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One Person Company (OPC) Registration in India

One Person Company (OPC) Registration in India

The concept of One Person Company was introduced in the Companies Act, 2013 with an intetion to provide limited liability to the individual enterpenuers with an innovative technology business ideas. One Person Private Limited Company will enjoy the same benefits of a normal Private Limited Company. An individual who does not have the co-founder to start his business venture may incorporate One Person Private Limited Company and enjoy the benefits available under Companies Act, 2013. An individual who wants test his business idea may start OPC Company and once the project is viable, he can approach the Venture Capitalists and get the investment into equity sharecapital and convert into a normal Private Limited Company. The regulative body for the Companies is The Registrar of Companies, Ministry of Corporate Affairs, Government of India and the governing law for the companies is Companies Act, 2013.

If you are one person and have a long term growth and expansion plans, then the One Person Company is the best option for you.

The OPC Company registration in India is entirely online. If you’re looking to make your company registered, then CompaniesHouse is the team for you. Register your OPC company online with us today and you’ll be on your way to operating a registered company under 15 working days.

Minimum Requirements for OPC Company Registration

Directors One Directors
Shareholders One Shareholders
Authorised Share Capital Rs.1
Paidup Share Capital Rs.1
  • One director and one nominee are rquired. The director and nominee must be the individuals. They should be majors. One Individual can register only one OPC. Now NRI or Foreign citizen can also register One Person Company in India provided he or she has to met the criteria of residential status in India (ie. He or She has to be there in India for a period of 120 days during the previsous year).
  • Authorised Share Capital is the amount up to which, you can invest in the company as share capital.
  • Paidup Share Capital is the amount up to which, you can deposit in the Company's Bank Account towards Share Capital.

Documents Required for OPC Company Registration

  • A

    Director & Nominee Documents

    1. Directors & NomineePAN
    2. Directors & Nominee ID Proofs
      Aadhaar Card or Voter ID or Passport or Driver's License
    3. Directors & Nominee Address Proofs:
      Latest one month Savings Bank statement or
      Latest Telephone Bill on his own name or
      Latest Moblie Bill on his name or
      Latest Power Bill on his own name.
    4. Directors latest passport size photograph
    5. Directors Email ids
    6. Directors Mobile Numbers linked with their Aadhar
    7. Incase of Foreign direcrtors, International Passport is mandatory
  • B

    Company Documents

    1. Registered Office Address Proof: Latest Power Bill
    2. No-objection letter from the Landlord.
    3. Rental Agreement from the landlord if the premises are rented.
    4. Company email id.

How to Register an OPC Company - OPC Company Registration Process

Now the One Person Private Limited Company can be registered simply in 3 Steps. Below is the 3 step OPC Company Registration process.
  • 1

    Digital Signature Certificate

    Through eMudhra - One Hour Job

    One Person Private Limited Company registratoin in India is entirely online. To register a Company, the Shareholder of the Company has to sign documents digitally using Class-III Digital Signature Certificate (DSC). We will apply Class-III DSCs through eMudhra or other Digital Signature Certificate provider Online. We will attest and submit your documents with eMudhra or other Digital Signature Certificate provider and get your DSCs approved and download the same for signing purpose. Apart from Shareholder, a practicing professional such as Company Secretary or Chartered Accountant has to mandatorily digitally sign and attest the documents to get your Company Incorporated. We also get this done with our associated CA/CS professionals.

  • 2

    Incorporation

    Through MCA Portal - 5 to 7 Days

    Once the DSCs are approved, we will then draft the By-Laws and Articles of the Company and prepare the Company Incorporation documents (ie. eSpice+ PartB, eSpice MOA, eSpice AOA, Form INC-3, Form DIR-2, Form INC-9, eAGILE Form, Director & Nominee KYC documents, NOC and other declarations as may be required) and once you give confirmation from your end to upload with the MCA, we will do that by paying requisite challan amount online.

  • 3

    Certificate of Registration

    Through eMail - 1 Day

    Once we upload and pay the incorporation challan amount to MCA, the Registrar of Companies will go through your application and after due scrutiny, approves the same and issues you the Certificate of Incorporation online through your registered email address.

What All You Get

Certificate of Incorporation (CIN) Memorandum of Association (MOA)
Articles of Association (AOA) Company PAN & TAN
Digital Signature Certificate (DSC) Director Identification Number (DIN)
GST Registration (GSTIN) MSME Registration (UDYAM)
PF Registration ESI Registration
PT Registration* Shops & Establishment Registration**
GST Software Share Certificates

* PT Registrataion is available in the states of Maharashtra and Karnataka only

** Shops & Establishment Registration is available in the sate of Delhi only

Bank Account, Other Licenses & Compliance:

Company Bank Account Opening:

Now, the Ministry of Corporate Affairs (MCA) is giving automatic Company Bank Account along with the Certificate of Incorporation in any one of the following banks (ie. Punjab National Bank, ICICI Bank, Kotak Mahindra Bank, Bank of Baroda, HDFC Bank, State Bank of India, Union Bank of India, IndusInd Bank or Axis Bank). You have to select any one of the bank as listed and this is mandatory. If you do not wish to open bank accounts in eigther of these banks, you can open your bank account separately once you get the Certificate of Registration and other incorporation documents such as MOA, AOA and Company PAN. No amount is required to get the bank account opened in these banks. Once you get all documents, you can then submit KYC with the bank and deposit the Sharecapital amount.

