One Person Company

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    One Person Company Registration In India

    The easiest arrangement for a licenced sole proprietorship company under the type of Pvt Ltd. with only one shareholder/owner is the OPC. A single/one owner gains full authority over the company with indebtedness

    Eligibility Criteria for OPC Registration

    • Minimum Directors-1
    • Minimum Shareholders-1
    • Anyone person Nominee Details-1
    • Minimum Capital-No limit
    • Citizenship- Atleast one Indian resident
    • Registered office- Home or Anywhere in India.
    • Minimum Capital required-No limit

    * The maximum amount of capital that a company can raise through the issuance of shares to shareholders is known as authorised capital. … For Example: Suppose a firm includes a licensed of ₹50,00,000, then it can issue shares worth up to ₹ 50,00,000 to its shareholders and can’t issue anything beyond it unless increase in authorized capital again.

    * Government fee has been calculated on minimum contribution of Rs.1 lakh within the refill form.
    * Stamp duty can differ from one state to the next and be paid accordingly.

    Our Process for OPC Registration

    -1 Working Days

    Digital Signature Certificate

    DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the single person company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

    -1 Working Days

    Director Identification Number

    DIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

    -5 Working Days

    Name Approval

    After obtaining DSC and DIN, the next step is name approval. We will ask you for a few names of your choices and our attorney will file the requisite form with the ROC within 2-3 working days. Our attorney will conduct a prior search for your name availability and you may do it yourself on your discretion. Out of 2 Proposed names of the company in the order of preferences, a name is reserved by the ROC and the OPC is registered with the same name.

    -8 Working Days

    Incorporation Documents

    On obtaining the name approval, our attorney will assist your company to incorporate company documents, i.e. Memorandum of Association and Articles of Association and file on your behalf with the Registrar of Companies ROC within 3 to 5 working days. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your Id.

    Documents Required for OPC Registration

    ID Proof

    Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License

    Address Proof

    Latest Bank statement/ Utility bill in the name of director should not be older than two months

    Photo

    Latest passport size photograph of all the directors

    Registered Office

    (NOC), Utility bill,  Rent agreement (if rented)/ Registry Proof or House Tax Receipt (if owned)

    What will you get

    DSC

    Digital signature for two directors

    MOA

    Defines the rules and objective of the business

    AOA

    Defines the rules and objective of the business

    PAN

    PAN number of the company

    TAN

    TAN number of the company

    CERITIFICATE

    Certificate of incorporation

    Benefits of OPC Registration

    Protection to Directors personal assets

    Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a one person private limited company, only investment in business is lost, personal assets of the directors are safe.

    Helps for Testing of Business Model 

    The OPC business helps Startup Entrepreneurs to easily test their business model, and upon building a marketable product, they can approach Angel investors, Venture capitalists for funding and easily convert their OPC into multi shareholder Private Limited company.

    Easy to raise funds and loans

    OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM) and other regular compliances.

    Better image and credibility in Market

    In India, OPC is a Private limited company, which is a popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship firms.

    Complete Control of the Company

    This leads to fast decision making and execution. Yet OPC can appoint as many as 15 directors for administrative functions, without giving any share to them.

    Easy to Sell

    OPC Company is easy to sell, very less documentation and cost is involved in selling a One Person company.