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One Person Company (OPC) Registration
- Get owner DIN & Digital Signature
- We help in Unique Name Approval of OPC
- Our Expertise Services in Drafting AOA & MOA of OPC
- PAN
- TAN
Online One Person Company (OPC) Registration
With the latest and tremendous changes in business and making business setup easy in India, One Person Company is a unique concept introduced by the Ministry of Corporate Affairs in order to encourage the small traders and entrepreneurs. One of the major advantages of an OPC is that there can be only one member in an OPC, where in case of Private Limited Company or a Limited Liability Partnership minimum two persons are required. Similarly as in case of a company, a natural person, who is a citizen of India, shall be eligible for registering a One Person Company, with the requisite that the person should be resident of India. One Person Company is defined in the Companies Act 2013 as a Company which has only one member. A single shareholder holds 100 percent shareholding. One person can form a company without any additional shareholder, and if the member is willing to add shareholders, all he needs to do some procedural compliances to convert OPC in to a regular private limited company and file it before MCA.
Minimum requirement for starting One Person Company
- Minimum One Person
- Minimum Capital shall be Rs 100000
- DIN for person who is proposed to be owner of Company
- Digital Signature (DSC) for one person
- Consent From the owner & nominee
- Proof of Registered Address (like light bill / Rent agreement etc.)
- NOC from the owner of premises
Advantages of One person company Registration
Quick Start
To start an OPC is a quick mechanism and can be done within a period of 6-7 Days. It provides a quick start from legal procedural point of view. You can get an OPC registered with Ministry of Corporate Affairs very quickly.
Distinct legal entity
Like any Company whether Private Limited or a Public Company, One Person Company has a distinct legal entity from its members which is capable of doing everything that an entrepreneur would do. In many aspects it has similar features to that of a Private Limited Company.
Compliances requirements
OPC will also be required to comply with the provisions as applicable to Private Companies. However OPC still enjoys a number of exemptions and therefore have lesser compliance burden as compared to a Private Limited Company.
Legal Status to a Business
One Person Company not only gives the entrepreneurs the legal status to the business but also a social recognition as it enjoys the same status as that of a Private Limited Companies which help the entrepreneur to attract quality workforce along with designation like Directorship which cannot be used by Partnership firms or Limited Liability firms.
Easy Access to loans from banks
Generally Banks prefer to lend loans to One Person Company rather than Proprietary Firms or Partnership Firms . In certain circumstances it is advisable to many entrepreneurs to start up business as One Person Company rather than Proprietary Firm and Partnership Firm.
The Only Owner
Being the sole owner is the best advantage for incorporating an OPC which in turn makes decision making of the business more quick without much unnecessary intervention making functioning of business more smooth.
To register your One Person Company...
Call us at: +91-9999331175 or Email us:
Documents Required For One Person Company Registration
Latest Passport Size Photograph of each proposed partner
Aadhar Card of each proposed partner
PAN Card of each proposed partner
Need Rent Agreement and NOC from Landlord.
Photo of Premises
What We Offer in One Person Company Registration
Name Approval
Certificate of Incorporation
AOA & MOA
PAN Registration
TAN Registration
Digital Signature
DIN of Director
10+ Premium Legal Agreements
MSME Registration
Shop Act Registration
FAQ- One Person Company Registration
An OPC is a good alternative to running a sole proprietorship, largely because it gives limited liability to the business owner. This means that your liability is limited to the amount you've invested in the business; business debts cannot be recovered from personal possessions. Also, a sole proprietorship ceases to exist on the death of its promoter. In the case of an OPC, the nominee director takes over and the entity continues to exist. Single entrepreneurs who do not have another partner to start a private limited company may also consider it.
An OPC has certain limitations. The person starting the business is its only director and shareholder. There is also a nominee director, but this person has no power whatsoever for raising equity funds or offer employee stock options. The nominee exists only to take over in case of the death or incapacitation of the director. The nominee is chosen by the director, and can be anyone, such as your spouse, parents or siblings. The nominee will need to provide identity proof during registration
All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.
Only Indian residents can register an OPCs, and that, too, only one at a time, as per the specifications of the Ministry of Corporate Affairs
Lalit Aggarwal & CO. can help in OPC registration on fast track mode with dedicated team. It takes appx. 7-15 working days for registration.
Yes. Residential address can be used for OPC registration. Most of start-ups uses same and changes later on.
No. The process followed by us for OPC registration is complete online. You just need to send scaned documents over email.
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Compare Your Options
Recommended For
Investment
Limited Liability Protection
Tax Advantages
Perpetual Existence
Statutory Compliances
Persons Required
Private Limited Company
Start-ups and growing companies
Very easy to accommodate investment & bank Loan
Yes
Few benefits
Yes
Moderate
Minimum 2
Limited Liability Partnership
Professional services firms
Possible, but unlikely
Yes
Few benefits
Yes
Low
Minimum 2
One Person Company
want be One Owner
Possible, but severely unlikely
Yes
Few benefits
Yes
Low
Max 1
Partnership
Regular Business
Possible to take loan from bank
No
Minimal
No
Minimal
Minimum 2
Sole Proprietorship
Small & Midsize business
Moderate
No
Minimal
No
Minimal
Max 1
Let's Start your Sole One Person Company and fulfill your Dream…
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