Online One Person Company Registration
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Online One Person Company (OPC) Registration
With the latest and tremendous changes in business and making business setup easy in India, One Person Company is a unique concept introduced by the Ministry of Corporate Affairs in order to encourage the small traders and entrepreneurs. One of the major advantages of an OPC is that there can be only one member in an OPC, where in case of Private Limited Company or a Limited Liability Partnership minimum two persons are required. Similarly as in case of a company, a natural person, who is a citizen of India, shall be eligible for registering a One Person Company, with the requisite that the person should be resident of India. One Person Company is defined in the Companies Act 2013 as a Company which has only one member. A single shareholder holds 100 percent shareholding. One person can form a company without any additional shareholder, and if the member is willing to add shareholders, all he needs to do some procedural compliances to convert OPC in to a regular private limited company and file it before MCA.
Minimum requirement for starting One Person Company
- Minimum One Person
- Minimum Capital shall be ₹100,000
- DIN for person who is proposed to be owner of Company
- Digital Signature (DSC) for one person
- Consent From the owner & nominee
- Proof of Registered Address (like light bill / Rent agreement etc.)
- NOC from the owner of premises
Advantages of One person company Registration
Documents Required For One Person Company Registration
ID PROOF (DIRECTORS DETAILS)
- PAN card copy with Self attestation.
- Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation
- Latest passport size photo in jpg.
- Email ID , Cell No. and qualification details
REGISTER OFFICE DETAILS(IF RENTED)
- A copy of rental agreement or lease agreement is required.
- Copy of Latest Electricity bill or Property Tax receipt or Water Tax receipt.
- Copy of No Objection Certificate from the owner of the property (We shall share format)
REGISTER OFFICE DETAILS(IF OWNED)
- A copy of Sale Deed and Electricity bill is sufficient.
What We Offer in One Person Company Registration
FAQ- One Person Company Registration
An OPC is a good alternative to running a sole proprietorship, largely because it gives limited liability to the business owner. This means that your liability is limited to the amount you’ve invested in the business; business debts cannot be recovered from personal possessions. Also, a sole proprietorship ceases to exist on the death of its promoter. In the case of an OPC, the nominee director takes over and the entity continues to exist. Single entrepreneurs who do not have another partner to start a private limited company may also consider it.
An OPC has certain limitations. The person starting the business is its only director and shareholder. There is also a nominee director, but this person has no power whatsoever for raising equity funds or offer employee stock options. The nominee exists only to take over in case of the death or incapacitation of the director. The nominee is chosen by the director, and can be anyone, such as your spouse, parents or siblings. The nominee will need to provide identity proof during registration
All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.
Only Indian residents can register an OPCs, and that, too, only one at a time, as per the specifications of the Ministry of Corporate Affairs.
Taxprocs & CO. can help in OPC registration on fast track mode with dedicated team. It takes appx. 7-15 working days for registration.
Yes. Residential address can be used for OPC registration. Most of start-ups uses same and changes later on.
No. The process followed by us for OPC registration is complete online. You just need to send scaned documents over email.