One Person Company
If You Are Alone, Then You Can Start Your Own Venture Alone.
₹ 5,499 (All Inclusive)
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What is One Person Company Registration?
A one person company is kind of business which is owned by a single person. The idea of One Person Company (OPC) in India was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. In this kind of a business, the same person can both be the director as well as the shareholder. It’s a better option than a sole proprietorship and gives a person full control over the business while limiting his liabilities. Furthermore, if an OPC hits an average three-year turnover of over Rs. 2 crore or has a paid-up capital of over Rs. 50 lakh, it must be turned into a private limited company or public limited company within six months.
What Is Included In Our Package?
Procedure For OPC Registration
Documents Required For OPC Registration
Minimum Requirements for OPC Registration
Advantages Of One Person Company?
5 SIMPLE STEPS
to Start One Person Company in India
Frequently Asked Questions
– Only one people is allowed in an OPC. Additionally, you need to have a nominee.
– The person must be an Indian citizen and a Resident of India. However, the individual must 18+ above in terms of age and should have a valid PAN card.
– Yes, you can register your company at your residential address.
– Its take minimum 5 to 7 days or more depend on State ROC Department Procedure.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. They get the company incorporation certificate from MCA via courier at their business address.
Yes, company office address can be changed anytime after incorporation.
Firstly we just need to find a unique name as prefix and promoters need to provide name of the proposed One Person Company along with significance of word. Secondly the name needs to include a word about the One Person Company business activity. Finally before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.
There is no difference in capital requirement between an OPC and a private limited company. It needs an authorised capital of Rs. 1 lakh to begin with, but none of this actually needs to be paid-up. This means that you don’t really need to invest any money into the business.
Yes, One Person Company will be formed as similar as a “Private Limited Company”. It can be formed as company limited by share capital or limited by guarantee or unlimited company. The words “One Person Company” will have to be mentioned in brackets below the name of such company, wherever its name is printed, engraved or affixed.
Only a natural person who is an Indian citizen and a resident in India is eligible to be a nominee member.
OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM), so lesser compliance cost than a private limited company.
No, an NRI or Foreign National cannot be a shareholder for an OPC.
no one person company can convert Voluntary into any kind of company unless two years have expd from date of incorruption of OPC expect threshold limit (paid-up capital) is increase beyond 50lakhs or the annula tarou during the reverent period exceeds 2 crores.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs).It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
PAN is a Permanent Account Number (10-digit alphanumeric number), which is issued by the Income Tax Department in India. A PAN Card is used as a document of identity proof.
(TAN) is a Tax Deduction and Collection Account Number (10-digit alphanumeric number), issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.