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One Person Company Registration

One-person company is an excellent model for solo entrepreneurs who are looking beyond the prospects provided by a sole proprietorship.

YOU CAN NOW REGISTER YOUR COMPANY @ JUST Rs 6,999 (ALL INCLUSIVE)*
* Offer valid for a limited time period only.

  • One DSC & DIN

    The director must be registered with the MCA

  • Name Reservation

    We will guide you in selecting a unique name.

  • MoA & AoA

    WThe constitution of your company will be drafted by us.

  • SPICe i.e. INC-32 Approval

    Your company is now incorporated

  • Company PAN & TAN

    A request will be sent by us to the NSDL.



All You Need to Know About Starting a Company



What is One Person Company (OPC) Registration?

One-person company is an excellent model for solo entrepreneurs who are looking beyond the prospects provided by a sole proprietorship.

It provides full control of the company to a solo promoter and also limits his/her liabilities contribution to the business. This solo promoter will be the only director and shareholder. A nominee director is also there but he does not have any power until the presence of the original director. It does not have any chances of raising equity funding or offering stock options to employees. If an OPC maintains an average turnover of over Rs. 2 crores for 3 years or has a paid-up capital of over Rs. 50 lakhs, it need to be registered as private limited company or public limited company within six months.



Documents Required for OPC Registration

TO BE SUBMITTED BY DIRECTOR

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter's ID/Passport/Driver's License
  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Scanned passport-sized photograph
  • Specimen signature (blank document with signature)

Note: The director must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).


FOR THE REGISTERED OFFICE

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Scanned copy of No-objection Certificate from property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence also



Advantages of OPC Registration


OPC Registration

Limits Director's Liability

On growing businesses need to lend money frequently. Proprietor has the personal liability for all this debt in the Sole Proprietorship. So, in case of non-payment of debt by the business, the Proprietor made to pay this debt by selling his personal assets. In an OPC, personal assets of the proprietor are safe and only the amount invested in starting the business will be lost under any circumstances.


ClickNTax

Continuous Existence

In a Sole Proprietorship, the business would come to an end after the death of his promoter. Whereas, an OPC has a separate legal identity and it will be passed on to the nominee director and hence, its existence will be continued.


OPC Registration Online

Fewer Compliances

Annual filings are reduced to a great extent because an OPC can have only one director and a shareholder. Work related to share certificates and the statutory registers is also reduced.



Testimonials

“I've been availing the services of ClickNTax for my companies for more than a year and will be continuing to do so in the near future. The reason is obvious… it’s their super quick and efficient customer support. To name a few, Sachin, Yaseen, Sonakshi and the list goes on. Highly recommended!”

client-1

Ankit Mishra

K-Tech Engineers (India) Pvt.Ltd.

“One of the best online place for all your legal services. I used them for setting up a company, GST registration and filing, IT filing and for legal notices. They clear all the queries very patiently and make all the processes quite easy. But the best part is they charge very less cost compared to other online services.”

client-2

Shubham

Indian Courier Express

“Very Professional. Co-operative. ClickNTax helped us to take informed decisions throughout the process. All done conveniently. Follow ups were quick. Thank you ClickNTax. :)”

client-1

Arun Gupta

GuideSkill


One Person Company Registration Process

  • The director needs to apply for the Digital Signature Certificate (DSC) which is required to file the company registration documents. For doing this, you have to provide a few scanned documents and details. Our representatives will fill the form for you online.
  • After applying for the DSC, you will be asked to pick a name for your company and send us some scanned documents related to it. SPICe i.e. INC-32, the Memorandum of Association (MoA) and Articles of Association (AoA) will be filed with help of provided documents. If everything is in order, the Certificate of Incorporation will be approved to you.
  • A registered Permanent Account Number (PAN) and Tax Account Number (TAN) are required by each company. We will fill out the application online for you. The PAN and TAN will be sent to your registered office address within 21 working days.


FAQs on One Person Company

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.

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.

All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.

There is no difference in capital requirement between an OPC and a private limited company. It needs an authorised capital of Rs. 1 lakh to begin with, but none of this actually needs to be paid-up. This means that you don’t really need to invest any money into the business.

No general advantages; though some industry-specific advantages are available. Tax is to be paid at flat rate of 30% on profits, Dividend Distribution Tax applies, as does Minimum Alternate Tax.

The MCA is skeptical about a single person in charge of a large corporation. Therefore, it requires all OPCs to be converted into private limited or public limited companies on crossing a certain revenue number. Currently, in case of an average turnover of Rs. 2 crore or more for the three consecutive years or a paid-up capital of over Rs. 50 lakh, the OPC must mandatorily be converted into an OPC.

The cost of an OPC is only marginally lower than that of a private limited company. You’ll be shelling out around Rs. 12,000 to incorporate, then paying around Rs. 15,000 a year in compliance fees and an auditor to inspect your books.

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.

No, an individual can form only one OPC at a time. This rule applies to the nominee in an OPC, too.

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