Online One Person Company Registration.
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Obtain One Person Company (OPC) Registration swiftly online in India, facilitated by our adept professionals. Experience streamlined procedures, rapid incorporation, seamless bank account opening, and transparent pricing devoid of concealed charges—all within a span of 7 days.
Our Clients
What is a One Person Company?
A One Person Company (OPC) is established when a single individual assumes the roles of both director and shareholder within the business structure. This innovative concept was introduced under the provisions of the Companies Act of 2013. Essentially, an OPC operates as a type of sole proprietorship firm structured as a corporation, granting the sole individual complete authority over the business while concurrently limiting their liabilities and responsibilities.
Furthermore, under section 2(62) of the Companies Act 2013, a company with only one person serving as both director and member is classified as a One Person Company (OPC).
According to Section 2(62) of the Companies Act 2013, a company can be established with just one Director and one member. In India, the registration of a One Person Company entails fewer compliance requirements compared to a Private Limited Company.
What is a Private Limited Company?
How do I Register One Person Company (OPC Registration)?
Setting up a one-person company is a straightforward and cost-effective process when you engage our expert professionals.
Unlike private limited companies, there's no need to involve multiple individuals for directorship. With our assistance, you can establish a one-person company independently, without the need for a co-founder.
Registering a One Person Company is a seamless and efficient procedure, which can be completed online with ease, following these simple steps:
Step 1: Consult our advisors, who will help assess your eligibility and provide guidance on the required documents.
Step 2: Our team will aid you in selecting a unique company name available in the MCA records.
Step 3: We'll assist you in applying for the Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the director.
Step 4: Our professionals will prepare all necessary ROC forms, including the Memorandum of Association (MOA), Articles of Association (AOA), Spice, DIR, COB, etc., and submit them to the Ministry of Corporate Affairs (MCA).
Step 5: Once approved, we'll deliver your Certificate of Incorporation, PAN, TAN, and all other essential documents promptly.
Why Choose One Person Company Registration?
Registering as a One Person Company (OPC) offers numerous advantages beyond that of a sole proprietorship. By establishing your business as a registered company under the Ministry of Corporate Affairs (MCA), you enhance its credibility and enjoy various benefits:
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Single Ownership: OPC allows a single owner to incorporate a company, providing opportunities for solo entrepreneurs to formalize their businesses.
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Name Protection: Unlike a sole proprietorship, the name of your company is safeguarded and cannot be replicated by others, ensuring your brand identity remains intact.
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Reduced Compliance Burden: OPCs typically have fewer compliance requirements compared to other forms of business entities, simplifying administrative obligations.
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Limited Liability: Directors of OPCs enjoy limited liability protection, shielding personal assets from business liabilities and obligations.
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Access to Financial Support: Being a registered entity, OPCs are more eligible for banking loans and credits, facilitating financial growth and expansion.
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Favorable Taxation: OPCs often benefit from lower income tax rates compared to sole proprietorships, enhancing profitability and financial stability.
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Autonomy and Control: With no intervention from third parties, OPCs allow owners to maintain full control over business operations and decisions.
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Ease of Succession: In the event of the owner's demise, ownership of the OPC can be smoothly transferred to a nominee, ensuring continuity and stability.
Eligibility for One Person Company Registration
Indian Citizenship Requirement:
The Director or Shareholder of the company must be an Indian citizen and a resident of India. Non-Resident Indians (NRIs) or Foreign Nationals are not eligible for OPC registration in India.
Minimum Age Requirement:
Prior to One Person Company registration, the owner must be at least 21 years old. Minors are not permitted to operate as members of an OPC.
Nomination Process:
During the OPC incorporation process, the promoter must select and provide Know Your Customer (KYC) details of a nominee.
Minimum Capital Investment:
An OPC does not necessitate any minimum capital investment. You can establish an OPC with a nominal paid-up capital of just Rs. 1/-. However, an OPC must be registered with a minimum authorized capital of Rs. 1 Lakh.
Unique Company Name: Your company's name must be distinct and unique. The proposed company name should not resemble any existing registered Indian companies or trademarks.
Benefits of One Person Company Registration
There are various reasons to register your business as One Person Company:
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Limited Liability Protection for Director's Personal Assets: By registering as an OPC, the personal assets of the director are shielded from business liabilities, providing a crucial layer of protection.
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Enhanced Financial Standing: An OPC often enjoys improved access to loans and higher overdraft limits, bolstering its financial credibility and reputation in the market.
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Sole Control and Management: With no involvement of external third parties, an OPC allows for streamlined decision-making and operational autonomy.
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Favorable Taxation: Compared to sole proprietorships, OPCs typically benefit from a more favorable income tax rate, optimizing tax efficiency for the business.
