One Person company (OPC): Section 2(62) of Companies Act defines a one-person company as a business structure that allows a single person to own, manage, and have complete control over a company. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member.
Our comprehensive service ensures your company is set up efficiently, with all the essentials covered.
Submit to get One Person Company (OPC) Registration
Ease to manage as compared to other entities
There is no chaos in any decision making
Liability is also limited in the OPC
It also enjoy the feature of Perpetual legal entity
One Person Company (opc) Registration Service Details
Company Registration Process: -
Registration of one person company include several steps
Acquire a Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Name Reservation of the Company i.e., Spice+ Part A
Submission of Company details i.e., Spice+ Part B
Preparation and submission of Incorporation forms (INC-33 MOA, INC 34 AOA, INC 35 Agile Pros, INC-9)
After all the process we will get the Certificate of Incorporation (COI) and other ancillary documents.
Post incorporation compliances.
Now Let’s discuss in details what include in every step and how we proceed with that,
First, we have to check whether director have DSC or not if yes then we have to collect the same if not then we have to make Digital Signature first, because every work is electronically so every director is requiring to sign every form electronically through DSC. Documents required for Individual DSC making is Aadhar card, PAN card, Bank statement, photograph of director. For DSC you can refer our DSC service tab for more information.
Secondly, we have to know whether the Director has existing DIN or not, if yes then we have to collect the required information of the director that in which company he has interest and how much he holds shares in the company.
Then after all that we are going to reserve the name of company by filing the form Spice+ Part A and it took 3 days for getting the name reserve and after that we have 21 days to incorporate a company.
Meanwhile, in between the 3 days of name approval we will make other necessary documents like DIR-2, NOC for registered office etc.
After the name approval we will file details in Spice+ Part B form which include details of shares, subscribers, directors, registered office, PAN TAN codes, etc. and submit the form after signing of all the forms by every director and shareholders.
After submitting the form, we have to prepare INC 33 i.e., Memorandum of Association, INC 34 Article of Association, INC 9 details of Subscribers and Directors, INC 35 Agile PROS.
And then we have to submit all the forms and wait for the approval by the Registrar of Companies.
After getting we have to done post incorporation compliances likeADT-1, INC-22, INC-20A, GST registration etc.
Documents Deliverables are: -
Certificate of Incorporation (COI)
Memorandum of Association i.e., INC 33
Articles of Association i.e., INC 34
Agile PROS i.e., INC 35
Details of Subscribers and Directors i.e., INC 9
PAN Card of company will be shared over mail by MCA Department
ESI/PF credentials will be shared over mail by MCA Department
TAN Card of company will be shared over mail by MCA Department
Time Taken to incorporating a company is 8-10 days
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
First condition is to incorporating a One Person company in India is you require at least 1 director.
Director must be major and not of unsound mind and incapacity to do the task as per the law.
Company must have a registered office situated in India.
There is no minimum capital requirement for incorporating a company in India.
One Person Company cannot invite shares through issuing share in public.
One Person Company must have to comply with all the regulatory and legal compliances with ROC.
Company must have a legitimate purpose to run the business.
A person can be nominee in one or more OPC but cannot be the Director in more than one OPC.
Director is not disqualified under any law.
Documents Required for One Person Company (OPC) Registration
Now let’s Discuss about the documents need for registering a One person Company in India.
First of all, documents required related to the director & shareholder of company are
Educational qualification that they had completed till now or pursuing.
KYC Documents I.E., Aadhar Card, Pan Card, Photograph of The Director, Mail I’d & Mobile Number of The Director, Bank Statement Of The Director, DIN If Having With Director.
Digital signatures certificate (DSC) of the director.
Declaration by the Director under form number DIR-2 about the consent of becoming director and enclosing the Directorship or holding of any interest in any company.
Now secondly, we need documents related to the company i.e.,
4 proposed names of the company going to incorporate. Why we are asking for 4 names? because if any resubmission or issue arise alike that then we can use 2 other alternate names for the company incorporation.
Share capital of the company clearly stating the share of every shareholder in the said capital
Now lastly, we need the documents related to the registered office of the company i.e.,
No objection certificate for the registered office from the owner of property stating clearly of having no issue for taking registration at that place.
Rent Agreement required if the property is not on the name of company going to incorporate.
Latest electricity bill or any other utility bill is required for the proof of address office of company but it can’t be older than 2 months.
Benefits Of Getting One Person Company (opc) Registration
Limited liability: - A one person company enjoys the benefit of limited liability which means shareholder are liable only extent to their capital contribution.
Tax benefits: - A one person company enjoys the benefit of tax and has lower tax rate as compare to other entities.
Distinct legal identity: - A one person company possess and independent legal entity distinct from its directors and shareholders. It has the capacity to sell, buy anything on the name of company.
Remove Chaos: - There is no chaos in the work environment of OPC as there is only sole person is solely liable for everything.
Perpetual Legal Entity: - It has the feature of perpetual legal entity which means director may come and go but the company is going to run forever.
Ease to manage: - There is ease to manage because owner has full control over decision making
One Person Company (opc) Registration Sample Document
Download One Person Company (opc) Registration Sample
A person elected as nominee will convert to the director or member of the OPC in place of the existing director in the case of death of member or incapacity to contract.
A One Person Company (OPC) is a type of company that can be formed with just one person as its member and director. It combines the benefits of a sole proprietorship and a company, providing limited liability protection to the single member.
Any Indian citizen who is a resident in India can form an OPC. The person must be at least 18 years old and should not be insolvent or disqualified by any law
The sole member of an OPC must nominate a person who will become the member in case of the member's death or incapacity to contract. The nominee must give prior written consent to be nominated
Yes, an OPC can be converted into a private or public company if its paid-up share capital exceeds ₹50 lakhs or its average annual turnover exceeds ₹2 crores in the preceding three financial years
There are various forms that filed annually with ROC i.e., MGT-7&7A, AOC-4, ADT-1
No, a foreign national cannot be a director of a One Person Company (OPC) in India. Only Indian citizens and residents of India are eligible to be members or directors of an OPC
