One Person Company Registration
Register your OPC now. Get Started at Rs.11,999/- Inclusive of all taxes and govt. fees
Services include: One DSC & One DIN, Name Reservation, MOA & AOA, SPICe (INC-32) Filing, Company PAN & TAN.
WHAT IS ONE PERSON COMPANY?
One Person Company Registration in India
The concept of One Person Company (OPC) as a new business form is introduced by the Companies Act, 2013. One Person Company is for individuals to carry on business with limited liability.This form of business entity is a Private Limited (OPC) having only one member or we can say that OPC is the preferred choice of business for startups who have only one founder.
Every OPC has to mandatorily nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. An OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs (MCA) at the end of each Financial Year.
ADVANTAGES OF ONE PERSON COMPANY
Benefits of One Person Company Registration
Separate Legal Entity
OPC is a separate legal entity distinct from its creators.
OPC has continuous existence beyond life of promoters
OPC form of company is very easy to manage. Only few filings are to be made with ROC and they are exempted from conducted Annual General Meeting. The Board Meetings can be conducted for every six months.
HOW TO REGISTER ONE PERSON COMPANY?
One Person Company Registration Procedure in India
OPC Registration Procedure in India is very simple. After the introduction of INC-32 (SPICe form) by MCA (Ministry of Corporate Affairs), registration process became more simple and faster.
OPC Registration Process using recently introduced INC-32 Form.
Questions? Call us at +91 95408 11400
DOCUMENTS REQUIRED FOR OPC REGISTRATION
To be Submitted by Director & Nominee
- Copy of PAN Card or Passport in case Foreign Nationals & NRIs
- Copy of Voter's ID/Passport/Driver's License
- Copy of Latest Bank Statement/Telephone Bill/Electricity Bill/Gas Bill
- Passport-sized photograph
- Specimen signature of Director (blank document with signature)
To be Submitted for Registered Office Address
- Copy of Latest Bank Statement/Telephone Bill/Electricity or Gas Bill
- Copy of Notarized Rent Agreement in English (In case of rented Property)
- Copy of No-objection Certificate (NOC) from property owner
- Copy of Sale Deed/Property Deed in English (In case of owned property)
Note: Registered office need not be a commercial property, it can be a residential property, too.
FAQ - ONE PERSON COMPANY REGISTRATION (OPC)
Frequently Asked Questions on OPC Registration
1. How much time is needed for Registration of a OPC?
With Newly Introduced SPICe form the total time to register a One Person Company reduced to 5-7 working days.
2. Can a OPC converted into Private Limited Company?
Yes, a One Person Company converts itself into a Private Limited Company as following
When a OPC gets incorporated, it cannot convert itself to Private or Public company for a period of not less than two years from the date of incorporation. Means if you want to get converted voluntarily you have to wait for two years to over
When a OPC has a paid-up capital more or equal to Rs. 50 lakhs or, the Annual turnover for the relevant financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into Private Limited Company or Public Limited Company.
3. Is an office required to open a company?
An address in India where the registered office of the One Person Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
4. Need for a Nominee?
A nominee is a next of kin for an OPC. A nominee becomes the shareholder in case of death / incapacity for the original share holder. A nominee has to be a resident Indian citizen over 18 years of age.
5. Can a Salaried person become the director in a OPC?
Yes, a salaried person can become the director in a OPC, there are no legal bondages in this but you have to check your employment agreement if it contains any restrictions on doing so.
6. I am residing at a place where you don’t have an office, what to do?
Company incorporation process is online. In case we don’t have a physical office in your city, you can email / upload us the required documents or send us through courier.