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Reduced Compliance Burden: OPCs entail comparatively lesser compliance requirements when juxtaposed with other corporate forms of business, simplifying administrative obligations for the entrepreneur.
Documents Required for OPC Registration
# Document of the Company’ Director
1. Photo
2. PAN
3. Aadhar
4. Address Proof*
5. Proof of Identity**
#Proof of the Company's Registered Office Address
1. Latest electricity bill
OR
any other utility bill in the name of the owner
2. Rent agreement b/w owner & company promoter
OR
NOC from Owner (if owner is the company's promoter)
*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).
**For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).
Step-by-Step Process for Online One Person Company [OPC] Registration
"Our streamlined process ensures swift registration of One Person Companies (OPCs), typically completed within 7-10 working days. Leveraging digital platforms, we simplify the entire OPC registration journey, consolidating paperwork into a single online interface. Our seasoned professionals provide comprehensive guidance throughout the process.
Day 1:
- Assess eligibility and verify documents
- Initiate Digital Signature Certificate (DSC) and Director Identification Number (DIN) application
Day 2 - 3:
- Reserve company name
- Develop business objectives
- Draft Memorandum of Association (MoA), Articles of Association (AoA), Director Identification Report (DIR), and other relevant documents
- Share drafts for your approval
Day 4 - 5:
- Submit Spice+ form for company incorporation
- File necessary registration forms
- Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the OPC
Day 6 - 10:
- Await processing of applications by the Ministry of Corporate Affairs (MCA)
- Upon approval, Registrar of Companies (RoC) issues Certificate of Incorporation along with PAN and TAN
- Assist in opening a Current Bank Account for the OPC"
How can we help in One Person Company Registration?
We boast a distinguished team of experts capable of delivering a seamless and accurate Online Company Registration Service in India. Our professionals are dedicated to staying updated on the latest registration procedures outlined by the Ministry of Corporate Affairs (MCA), ensuring that your One Person Company Registration process is executed flawlessly.
Upon completion of our One Person Company Registration services, we provide you with a comprehensive company incorporation document kit, which includes:
1. Certificate of Incorporation
2. Commencement of Business Certificate
3. Director's identification number for one director
4. Company's PAN and TAN
5. Digital Signature for one Director
6. Memorandum and Articles of Association (MOA/AOA) of the company
7. ROC Registration Fees Challan
But that's not all! We go the extra mile by assisting you in opening a current account with Bank, sparing you the hassle of dealing with repetitive document requests from bank representatives. With our support, you can confidently embark on realizing your entrepreneurial aspirations.
Types of Company Registration
COMPARISON
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Regulate by Act
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Equity Funding
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Taxation
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Number of Shareholders
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Separate Legal Entity
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Limited Liability
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Statutory Audit
-
Statutory Compliances
-
Foreign Participation / Investment
-
Recommended for
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Companies Act 2013
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Easily Possible
-
26%
-
Minimum 2 Maximum 200
-
Yes
-
Yes
-
Mandatory
-
Moderate
-
Allowed
ONE PERSON COMPANY
-
Companies Act 2013
-
Not Possible
-
26%
-
Only one
-
Yes
-
Yes
-
Mandatory
-
Moderate
-
Not Allowed
-
Limited Liability Act, 2008
-
Possible, but unlikely
-
31.2%
-
Minimum 2 Maximum - Unlimited
-
Yes
-
Yes
-
If turnover exceed Rs.40 Lakhs
-
Less
-
Allowed
-
Professionals [CA, Architect, Agencies, Consultant, etc]
PACKAGES
Standard
₹ 7999
Plus taxes
Company Name Approval
Certificate Of Incorporation
Commencement of Business
Current Bank Account*
PAN
TAN
1 DIN
eMOA
eAOA
PF Registration
ESI Registration
GST Registration
Documentation Kit
(1 Indian Director, 1 Shareholder and Authorised Capital of Rs. 1,00,000)
Premium
₹ 11999
Plus taxes
Company Name Approval
Certificate Of Incorporation
Commencement of Business
Current Bank Account*
PAN
TAN
1 DIN
eMOA
eAOA
PF Registration
ESI Registration
GST Registration
Documentation Kit
Website**
Online Payment Gateway
(1 Indian Director, 1 Shareholder and Authorised Capital of Rs. 1,00,000)
Basic
₹ 5999
Plus taxes
Company Name Approval
Certificate of Incorporation
Current Bank Account*
PAN
TAN
1 DIN
eMOA
eAOA
(1 Indian Director, 1 Shareholder and Authorised Capital of Rs. 1,00,000)