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ONE PERSON COMPANY

ONE PERSON COMPANY REGISTRATION WITHIN 15 DAYS

 

Fill Details & Get Quote in 1 Minute

WHY CHOOSE US

100 % PROVISIONAL TEAM

15 + YEARS EXPERIENCE

SAVE YOUR TIME & MONEY

MONEY BACK GUARANTEE

WHAT IS ONE PERSON COMPANY?

To encourage the small entrepreneurs the government introduced the concept of One Person Company in Companies Act, 2013. One Person Company in the newly introduced concept which provide features of both sole-proprietorship and a company form of business.

A single national person can constitute a Company, under the One Person Company; it means no need to search for another Director/member/partner to form a business entity as other Private Limited/Public Limited/Limited Liability Partnership is required to do as per the legal requirement under the law. One most important feature of OPC is that the risk is reduced to the extent of the value of shares held by such person in the company.

Also in this type of entity you are not required to share your business idea no need to share your business profit as you are the member you are the only Director of your own Company “no one owes your own formed entity” and hence, it is very important to discuss your business plan with team of COMPLIANCESBIZ before registering a new type of entity in India.

WHAT IS INCLUDED IN OUR ONE PERSON COMPANY REGISTRATION PACKAGE?

1 ) COMPANY NAME SEARCH & APPROVAL
2 ) DSC OF ONE DIRECTOR
3 ) DIN OF ONE DIRECTOR
4 ) MOA/AOA
5 ) ROC REGISTRATION FEES
6 ) INCORPORATION CERTIFICATE
7 ) COMPANY PAN/ TAN
8 ) NEW INCORPORATION KIT
9 ) BANK ACCOUNT OPENING SUPPORTING KIT

PROCEDURE FOR ONE PERSON COMPANY REGISTRATION

1

BIZ TEAM WILL APPLY FOR YOUR NAME THROUGH RUN

2

BIZ TEAM WILL PREPARE YOUR DOCUMENTATION AND DSC

3

Biz team will prepare e-spice forms for filling with MCA

4

Once the forms are prepared our Biz team will file the forms online on MCA Portal

5

Congratulation Get you Company Incorporation Certificate/Kit

DOCUMENTS REQUIRED FOR ONE PERSON COMPANY REGISTRATION

PAN Card of Director & Nominee (Self attested)
Proof of Identity of Director & Nominee – Voter Identity Card/Passport/Driving License/Aadhar Card (Self attested)
Residential Proof of Director & Nominee-Electricity Bill/ Telephone Bill/Mobile Bill/ Bank Statement,not older than 60 days (Self attested)
Passport Size coloured Photograph of Director & Nominee
Registered Office Address Proof: -Any of the utility bill (i.e. Electricity Bill/Gas Bill/Telephone Bill/Mobile Bill not older than 60 days) & No Objection Certificate
Registered Office Address Proof:-If Rented property then Rent agreement is required & No Objection Certificate

ADVANTAGES OF ONE PERSON COMPANY

1) PREPETUAL SUCCESSION

An OPC is a legal entity distinct from its owner having perpetual succession and having uninterrupted existence and will make it easier for entrepreneurs to raise capital for business. Sole Proprietorships come to an end with the death of the proprietor. As an OPC has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

 

2) Easy to maintain, register, run and manage

Few forms are required to be filled with ROC as compare to other entity. Requirement of holding annual general meeting, extra ordinary general meeting, board meetings are not applicable to OPC , so therefore it is easy to run and operate.

 

3) Ownership of the Company

The complete ownership of the Company in with the single person which leads to fast decision & execution and can appoint maximum of  15 directors without giving shares to them.

 

4) Attracts Funding.

An OPC can gets funds & financial helps from Banking and financial institutions more easily as compare to proprietary firms. So most of the entrepreneurs choose to convert itself into an OPC or register itself as an OPC. 

FREQUENTLY ASKED QUESTIONS

With COMPLIANCESBIZ you can register your company in maximum 7-8 working days. 

Resident in India means a person who has stayed in India for a period of not less than 182 days during the immediately preceding calendar year. 

Yes, but two years shall have been expired from the date of its incorporation of OPC or paid-up capital is increased to Rs. 50 Lakhs or its annual turnover during the relevant period exceeds two crores rupees.

Yes, One Person Company is cheaper to incorporate, run and operate rather than private limited company as there is no requirement to conduct board meetings, annual general meetings, exemption from yearly audit and many more. 

Memorandum of Association (MOA) is a legal document and constitution of the Company. It contains the fundamental conditions upon which the company is allowed to operate.

An article of Association (AOA) contains the rules, procedures, duties and responsibilities of its members, directors and its officers. It contains the framework for routine conduct of the business. The Articles of Association prescribes the bye-laws for the general management of the Company. 

No, you can start your own One Person Company with a Zero turnover once the company is incorporated there is no need to have turnover in your company.