ONE PERSON COMPANY
What is an OPC?
A One Person Company is a company with a single member.It was introduced by the Companies Act, 2013. OPC extends the concept of limited liability to a company run by a single person. It is similar in respects to a private limited company with certain differences like fewer compliances and relaxation of certain restrictions. Thus, an OPC is subject to all the provisions of the Act like a private limited company unless expressly excluded.
What is OPC Registration ?
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. Since, no intervention from any third party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes. One Person Companies are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial. One Person Company, which is a new concept in India, already sees a big boom. A huge impact on the economy and development of nation is expected. It gives opportunities to many and will therefore bring creative and young minds in front of everyone. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes.
Choose OPC because
- Only one member is required.
- Unaffected by death of member or change in ownership.
- Easy to set up and maintain comparatively.
- Limits the liabilities of its members Minimal Paperwork is required.
- Can act as Stockbroker or Sub-broker
- Not many compliances.
OPC Registration Package?
- DIN for 1 Director
- Digital Signature For 1 Director
- Name approval
- MOA/AOA
- ROC registration Fees
- Company Pan Card
One Person Company Registration
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Ideal for entrepreneur who have alone started a venture
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Starting At Rs. 13,989 Onwards
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SAVE 50% COST…!!! (Takes 10-20 days)
Documents Required For OPC Registration
- Copy of PAN Card of owner
- Passport size photograph of owner
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Why OPC Registration ?
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Uninterrupted Existence
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Separate Legal Entity
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Borrowing capacity
Complete our OPC Form
You are required to fill your details in our simple online questionnaire.
Obtain DSC and DIN for Director of OPC
Then, we shall obtain DSC and DIN for directors and apply for name approval of OPC.
Verification and Name Approval of OPC
Details provided by you for OPC registrationwill be verified by our experts.
Procedure For OPC Registration
Apply for the COI of OPC
We will apply for and obtain certificate of incorporation for OPC and then apply for TAN and PAN.
Your OPC is now Ready
Once your OPC is registered, we shall send you TAN and PAN via courier.
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Obtain DSC and DIN
The proposed directors must obtain a Digital Signature Certificate(DSC) from 8 authorised DSC makers.
Reservation of name
An application for the reservation of a suitable name must be made in Form No. INC-1
Entrenchment Provisions
In case the articles of association contain provisions for entrenchment, the company must inform the Registrar of such provisions in Form No.INC-2 at the time of incorporation of the company or in case of existing companies (by amendment of the articles of association), the same must be filed in Form No.MGT-14 within 30 days from the date of entrenchment of the articles.
Articles of Association
Model articles of association have been provided in Tables F, G, H, I and J of Schedule I, as are applicable, and can be adopted by a company either in totality or otherwise.
Application for incorporation of OPC
An application must be filed, with the Registrar of Companies(ROC) within whose jurisdiction the registered office of the company is proposed to be situated, in Form No.INC-2.
Steps for Incorporation of OPC
Signing of Memorandum and Articles of Association
The MOA and AOA of the company must be signed by the sole member who is also the subscriber to the memorandum, who must give details of his name, address, description and occupation, if any, in the presence of at least one witness who must also attest the signature and must also sign and give his details.
Affidavit of Subscriber and the director
The affidavit must be submitted by sole member who has subscribed to the memorandum and named in the articles in Form No.INC-9.
Particulars of Subscriber
The sole member must file the particulars of subscription with the Registrar at the time of incorporation.
Nomination by the sole member
The subscriber to the memorandum of a One Person Company must nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber’s death or his incapacity to contract, become the member of that One Person Company.
2. The name of the person nominated shall be mentioned in the memorandum of One Person Company and such nomination in Form No INC-2 along with consent of such nominee obtained in Form No INC-3.
Declaration by professionals
The declaration by an Advocate, a Chartered Accountant, a Cost accountant or Company Secretary in practice shall be in Form No. INC-8.
OR
Online Filing of OPC :
The Ministry of Corporate Affairs (MCA) has issued an integrated incorporation form INC-32. So now, an OPC can be incorporated online by filling the Simplified Proforma for Incorporating Company Electronically (SPICe) form in Form INC-32 (using Digital Signature Certificate of the Director)along with (eMOA) in Form INC-33 and (eAOA) in Form INC-34.
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