One Person Company

Rs. 6999. All Inclusive (may vary from city to city)

One Person Company (OPC) in India was introduced to give a boost to entrepreneurs to start their own venture by allowing them to create a single person company. 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. Only Indian citizen or resident of India can form or incorporate a OPC.

Our Package Includes

DIN of the Director, DSC of the Director, Name Search & Approval, MOA/AOA, ROC Fees Payments, Company Pan Card, GST Registration

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Why One Person Company ?

Limited Liability Protection to Directors personal assets

Startups need to borrow money and take things on credit. In case of proprietorship firms, Proprietor’s personal savings and property would be at risk incase business is not able to repay its loans. In a one person private limited company in case of loss, only investment in business is lost, personal assets of the directors are safe.

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.

Easy to raise funds and loans

Public Limited Company can get listed in stock exchanges in India as well as outside India and raise capital from stock market. Public Limited Company also enjoys wide options to raise funds through bank loans, general public and Institutional investors.

Helps for Testing of Business Model and Enables Funding

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, when required.

Complete Control of the Company with a Single Owne

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 Manage and Freedom from Compliances

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.

Easy to Sell OPC

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

Minimum requirement for Company Registration

1. One Shareholder
2. One Director
3. Minimum Share Capital
4. DIN for Director
5. Proposed Director should be an Indian Resident

Documents Required For Company Registration

1. Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
2. Scanned copy of Voter’s ID/Passport/Driver’s License
3. Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
4. Scanned passport-sized photograph Specimen signature (blank document with signature)

*Your registered office need not be a commercial space, it can be your residence, too

Compliances after incorporation of One Person Company

• Appointment of statutory auditor
• Holding Board Meetings (BM)
• Filing of financial statements
• Filing of annual return

Registration Process

* subject to receipt of all documents/information and government approval

1 Working Day

DIGITAL SIGNATURE CERTIFICATE (DSC)

DSC is an electronic online signature issued by licensed certifying authorities. Proposed directors of the company are required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents.

1 Working Days

DIRECTOR IDENTIFICATION NUMBER (DIN)

DIN is a unique eight-digit identification number which is a mandatory requirement for proposed director of the company to maintain the director's information in a database. MCA allots a DIN to the director of the company with a lifetime validity without which one cannot be a director.

3-5 working days

NAME APPROVAL

After DSC and DIN, the next step is name approval. A few names of your choices and we will file the requisite form with the MCA. We will conduct a prior search for your name availability. Out of six 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.

6-8 working days

INCORPORATION DOCUMENTS

On obtaining the name approval, we will assist you to incorporate company documents, i.e. Memorandum of Association and Articles of Association and file on your behalf with the 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.