Company PAN & TAN:

The Company PAN & TAN will also be generated simultaneously along with the Certificate of Incorporation. You are not required to apply for it separately. You will only get password protected ePAN & eTAN at the time of Company Incorporation and if you want physcal PAN & TAN, again you need to separately apply for it by paying the applicatiton fee at PAN application center or online. This ePAN & eTAN are sufficient to get other supporing licenses and run your business. The password to open ePAN is the date of registration and the PIN code of the Company Registered office for eTAN.

GST Registration:

Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees*:

Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees**.

* This limit is increased to Rs. 40 Lakhs w.e.f 1st April 2019 for all states except the State of Telangana. Special category states ie. Jammu and Kashmir, Ladakh and Assam also opted Rs.40 lakhs limit.

** This limit is increased to Rs. 20 Lakhs w.e.f 1st April 2019 for Special Category States.

We help registering your business under GST by making application online subsequent to the business formation. This GST Registration in India is online and subject to approval with the GST Officer. Normally, with in 4 to 5 days, you will get your GSTIN and some times it may be delayed due to various reasons.

Other Licenses:

Subsequent upon your Company Registration, you need to apply for certain other licenses such as (ie. MSME Registration, Import Export Code (IEC), Shops & Establishments Registration, Professional Tax Registration (PT), FSSAI License, Local Trade License etc. We help you get these licenses at an affordable cost.

Compaliance:

One your register your Company, you need to file certatain periodic documents with the Registrar of Companies, GST department, Income Tax Department and Other Statutory Department online by paying requisite fee. Apart from filing documents, you need to maintain certain records, registers and maintain books of accounts. You need to prepare the Company financials such as Profit & Loss Account, Balance Sheet, Shedules to Accounts, Notes to Accounts, Directors Report etc. You also need to prepare resolutions and minutes of meetings of the board of directors and members of the Company. Our team of experts will assist you in getting all these compliances done at an affordable cost.

Fund Raising & Tax Planning:

Our team of experienced Chartered Accountants & Company Secretaries will help you get funds to run your business by preparing project reports, business plans, term sheets & Share Purshase Agreements etc. We also help you pay less tax to the government through a proper tax planning.

Benefits of the One Persosn Private Limited Company Registration:

Limited Liability:

The liability of the member of the Company is limited. The Director or Shareholder is not personally liable for the debts of the Company. For example, when Company is in default of repayment of debt or loan, there is a protection to the personal assets of the Director or Shareholder. They can recover the loan amount only by selling the assets of the Company.

Control of Ownership:

In One Person Company, only one member is there and hence the control of the ownership is fully vested in the hands of the member. Infact, it is a one man show Company, whatever the decisions he or she takes thore are ultimate. He or she need not required to discuss with other shareholders as only one shareholder will be there in this Company.

Employee Attraction:

Talented employees show interest in Company type of businesses instead of Partnership or Proprietorship firm. Company can retain talented employees by issuing Employee Stock Options. Employees of reputed companies can get loans from Banks easily at less rate of interest.

Director Dual Role:

The Director of the Company can be the employee of the Company. He can give his own premises on rent/lease to Company and Collect rent from it, he can give loan to the Company and can take loan from Company, he can supply goods or services to the Company and get consideration for that.

Separate Entity:

The member of the Company may come and may go but Company may not go that means the members are different and the Company is different. Company can own assets on it own name and can sell. It can sue and can be sued in a court of law.

Easy Exit Option:

The member of the Company may easily exit the Company by simply signing a Share Transfer Form. In Listed Companies, the members may sell their shares through Stock Market easily. In Private Limited Companies, the ownership change is simply done through transfer of shares by signing the Share Tranfer forms.

CompaniesHouse - The MCA:

As an Official Company Registration Agent, we have built strong ties with the Ministry of Corporate Affairs, Govt of India since our own formation. Since we began, our goal has been to provide a seamless incorporation process that is quick and simple to use. Today, our company registration system is one of the most effective and efficient in India. In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered. We also keep our company formation pricing competitive, while always exploring innovative ways to provide value to our customers. We are pleased to be one of the most affordable ways to start a company in India.

We have the expertise to advise which is the correct corporate structure they need to put in place. Most customers come to us for help registering a company limited by shares. The limited company structure is popular as it allows profits to be distributed amongst the shareholders while at the same time protecting them through the limited liability aspect. Our team has well over 20-years of combined expertise forming companies and providing corporate and secretarial services that help thousands of our clients grow their businesses each year.

We are incredibly passionate about the quality of our service, and we are incredibly proud of our customer feedback, as shown by our excellent reviews and ratings. Time and time again, we are selected for the value and expertise that our team is known for. We have helped shape the industry by providing innovative business services and bundled packages that have evolved alongside the needs of our customers.

Our clients have access to free support from an expert team. We are always on standby to help. If you need assistance at any point before, during, and after the registration of your company, you will be able to reach us by telephone or email.

Why CompaniesHouse?

No Hidden Charges:

We believe in clear and transparent pricing. The price advertised is the price you pay. There are no additional costs to register your business.

Speedy Service:

In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered.

20 Years of Experience:

We are experts in our field, our team has over 20 years experience. Take the hassle out of setting up your business, rest assured that you are backed with the support you need to succeed.

Trusted Service:

Today our clients expect outstanding service. That's why we are so proud that 99% of our clients rate us "Great" and "Excellent" on Google.

Simplicity:

The whole process, from ordering to using your company registrtaion license, is made as simple and easy as possible to help you build your business.

Privacy & Security:

Customer privacy and security is paramount. We ensure your payment, company and personal information is protected at the highest level.

Now! Get a Free Counsultation for Your Case.

3-302, Satya The Hermitage. Sector-103, Gurugram, Haryana, 122006, India. +91 sushils.india@gmail.com Download Brochure
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