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One Person Company Registration

@4499/-

Get the One Person Company Registration in the most simplest and fastest way with us. Be your own Boss in just 5-6 working days.

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One Person Company Registration

In Companies’ Act 2013, a new concept with reference to the incorporation of a business entity has been introduced wherein if a single person wants to start a venture, it is possible. For incorporation of a Private Limited Company, a minimum of 2 Directors & 2 members/shareholders are required whereas, in a Public Limited Company registration, a minimum of 3 directors and 7 members are required. Thus, it was not possible for a single person to incorporate a company. With the introduction of One Person Company Registration in India, it is now possible.

Before the enforcement of Companies Act 2013, Sole Proprietorship was the only possible business structure that a single person can go with. But, sole proprietorship firm registration has its own demerits when it comes to compliance requirement. Thus, for a single person, One Person Company registration or OPC company registration online is the new best thing.

According to Section 2(62) of the Companies Act, 2013, an OPC Company Registration can be completed with only 1 Director and 1 member and the yearly compliance requirements are quite less when compared to other company structures like Private Limited Company Registration online or Public Limited Company Registration Online. OPC Company offers the Best of Both Worlds. It offers privileges of a Company structure along with the benefits of a Sole Proprietorship Firm.

The name of the company is incorporated as XYZ (OPC) Private Limited.

With Vakilgiri Legal Consultants, you can register One person company online within 7 working days with the lowest price for incorporation. Get started with your OPC company registration process now!!

Let us now look at some of the advantages and disadvantages of One Person Company Registration Online in India.

BENEFITS of One Person Company Registration

ADVANTAGES of OPC Company registration

STATUS

A separate legal entity means the company registration is treated as a separate entity from the directors and shareholders and thus continues to exist even after the changes in the management structure. An OPC company registration enjoys the status of a Separate Legal Entity.

Limited Liability

Limited Liability means the directors or shareholders are not personally liable for the losses incurred in the company. The liability of a member is limited to his/her shares only. Hence, the creditors can only sue the One Person Company not its member or director.

Fast OPC Company Registration Online

Since, an OPC Company registration process is 100% online and can be completed with only one director/member and one nominee, the incorporation time is quite less. The Minimum Authorized Capital required for the registration of One Person Company is Rs. 1 Lakh with no minimum paid-up capital requirement.

Few Annual Compliances

As per the Companies Act 2013, a one person company is exempted from certain compliances that are mandatory for other business structures. Cash Flow Statement is not required. Instead of Company Secretary, the director can sign the books of accounts and annual returns.

Easy Funds Availability

Since an OPC Company registration structure is similar to a Private Limited Company, hence it is quite easy to raise funds via Venture Capitals, Angel Investors, Incubators, etc. The Loans provided by the banks or any such financial institutions is preferred for a Company as compared to a sole proprietorship firm. Hence, it is easier to gather funds for a One Person Company registration online.

Smooth Management

Since there is an involvement of single decision taking authority in an OPC Company registration, the decision making process is quick, and the ordinary & special resolutions can be passed by his/her without taking consent from others. Hence, it is easier to run and manage an OPC company as only single person is involved thus eliminating any conflict and delay within the company.

Perpetual Succession

For One Person Company Registration online in India, a nominee is required apart from the Director/member. This provision was incorporated so that incase of any mishappening with the Director, the company can continue to run giving authority to the nominee. This ensures the perpetual or continual existence of an OPC Company.

DISADVANTAGES of One Person Company Registration

OPC COMPANY REGISTRATION IN INDIA

For Small Business

OPC business structure is best suited for small businesses. The expansion and growth of business depends on the number of effective members and the increase in capital. Since, the maximum number of members in an OPC Company is one, it is not possible to add shareholders and to raise the capital of the company.

Restrictions

A One Person Company registration is not eligible to carry out Non-Banking Financial Investment activities. An OPC company cannot be converted into Section 8 NGOs (having charitable objective) incorporated under Section 8 of Companies Act, 2013.

Ownership & Management

As per the act, the member and director can be same for a one person company registration online, which makes difference between ownership & management non-quantifiable. That single person incharge is responsible for the whole and sole decision for the company.

What's Next ?

Documents required for OPC Company Registration

This is all we need from you

If you want to start your own business under One Person Company Registration, then following list of documents are required for the OPC Company registration online:

Checklist for OPC Registration Process ONLINE

CRUCIAL FOR YOUR OPC COMPANY REGISTRATION

For the incorporation of One Person Company online, make sure to follow the checklist provided below to ensure smooth and fast OPC Company Registration Process online:

1) A minimum & maximum of 1 person.
2) 1 Nominee must be appointed before completing the one person company registration process.
3) Form INC-3 stating the consent of the nominee must be filed.
4) The name of the proposed OPC must be selected according to the provisions of the Companies Incorporation Rules, 2014. The format is XYZ (OPC) Private Limited.
5) Authorized Capital of Rs. 1 lakh (minimum).
6) Complete List of documents required for OPC Company Registration online (as mentioned above).

FAQ's

ONE PERSON COMPANY REGISTRATION PROCESS

It is important to note that the One Person Company Registration process is 100% online. Thus, your physical presence is not required during the incorporation.

The person must be a resident of India. Apart from that, a person who is already a member of one OPC is not eligible to get associated with another OPC Company.

Note: In terms of Company Registration, a person who has stayed in India for not less than 182 days in the preceding financial year is considered as a Resident of India.

