes No No
    Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
    Tax Rates Moderate Moderate High High Low
    Statutory Compliance High Moderate Moderate Less Less

    How we Work?

    1

    Fill our Registrat ion Form & Make the Payment

    2

    Expert Will Call You & Receive All the Necessary Documents.

    3

    Will Create DSC & the DIN Number of Director

    4

    MOA and AOA Drafting & Submit

    5

    Your Documents will be Filed & Submitted to the ROC

    6

    Congratulations! You've registered your company.Certificates will be sent by post.

    STILL CONFUSED?

    TAKE FREE ADVISOR CONSULTATION

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    One Person Company Name Format and Formulation

    Unique Name

    One Person Company name should be unique as it forms the company brand, preferably a coined word.

    Business Object

    The OPC name format shall have the second part of name suggesting the business activity of the company.

    Constitution Type

    Name of the company must end with “(OPC) Private Limited” as a suffix.

    Frequently Asked Questions (FAQs)

    Below mentioned are the pre-requisites to register an OPC in India:
    1. The shareholder must be individual and Indian resident
    2. At least one director is appointed, who shall be an Indian resident
    3. A nominee who is above the age of 18 years and Indian resident must be appointed as Nominee on registration
    4. A place of business must be provided as the registered office address of OPC.
    No. The requirement to provide minimum paid-up capital for OPC registration is now removed. The amount required for starting a business must be subscribed while registering OPC. Further, the subscriber must hold at least one share for registration. It is important to note that the minimum amount of INR 1 Lakh must be kept as Authorized Capital.
    Only an individual can become a member of OPC. One needs to be an Indian resident above the age of 18 years to be eligible to form One Person Company. To refer one as an Indian resident, he/she must have spent at least 182 days in India in the immediate previous calendar. An additional condition is that a person can become member of only 1 OPC at any time during or after registration.
    A person who is a minimum of 18 years i.e.; major, and is an Indian resident. Additionally, the nominee must provide his consent to the company for his/ her appointment.
    Daily transactions of the business are recorded in the Books of Accounts of the Company by the Accountant/s. The Accounts hence recorded are verified by an Independent Auditor to make sure that no statutory compliance are missed and provide an Audit Report for the same.
    (Note: LegalVidur shall only take the accountability of the Accounting Service provided by them but however shall help in appointment of Independent Auditor for your business.)
    Any natural person above the age of 18 years can become a director in the company after procuring Director Identification Number (DIN). As there are no criteria provided in terms of citizenship or residency, a foreign national can also become a director. The application of DIN Allotment is now merged with the application for the formation of a company, subject to a limit of maximum 3 DIN.
    Director Identification Number is a unique number assigned by the Ministry of Corporate Affairs to Individuals on application made. This allows any individual to be a Director in any Company or Designated Partner in LLP.
    Digital Signature Certificate is provided in the form of a token issued by Certified Authorities. Any form that is filed for an online OPC registration in India shall be submitted after affixing the DSC of an Applicant. Also, the directors will require a DSC for DIN application and the nominee and shareholder shall possess DSC for submitting e-forms for incorporation.
    No, none of the member or director is required to be present as the whole process of OPC registration is online. All the forms are filed on the web portal and are digitally signed. Also, the required documents can be sent through an e-mail or uploaded on our portal for filing.
    It is required to convert an OPC into a Private or Public Company when the paid-up capital of the OPC exceeds 50 lakh Rupees, or the Average Annual Turnover during the relevant period exceeds 2 Crore Rupees. The mandatory conversion will take effect irrespective of the period of existence of OPC.
    Once, the company is registered, it must fulfill below-mentioned requirements on priority:
    • Opening a current account of the company
    • Appointing of the Statutory auditor
    • Depositing the paid-up capital mentioned while registration
    • Issuance and allotment of shares
    During every financial year, the company must hold board meetings in case of more than 1 director. Furthermore, the accounts and financial statements must be audited by an independent auditor. Subsequently, it shall file form AOC – 4 and MGT – 7 as a part of Annual Compliance within the given time.
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