One Person Company Registration

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Documents Required for One Person Company Registration

  • 1 Copy of Income Tax PAN (Permanent Account Number) of Main Director and Nominee Director.
  • 2 Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of of Main Director and Nominee Director
  • 3 Latest passport size Photographs of Main Director and Nominee Director
  • 4 Registered Office Address Proof - Electricity Bill along with Rent Agreement / ownership proof of proposed registered office.
  • 5 Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of 1 Promoter and 1 Nominee Director with Present address

Process Involved

Incorporation Documents
Apply for Digital Signatures
Apply for DIN
Incorporation Form SPICe
Incorporation Certificate
PAN and TAN

Package Includes

DSC-digital-signature-certificate
Digital Signature Certificate

DSC

DIN-director-identification-number
Director Identification Number

DIN

MOA-AOA-memorandum-and-articles-of-association-of-company
Memorandum
of association
/ Articles of association

MOA/AOA

Certificate-of-incorporation
Certificate of incorporation

COI

PAN-permanent-account-number
Permanent Account Number

PAN

tan-tds-tax-deduction-account
TaxDeduction & Collection Account No.

TAN

Compare Your Options

  • Private Limited
  • Start-ups and growing companies
  • Very easy to accommodate
  • Yes
  • Few benefits
  • Yes
  • High
  • Know more
  • Limited Liability Partnership
  • Professional services firms
  • Possible, but unlikely
  • Yes
  • Most efficient
  • Yes
  • Low
  • Know more
  • One Person Company
  • Sole promoters
  • Possible, but severely unlikely
  • Yes
  • Few benefits
  • Yes
  • High
  • Know more
  • Partnership Firm
  • Home businesses
  • Almost impossible
  • No
  • Minimal
  • No
  • Minimal
  • Know more
  • Sole Proprietorship
  • Small traders and manufacturers
  • Impossible
  • No
  • Minimal
  • No
  • Minimal
  • Know more

Important Information

Advantages Of One Person Company (OPC)

1. Separate Legal Entity

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

2. Uninterrupted Existance

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

3. Borrowing Capacity

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

4. Easy Transferability

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

5. Owning Property

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

6. Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

Compliances After Incorporation Of One Person Company (OPC)

1. Apply for Sales Tax / Service Tax Registration based on the nature of Business.
2. Filing Income Tax Return of Company on or Before 30th September every year.
3. To maintain proper Books of Accounts.
4. To Maintain Minutes Book and all statutory registers
5. To comply with SS-1 and SS-2
6. Get your account books Audited Every Year.
7. Filing of form MGT-7, Form AOC-4 every Year.
8. No intimation required to be given to ROC in case of First Auditors. Form ADT 1 to be filed within 15 days of 1st AGM of the Company


FAQS

1. Subscriber to memorandum is only 1 person. Directors can be more than 1 in number.
2. Member of OPC is not required to hold Annual General Meeting. Therefore, the financial statements in Form AOC-4 shall be filed with Registrar within 180 days from the closure of Financial Year.
3. OPC is required to do every compliance which a Private Company is required to do.
4. One Person can Open only 1 OPC and 1 Nominee Can become Nominee in Only 1 OPC.
5. Minimum Authorized Capital of OPC shall be 100,000 
6. Paidup Capital shall always be equal to Authorized Capital in case of OPC

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Who is eligible to act as member of an OPC

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A person can be member in how many OPC?

Can a OPC mandatory covered into Private Limited Company or Public Limited Company

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Can a foreign national form an One Person Company?

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Can a One Person Company engage in any form of business activities?

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What are legal formalities of Board Meeting and AGM?

What are the provisions regarding Financial Statements of an OPC?

What are requirements regarding Annual Returns & Auditor’s Report of an OPC?

What is the Penalty imposed on OPC for non-compliance of provisions of Companies Incorporation Rules, 2014

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