One Person Company Registration


Simple Company Registration Process. One Person Company (OPC) is a new & different type of business entity that permits a single entrepreneur to operate or run a corporate entity with limited liability protection. Registration SEVA offers One Person Company registration from Rs.12999/-

₹12,999.00

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Product Description

About One Person Company

The concept of One Person Company (OPC) in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a company by allowing them to create a single person entity. One of the biggest advantages of a OPC is that there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Similar to a Company, a OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate. Though a One Person Company allows a single Entrepreneur to run a business with Limited Liability protection, a OPC does have a few limitations. For instance, every OPC must nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. Also, a OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rupees Two crores and must file audited financial statements with the Ministry of Corporate Affairs (MCA) at the end of each Financial Year. Therefore, it is important for the Entrepreneur to carefully consider the features of a OPC prior to incorporation. Registration SEVA can help to register a One Person Company (OPC) in India.

One Person Company Registration Process

DIN & DSC
1 to 2 Days
Drafting MOA & AOA
2 to 4 Days
Submission of forms to MCA
4 to 5 Days
Certificate Of Incorporation
6 to 10 Days

Advantages of One Person Company

Simple Registration Process.

One Person Company can be registered by only one person, by complying with the prescribed limited formalities of the Companies Act, 2013.

Limited Liability

Limited Liability is the greatest benefit of Private Limited Company. If any legal liability arise then neither it’s member nor it’s director’s personally affected; Liability of the members are only for the unpaid amount on shares held by them and not more than that. Shareholders are not liable for Company’s debts and liabilities.

Separate Legal Entity

One of the best advantage of a Private Limited Company is that it is distinct from that of its members. A company is a separate entity having its own rights & Obligations.

Perpetual Succession

A company with ‘perpetual succession’, has continued or uninterrupted existence until it is legally shut down. Company, being a separate legal entity, is not affected by the death of any member or transferable of shares but continues to be in existence.

Funding Capacity

Venture capitalists or Angel Investor’s prefer Private Limited Companies for Investment or funding. It is very easy to issue equity shares and get Investment.

Easy Transferability

Shares of a Private limited company are easily transferable by a member to any other person. No more complicated formalities are there.

Owning Property

A company being a separate legal person, can purchase, own, enjoy and alienate or sale, property in its own name. No member or shareholder can make any claim upon the property of the company so long as the company is a going concern.

Minimum Compliances

A One Person Company is required to do lesser legal formalities as compared to a Private Limited Company. It gets special exemptions and privileges under the Company Act, 2013. Therefore, in One Person Company, less number of compliance are required.

Frequently Asked Questions (FAQs)

0.1 What is One Person Company ?

The concept of One Person Company (OPC) in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a company by allowing them to create a single person entity. One of the biggest advantages of a OPC is that there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Similar to a Company, a OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.

Though a One Person Entity allows a single Entrepreneur to run a business with Limited Liability protection, a OPC does have a few limitations. For instance, every OPC must nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. Also, a OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rupees Two crores and must file audited financial statements with the Ministry of Corporate Affairs (MCA) at the end of each Financial Year. Therefore, it is important for the Entrepreneur to carefully consider the features of a OPC prior to incorporation. Registration SEVA can help to register a One Person Company (OPC) in India.

0.2 How many Shareholders are required to Register a One Person Company?

Only One shareholders required to register a One Person Company.

0.3 How many Directors are required in One Person Company?

Minimum of One directors are required to register a One Person Company and the maximum number cannot exceed beyond fifteen.

0.4 How much money do I need to start a Private Limited Company?

In case of One Person Company, No minimum capital required

0.5 Documents Required to Process?

For Directors And Shareholders (In Scan only) :

1. PAN Card
2. Identity Proof – Anyone (Election ID/Passport/Driving License/Aadhar Card)
3. Photographs
4. Address Proof – Anyone and Latest by One Month (Bank Statement/Mobile Bill/Telephone Bill/Electricity Bill)

NOTE: AADHAR CARD/DL/PASSPORT/VOTER-ID WILL NOT BE ACCEPTED AS ADDRESS PROOF.

For Registered Office (In Scan only) :

In case the premises are Rented
Rent agreement

In case the premises are Owned by any Director or any Relative
Registry Proof or House tax receipts + Latest Electricity bill + NOC from the Owner on the name of any Director

0.6 Information Required

(Only information NO Documents Required):

1. Education Qualification of all the persons Involved
2. Any Landline number
3. Place of birth of all the persons
4. Mobile Numbers of Directors
5. Email IDs of Directors

Company related Information:

1. State in which company will be registered
2. Complete Registered office address along with PIN Code
3. Proposed business of the company in brief
4. Proposed Name of the company
Name should be like this First Name – To be unique eg. XYZ
Second Part – Activity Word eg. If Technology Company then Technologies, tecnosoft are the activity Words Complete Should be Like this:

XYZ Technologies (OPC) Private Limited
XYZ Technosoft (OPC) Private Limited

Brief Significance of Prefix used in Company Name.