Legal Munshi

One Person Company Registration

@ RS. 7,999/- ALL-INCLUSIVE FEE | NO HIDDEN CHARGES

Get your Company Registration within 15 Days of complete documentation. The package of Rs. 7,999/- Includes DSC & DIN for promoter, the Name Approval of the Company, Followup with the registrar of companies until Issuance of the Certificate of Incorporation, PAN & TAN registration, Bank Account Opening Support.

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One Person Company

Section 2(62) of Companies Act defines ‘One Person Company’ as “a company run by a single person who is acting as a shareholder and director at the same time”. One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. It is a type of sole proprietorship in the form of a company that gives complete authority to the single individual to run the business while limiting his liabilities and duties for the business.

OPC or One Person Company can be formed with a single individual who is the owner and director of the company.There can be more than 1 director, but not more than 1 shareholder. One Person Company Registration has lower compliance as compared to a Private Limited Company and is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).

Salient Features of One Person Company

  • • One Shareholder
  • • An Immediate Nominee
  • • One Director
  • • Fewer Compliances
  • • Separate Legal Entity
  • • Limited Liability

Who is eligible OPC Registration ?

Following are the mandatory requirements for One Person Comapny. Check the detailed documents list here

  • Individual who is Indian Citizen and resident in India(meaning a person who had resided in India for a period not lesser than 182 days in the prior calendar year) can incorporate OPC.
  • The minimum authorised capital is Rs 1,00,000.
  • A nominee must be appointed by the promoter during incorporation
  • OPC must be converted to a private limited company when paid-up share capital exceeds Rs.50 lakhs or turnover crosses Rs.2 crores
  • Legal entities like Company or LLP cannot incorporate a OPC.
  • Businesses involved in financial activities cannot be incorporated as a OPC.

Difference between OPC & PLC

  • • If the partnership in unregistered then the individual cannot claim setoff or other proceedings in a dispute with a third party.
  • • Partnership firm are registered with the Registrar of Firms which is Controlled by the respective State Government whereas LLPs are registered in India under the Ministry of Corporate Affairs, Central Government.
  • • Cost of LLP registration is higher than partnership registration.
You can check the comparison of the popular types of business entity (i.e. Partnership vs LLP) here.

Benefits of One Person Comapany

Limited Liability
Continuous Existence
Easy to Sell
Easy to raise funds
Greater Credibility
Full Control by Single Owner

Minimum Requirements For One Person Comapny Registration

Following are the mandatory requirements to start One Person Comapny. Check the detailed documents list here

  1. Unique Business Name

  2. One Nominee

  3. One Shareholder

  4. Partners Details

For further queries kindly refer our FAQ section

Documents Required For One Person Company Registration

For OPC registration you need to collect all the given below documents:

Individual Documents Other Business Document
Address Proof-Aadhaar card of the director and nominee (both) MOA and AOA Subscriber Sheet
Identity Proof-PAN card of the director and nominee (both) Questionnaire – Company Registration
Passport size photos of the director and nominee (both) Specimen signature
Copy of Property papers (If owned property) DSC and DIN Form
Electricity/ Water bill (Business Place) Declaration of Promoter-Non Deposit under FEMA and SEBI
Copy of Rent agreement (If rented property) INC9 & DIR2 Declaration of Promoter/ Director
NO Objection of owner or Landlord NOC Primary Phone Number and Email ID

For further queries kindly refer our FAQ section

Stages For OPC Registration through Legal Munshi

Img Stage 1.

Identity and Address Proof of Director and Nominee :

Arrange for one of each ID and address proof of each Director and Nominee. Check the document checklist here

Img Stage 2.

Place of Business Proof :

Arrange for place of business proof along with primary email and phone number for communication purposes. Check the document checklist here

Img Stage 3.

Name Selection :

Select the name of your OPC firm. Kindly keep in mind it should be unique.

Img Stage 4.

Obtain DSC and DIN :

Based on the documents shared our expert will file an application for DIN & Digital Signature Certificate(DSC).

Img Stage 5.

MOA & AOA :

Once the name is approved from MCA, you need to make MOA Memorandum of Association and Articles of Associate AOA.Our expert will file both MOA and AOA with MCA.

Img Stage 6.

Verification and Submission of the Documents :

Once we receive the signed copy of MOA and AOA along with all the required documents,we verify and submit it to the respective authorities. Once the registration is done we will inform you and provide the necessary documents.

Procedure for OPC Registration with Legal Munshi

Step 1 : Complete Our Simple Online form

You have to provide the details in the form.

Step 2 : Expert Guidance

Once you have provided the details, our expert will guide you with the all the documents required for OPC registration.

Step 3 : Registration

After submission and upon successful verification of all the required documents, one of our experts will do the OPC registration.

Step 4 : Congratulations!!!

Once the filing is done we will inform you and provide the necessary documents.

Mandatory Compliances for OPC

Following are the mandatory compliances for One Person Comapny.

Filing of ITR.

Minimum 2 board meetings as prescribed under the Act.

Appointment of Auditor.

Statutory audit by a chartered accountant.

Annual filings to the registrar of companies.

Maintaining Minutes and statutory registers.

Form AOC-4 for financial statement.

MGT-7 for an annual return.

Legal Munshi offers various packages to file your OPC annual compliances. Know more here

Penalty

If a One Person Company or an officer of such Company is not compliant with the specified regulations, the entity or the officer will incur penalties which could be as high as Rs 10,000. Further, the penalty will be increased by a fine of Rs 1,000 for each day of default.

SIMPLE PRICE

Basic

Rs. 10899/-

All inclusive Fees

One Person company registration with 2 DSC, 1 DIN, 1 RUN Name Approval, 1 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN and TAN. Inclusive of all government fee and taxes.

Standard

Rs. 15899/-

All inclusive Fees

One Person company registration with 2 DSC, 1 DIN, 1 RUN Name Approval, 10 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN, incorporation kit, share certificates and GST registration. Inclusive of all government fee and taxes.

Premium

Rs. 19899/-

All inclusive Fees

One Person company registration with 2 DSC, 1 DIN, 1 RUN Name Approval, 10 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN, incorporation kit, share certificates, GST registration, Udyog Aadhaar and Trademark Registration. Inclusive of all government fee and taxes.

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Legal Munshi is an online platform for connecting or referring professionals and do not claim to be a legal firm. We do not provide legal services ourselves. All the information on this website is for reference only and should not be considered as a legal opinion. The information on this website is for the purpose of reference,knowledge only and should not be relied upon as legal advice or opinion.

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