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One Person Company Registration


Ideal for entrepreneur who have alone started a venture.

Starting At

Rs. 12,499 only(All Inclusive)

SAVE 50% COST!!!

(Takes 10-20 days)

Your details:

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

WHAT IS INCLUDED IN OUR PACKAGE?


DIN for 1 Director 

 Digital Signature For 1 Director

Name approval

 MOA/AOA

 ROC registration Fees

 Company Pan Card

PROCEDURE FOR OPC REGISTRATION?


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 registration will be verified by our experts.

Apply for the COI of OPC

We will apply for and obtain certificate of incorporation for OPC and then apply for TAN and PAN.

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?


Limited Liability

Separate Legal Entity

Uninterrupted Existence

Borrowing capacity

MINIMUM REQUIREMENTS FOR OPC REGISTRATION


 One Shareholder

One Director

One Nominee

WHAT IS A 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.

ELIGIBILITY FOR OPC REGISTRATION


Only a natural person who is a citizen of India and resident in India:

a) Is eligible to incorporate an OPC

b) Is eligible to be a nominee for the sole member of an OPC.

A Resident of India is a person who has stayed in India for at least 182 days in the preceding 1 year.

If an OPC exceeds a turnover of over Rs.2 crore or has a paid-up capital above Rs.50 lakhs, it must be turned into a private or public limited company within six months

STEPS FOR INCORPORATION OF OPC


Step 1. Obtain DSC and DIN:The proposed directors must obtain a Digital Signature Certificate(DSC) from 8 authorised DSC makers.

Step 2. Reservation of name:An application for the reservation of a suitable name must be made in Form No. INC-1.

Step 3. 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.

Step 4. 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.

Step 5. 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.

Step 6. 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.

Step 7. 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.

Step 8. Particulars of Subscriber: The sole member must file the particulars of subscription with the Registrar at the time of incorporation.

Step 9. Nomination by the sole member:

(1) 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.

Step 10. 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.

EXEMPTIONS FOR AN OPC


  • Sign on annual returns.
  • Hold Annual General Meetings and Board Meetings.
  • Sign on Financial Statements.
  • Option to dispense with the requirement of holding an AGM.
  • Power of Tribunal to call meetings of members.
  • Calling of extraordinary general meeting.
  • Notice of meeting.
  • Statement to be annexed to notice.
  • Quorum for meetings.
  • Chairman of meetings.
  • Proxies
  • Restriction on voting rights.
  • Voting by show of hands.
  • Voting through electronic means.
  • Demand for poll.
  • Postal ballot.
  • Circulation of members’ resolution.

CONCERNS RELATED TO OPC REGISTRATION


  • Minimum authorised share capital required for One Person Company having share capital is Rs.1,00,000/-.
  • Minimum and maximum number of members for One Person Company is one only.
  • The subscriber to the Memorandum must make the payment for the total amount of shares subscribed by him to the company upon incorporation.
  • It is a separate legal entity yet only one person is responsible for the workings of the company. A total contrast from what Sole Proprietorship offers.
  • There can be only one member at a time. However, one nominee is mandatory to be appointed. This member and nominee cannot be a minor.
  • An OPC can be limited by guarantee or limited by shares or unlimited company.
  • An OPC limited by shares must comply with following requirements:

Must have a minimum [paid up share capital of INR 1 Lac.

Shares will not be allowed to be transferred to anyone else.

An OPC is prohibited from giving any invitations to public to subscribe for the securities of the company.

  • No OPC can voluntarily convert into any other kind of company within two years from the date of incorporation of One Person Company, except when the threshold limit of paid up share capital, being fifty lakh rupees, is crossed or its average annual turnover during the relevant period exceeds two crore rupees.
  • An OPC cannot convert into a company registered under OPC.
  • An OPC is required to give a legal identity by specifying a particular name under which the activities of the company can be carried on. The words ‘One Person Company’ must be mentioned below the name of the company, wherever the name is affixed, used or engraved.
  • An OPC is subject to the same taxes as a Private Limited Company.
  • When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
  • An OPC must Inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.

FREQUENTLY ASKED QUESTIONS


One person

At least one nominee is required to start an OPC who can act as shareholder as well as director.
Any individual/organization can become the member of One person company including foreigners/NRI’s.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail.
There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.
You need to have a bank account with a minimum balance. This could be as little as Rs. 5000. You don’t need to invest any more capital to start the business.
A lot of people considering an OPC registration go with the private limited company structure because it is mandatory to convert an OPC to a private or public limited company if turnover is over Rs. 2 crore or paid up capital is over 50 Lakhs.
• An OPC limited by shares must comply with following requirements:
Must have a minimum [paid up share capital of INR 1 Lac.
Shares will not be allowed to be transferred to anyone else.
An OPC is prohibited from giving any invitations to public to subscribe for the securities of the company.
• When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
• An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.
An OPC is exempted from doing the following compliances: • Sign on annual returns. • Hold Annual General Meetings and Board Meetings. • Sign on Financial Statements. • Option to dispense with the requirement of holding an AGM. • Power of Tribunal to call meetings of members. • Calling of extraordinary general meeting. • Notice of meeting. • Statement to be annexed to notice. • Quorum for meetings. • Chairman of meetings. • Proxies. • Restriction on voting rights. • Voting by show of hands • Voting through electronic means. • Demand for poll. • Postal ballot. • Circulation of members’ resolution.
easeURbusiness provides OPC incorporation services across India in all cities. We have done OPC registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities
easeurbusiness.xyz is one of the best online service portals to help register OPC’s in India. We have 10 years of experience in application of OPC registration. easeURbusiness has 30+ regional offices in India and expand its network in India with 2000+ customers for OPC Company.