As the name suggests, Only 1 person can be the sole Director & Shareholder in a One Person company. However, Nominee Director is also appointed within the company as a safeguard.

In terms of Tax Advantage, there is no specific relaxation for an OPC Company. The tax rate is flat 30% which is same as that of any other company structure. The MAT & DDT are also applicable in One Person Company.

You can expect an annual expenditure of around Rs.20000 which involves  3 important aspects: Accounting & Auditing, Annual Compliance & Misc. Compliance expenditure.

Check Company Name Availability

Our systems will check availability of your Company Name

ONE PERSON COMPANY REGISTRATION PROCESS

OPC COMPANY REGISTRATION PROCESS

Online registration of One Person Company can be a tricky task as there are several forms and rules associated with it. RELAX!! Vakilgiri Legal Consultants has got your back. Let our experts handle the one person company registration process online and get it done within 7 working days.
Let us now look at the steps involved in the OPC company registration process:

1. FORMATION OF DIGITAL SIGNature (DSC)

The first step towards OPC company registration process is the DSC registration (Digital Signature Certificate) of the proposed director. This process takes 1 day for completion.

20%

2. Filing Application for Director's DIN

The next step for one person company registration process is the allotment of Director Identification Number (DIN) which is a unique number of identity for Director of a company.

30%

3. Choosing Unique Name for your One Person Company

While applying for the DSC, our team of experts will help you choose a unique name for your OPC Company registration. The name must comply with the MCA norms i.e., XYZ (OPC) Private Limited.

40%

4. Preparing Forms and Appointing Nominee

After choosing your OPC Company name, we will now start with the documents and e-forms preparation mentioning the objectives & other information related to your company. We will then send these documents to you for cross-verification and signing from Director & the appointed nominee.

60%

5. Filing e-forms with MCA

Once the document verification is complete, our experts will file and submit these e-forms on the MCA portal and submit the OPC company registration fees. This can be considered as the final step for your one person company registration process and now we will wait for the approval of your OPC Company registration. The approval generally takes 2-3 working days.

80%

6. Allotment of COI, PAN & TAN

After getting the approval from the department, it will issue your company’s COI, PAN & TAN. Your OPC company registration details will now be visible on the MCA portal. After receiving the documents, you can now open your company’s bank account and start its operations.

CONGRATULATIONS for your dream One Person Company Registration Online!!

Yipee! Company Incorporated 100%

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Our Incredible Packages

Irresistible Pocket friendly Packages

GOLD

12999
4499/- (+ Govt Fees)
  • Registration within a week
  • Authorised Capital upto 15 lacs*
  • 1 DIN & 1 DSC
  • Certificate of Incorporation
  • MOA, AOA, PAN, TAN, ESIC
  • 200+ Document Formats
  • GST Registration*
  • Udyam Registration (MSME)
  • ISO Certification (1 Year)
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • Commencement Certificate
  • Trademark Registration
  • Auditor Appointment
  • ITRs of Company
  • Audit & Annual Compliances
Popular

PLATINUM

25999
15999/- (+ Govt Fees)
  • Registration within a week
  • Authorised Capital upto 15 lacs*
  • 1 DSC & 1 DIN
  • Certificate Of Incorporation
  • MOA, AOA, PAN, TAN, ESIC
  • 200+ Document Formats
  • GST Registration*
  • Udyam Registration (MSME)
  • ISO Certification (1 Year)
  • Professional Website
  • Website Support for 1 year
  • 1 year Domain & Hosting
  • Basic On-page SEO
  • Google Analytics & Web mails
  • Commencement Certificate
  • Trademark Registration
  • Auditor Appointment
  • ITRs of Company
  • Audit & Annual Compliances
ADVANCE

DIAMOND

44999
32999/- (+Govt Fees)
  • Registration within a week
  • Authorised Capital upto 15 lacs*
  • 2 DIN & 2 DSC
  • Certificate Of Incorporation
  • PAN, TAN, MOA, AOA, ESIC
  • 200+ Document Formats
  • GST Registration*
  • Udyam Registration (MSME)
  • ISO 9001:2015 Certification*
  • Professional Website
  • Website Support for 1 year
  • Google Analytics & Web mails
  • Trademark Registration
  • Commencement Certificate
  • Auditor Appointment
  • ITR of Company
  • Audit & Annual Compliances
PRO+

Testimonials

See what our client feels about us

Devansh Bhatt
Devansh Bhatt
UrbanTract India (P) Ltd
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Indeed great service providers for all our legal and accounting solutions. From Company registration to all its annual formalities and managing the taxes, Vakilgiri has served as perfect one stop solution for it.
Krishna Goyal
Krishna Goyal
HBLK Realtech (P) Ltd
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Excellent team for correct guidance and quick processing. Very genuine charges and convenient payment method. Best place for any Startup.
Shree Krishn
Shree Krishn
Vidhya Dron Gurukul Pvt. Ltd.
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Vakilgiri is boon for newcomers like me who do not know anything about Private Ltd. Whenever I stuck in something, their team is always ready to help.
Er. Mukul Garg
Er. Mukul Garg
Teach Advisors
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Vakilgiri is one of India’s top leading business consultancy firms. Great, fast and reliable business services at concessional rates. All the Best guys!!
Akash Kumar
Akash Kumar
Octanone Orange Technologies (P) Ltd.
Read More
Very professional organization to work with and get started with as company is totally focused with their work and they have done my private limited registration within 4 days on very competitive price than others.

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