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
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
- 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
- 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
- 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
Lower Compliance Requirements
Limited Liability of Owners
Separation of Management and Ownership
Documents Required
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PAN Card
PAN Card of shareholder, nominee, and Directors. -
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholder, Nominee, and Directors. -
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address -
Rent Agreement
Rent Agreement of the registered office should be provided, if any
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Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholder, Nominee, and Directors. -
Photograph
Latest Passport size photograph of Shareholder, Nominee and Directors -
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office
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?
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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)
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.
(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.)
• 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