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One Person Company
Easily Register One Person Company (OPC)
- Pay just Government Fees
- Get 100% Cashback. Effective cost of Incorporation Rs. 0/-
- Get Company Incorporated in 5-7 working days with 100% Guarantee
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What Is One Person Company (OPC)?
One Person Company (OPC) is a separate legal entity which is also same as Private Limited Company; it is an entity separate and distinct from its members. Registration of One Person Company comes under Companies Act, 2013 and governed by the Ministry of Corporate Affairs (MCA). As per the companies Act, 2013 for the registration of Company it should have only 1member. Also, Company should have minimum 1 Directors and Company can appoint Maximum 15 Director. One of the Directors should be Indian.
One Person Company Registration started in 2013, it’s a combination of Proprietorship Firm and Private Limited company in Flexibility and Advantages respectively. In the OPC one different concept i.e. Nominee, because of Single Person owner, he require to appoint compulsory nominee, and the same person should not be a nominee in another company. To take the benefit of OPC company Paid up capital should not be more that Rs. 50 Lac, and Turnover Rs. 2 cr.
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- Name Approval Certificate
- MOA
- AOA
- Incorporation Certificate
- Company PAN
- ESI Registration
- Director DIN
- Company TAN
- PF Registration
- Share Certificate
- Digital Signature
Features Of One Person Company (OPC)
Status
One Person Company is Separate Legal Entity, having Individual Status from its Members and Director. Because of Individual Status it has a capacity to deal with legal problem in case of fraud.
Financial Liability
One Person Company has a Limited Liability, company require to pay till the end of Company Assets only to its creditors. No personal Assets of Members, Directors, Investor’ etc. will club at the time of payments.
Investment Opportunity
In any entity while doing business many times arise fund shortage issues. One Person Company has many more options to raise fund from investors or lenders. And financial institutions give presence to Company for loan as compare to other entity.
Document Required for One Person Company (OPC)
- Photos
- Pan Card
- Aadhar Card/Voting Card/Driving Licence/Passport
- Electricity Bill/Mobile Bill/Gas Bill/Bank Statement
- Utility Bill for Office
- Tax Receipt/Purchase Deed/Rent Agreement/Maintenance Receipt
Frequently Ask Questions (Faqs)
What are the advantages?
Ans: The advantages are as follows:
• Get bank loans
• lesser compliances
• limited liability
• legal protection etc
What is one person company?
Ans: It is a company which can be in corporate with a single person.
Can a member also be a director?
Ans: Yes a member and director can be the same person.
What is the minimum capital required?
Ans: No minimum capital is required.
What is threshold limit?
Ans:If the paid up capital exceeds Rs 50lacs or turnover exceeds Rs2crores , the opc has to be compulsorily converted into a private or public company.
What are documents you get after the registration?
Ans: The documents are Company’s PAN Card, TAN CARD, Digital signatures of the Directors, Memorandum of Association, Articles of Association and Certificate of Incorporation.
Why digital signature required?
Ans: Digital signature is required to file the forms for company formation.
Who requires digital signature?
Ans: Digital signature is required for every person subscribing for shares in memorandum and articles of association.
What is memorandum of association?
Ans: The memorandum of association shall contain the object of the company. The business which the company is going to undertake.
What is article of association?
Ans: The article of association shall contain the rules and regulations of the company.tion and Certificate of Incorporation.
What is subscribed capital?
Ans: Subscribed capital is the amount which the members have to deposit in the Company’s Bank account after the incorporation of the company. There is no minimum limit.
How is DIN obtained?
Ans: The DIN will be generated automatically at the time of incorporation.
What is DIN?
Ans: DIN is the Director Identification Number which is to be obtained by every person who wants to become director.
REGISTRATION PROCESS
1) Name Confirmation
First case of One Person Company is to apply ROC Name of Company for Confirmation By Form Spice+ A, we get approval usually within 1-2 working days.
2) DSC Application
After the Name reservation we require to create a Digital Signature for the Filing of Incorporation forms. Before filing forms we require to affix DSC of Applicant and Professional.
3) Incorporation Form
Once Name is confirmed and DSCs are ready we can file addition form of Incorporation i.e Spice+ B, with all information and require papers. In the latest form we can apply for ESI and PT certificate also.
How we help with One Person Company (OPC)
TruFilings can easily register One Person Company within 10-12 working days.