One Person Company Registration

One person company registration starts at Rs. 3000 (Excl Govt Fees & Taxes)

The model of OPC was started by The Companies Act, 2013. It best suits entrepreneurs certain to operate their business themselves but wants the status of a private limited company. A one person company is a distinct legal body providing limited liability protection to its only shareholder while possessing continuous succession.

In case the turnover exceeds Rs.2 crores and if it has paid more than Rs.50 lakhs capital, within 6 months the OPC has to be converted into a private/public limited company.

An OPC can be registered in India by only one person. To incorporate a one person company you also need a nominee director, nominated in Memorandum of Association & Articles of Association. This person owns the OPC in case of the demise of the promoter. At the closing of every financial year, the OPC like other companies must file audited financial statements with the Ministry of Corporate Affairs. Incorporation of an OPC requires limited documentation and there is no mandate to conduct annual general meeting (AGM).

MyEfilings provide the most reasonable and competent services for a one person company registration.

Be the Only Shareholder and Operate Your Business Singularly with an OPC

While the Registration Part, Leave It for Us!

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Benefits of a One Person Company

A one person company on inception is recognized as an artificial judicial person. An OPC company is a distinct judicial entity. It can purchase its assets or borrow own funds as a distinct judicial body. The shareholders are accountable for the company’s debts only as far as the shares they own.

While incorporating a one person company, a nominee has to be designated by the promoter member. The nominee turns into a member and operates the business in the event of the demise of the member. Thus, a one person company receives the advantage of perpetual succession due to the presence of a nominee.

In a one person company you can easily transfer shares by submitting the signed share transfer forms along with the share certificates.

Being an artificial judicial person, a one person company has the power to buy property under its name and be the owner of the property.

A one person company enjoys the benefit of limited liability. This ensures that a member of an OPC company is liable only for the unpaid amount of shares he/she holds. In case the company defaults, the personal property of the member cannot be liquidated.

Since an OPC company is an artificial judicial entity, it has the power to initiate legal proceedings against another person, just like an individual. Further, it can start a legal proceeding against a company too.

An OPC company enjoys greater credibility amidst lending institutions and vendors as it has to get its books audited yearly.

One Person Company Registration Process

Select a Plan

Based on your needs, you can select any of our packages.

Applying for Name and Approval

In line with your business activity, you are to apply two different names with the MCA, in case of an OPC registration. Of those, one of the names will be approved. The free name search facility provided by the MCA portal is a good option for you to use. You can get a list of closely resembling names of present companies.

DSC Application

In a one person company registration, acquiring DSC (Digital Signature Certificate) to digitally sign e-forms is a pre-requisite.

Filling of Incorporation Form

The form for the Incorporation of a company is filed online.

One Person Company Incorporation Certificate

As evidence of your company formation, you will get a certificate of incorporation.

Ready to Work

Congratulations!!! You are ready to start your business as a one person company and take it to great heights of excellence!

Documentation Needed For Registration

  • 1. Self-attested copy of ID proof: (Passport/election card/driving license)
  • 2. Self-attested copy of Pan card and Aadhaar Card
  • 3. Self-attested copy of address proof (Bank statement/mobile bill/electricity bill/ telephone bill not older than 2 months)
  • 4. Rent agreement/agreement between the owner and the company (for rented premises)
  • 5. Utility Bill (Mobile bill/Electricity bill/telephone bill not older than 2 months)
  • 6. NOC signed by the owner (for rented premises)
  • 7. Duly signed DSC form.
  • 8. Consent letter signed by the director (DIR 2)
  • 9.Declaration signed by the director or subscriber (INC 9)

Post Incorporation Compliances

It is mandatory to maintain compliance under various regulations by all the LLPs registered in India.
Failure to adhere to the same may result in huge penalties and even disqualification of the designated partners.

Opening Bank Account

The first step is to open a current bank account in the name of the company.

Appointing the First Auditor

Appointing the First Auditor

Within 30 days of the incorporation of a company, the Board of Directors should appoint an auditor.

Filing the Commencement of Business

Filing the Commencement of Business

You must file the Commencement of Business i.e. form INC 20A within 180 days from the date of the company’s incorporation. This indicates that your company needs to deposit the amount of share capital in the bank.

Issue and Allotment of the Share Cerificate

Issue and Allotment of the Share Cerificate

The timeframe for any company to allot share is within 60 days from the receipt of the application money. Also, within 2 months of the incorporation of the company, you have to issue the share certificates for which paying the stamp duty is mandatory.

Annual Compliance

Annual Compliance

Every year, companies are required to file their annual accounts and returns along with the income tax and ROC. MyEfilings will help you register as well as get your compliances done at an affordable cost.

Statutory Registers and Records.

Statutory Registers and Records.

The specific records about a company and shareholders, directors, and the meetings held are mentioned in a statutory register. The companies are also meant to keep these records along with the normal accounting records.

Choose Your Plan

Basic

3000 Excluding Government Fees & Taxes
  • 1 DSC
  • 1 DIN
  • Company Name Approval
  • Drafting & Filing of MOA-AOA
  • Company PAN & TAN

Standard

3750 Excluding Government Fees & Taxes
  • 1 DSC
  • 1 DIN
  • Company Name Approval
  • Drafting & Filing of MOA-AOA
  • Company PAN & TAN
  • GST registration

Premium

7000 Excluding Government Fees & Taxes
  • 1 DSC
  • 1 DIN
  • Company Name Approval
  • Drafting & Filing of MOA-AOA
  • GST Registration
  • GST returns for the first 3 months
  • Free MSME registration

FAQ'S

A natural person born in India and residing in India:
a)Is eligible to start an OPC company
b) Is eligible to be a nominee for the only member of an OPC Company

An individual can be a member of only one OPC.

An OPC company can be set up for any legal purpose. However, an OPC does not have the freedom to be involved in activities that are “Non-Banking Financial Investments” including investment in securities of any other body corporate.

According to the Companies (Incorporation) Rules 2014, an OPC can willingly change to any other form of a company except section 8 companies with charitable objects but it must have completed more than two years since inception.

No, as per the Act the nominee has to be an Indian resident citizen only.

You can convert an OPC company into a Public Limited Company, however you cannot convert a Public Limited  Company into an OPC.

An OPC requires at least one person (the member) as a director and it can have a maximum of fifteen directors. However an OPC can appoint more than 15 directors after passing of a special resolution.

You can change your company’s nominee by providing proper intimation and filing the required forms with the registrar of companies.

You can start an OPC with any amount of paid-up capital.