What is One Person Company?

The concept of One Person Company in India was introduced through the Companies Act 2013.Though a One Person Company allows Entrepreneur to operate a corporate entity with limited liability protection. One Person Company (OPC), can be formed by a single person The One person company is juristic, and liability of members is limited to their shares. OPC gives a single director to enjoy full control over the business. if an One Person company cross an average turnover of over Rs.2 crore over three years or has a paid-up capital of over Rs.50 lakh, mandatorily to be converted into a private limited company or public limited company within 6 months.

A Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.Some of the unique features of a private limited company like the limited liability protection to shareholders, the ability to raise the equity funds, separate legal entity status and the perpetual existence make it one of the most recommended type of business entity for small and medium sized businesses that are owned by families or professionally managed.

It takes 10-12 working days to complete company formation, subject to the government processing time and the client document submission.

Advantage of One Person Company

Continuity of existence

The life of a business is not affected by the status of shareholders and even after the death of the shareholder, the OPC continues to exist.

Credibility

OPC books & accounts audited annually, it has greater credibility among vendor, customers, employees and bakers.

Single Promoter

One person company is only corporate entity which can be started and operate by a single promoter which provide fully control over the business of a single person.

Limited Liability

Liability of Directors of the one person company is limited to their shares. That means if the company suffers from any loss and faces financial crisis then the personal assets of shareholder / Member / Director will not be at risk of being seized by bank, creditors, and government.

Easy Transferability

Ownership one person company can be easily transferred by transferring shares. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee filed by director.

Document required for OPC registration

Pan card of director
ADDRESS PROOF OF THE DIRECTOR
Passport size photograph of director
Address poof of business premises
Utility bill of business premises

Our package includes

Digital Signature Of Director
DIN
Name Reservation
Complete The Process Of Registration

PROCESS OF OPC REGISTRATION

Step 1

Digital Signature Certificate (DSC)

Directors of the private limited Company should have a digital signature and digital signature will use to file the registration, ROC compliance forms, and Tax returns.

Step 2

Director Identification Number (DIN)

When a Digital signature is approved, and you will get an approval email from the Registrar of companies that you are now eligible to be a director of a company. It takes 1-2 working days to approve DIN

Step 3

Name Reservation

After DIN Allotment we will proceed to file a Name approval application to ROC on your behalf.

Step 4

Final Incorporation and CIN

After Name approval from the Registrar of Companies, we will file incorporation form with all supporting documents. Registrar of companies takes 3 working days to complete the approval process of a company

One Person Company

Get Started Now Rs.6999 +taxes* Onwards

REQUEST A CALL BACK