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One Person Company

Introduction

One Person company, as the name suggests, it is owned and managed by a single person. As per the Companies Act, 2013 "One Person Company means a company which has only one member". The concept of One Person Company (OPC) in India was introduced to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity.

Forming an One Person Company will provide businessmen much flexibility in management, attains benefits and status like Private Limited Company, which means they will have limited liability, legal protection for business, access to credits, bank loans, access to markets etc., all in the name of separate legal entity.

Minimum Requirements For OPC Registration

  • Minimum 1 Shareholder.
  • Minimum 1 Nominee.
  • Minimum Authorized Share Capital to be Rs. 1 Lac.
  • Minimum 1 Directors.
  • Only Indian residents can be Shareholder & Nominee.
  • DIN (Director Identification Number) for all Directors.
  • The directors and shareholders can be same person.
  • Minimum 1 Director must be Indian Resident
  • DSC (Digital Signature Certificate) for 1 Promoters & 1 witness

    • Documents required for OPC INCORPORATION

  • Passport Size Photograph, PAN Card & Aadhar Card of Director / Shareholder.
  • Voter Identity card / Passport / Driving Licence of Director / Subscriber.
  • Copy of Electricity Bill / Bank Statement / Mobile Bill (Not older than 1 month) of Director / Subscriber.
  • Photograph.
  • Electricity / Telephone / Gas Bill (Business Place) (Not older than 1 month).
  • NOC From the Owner of The Property (Format will be provided by us).

    • Procedure for OPC INCORPORATION

    Step 1 Complete our OPC Form.

    Step 2 Obtain DSC and DIN for Director of OPC.

    Step 3 Approval of Name and submission of Forms.

    Step 4 Certificate of Registration/ Incorporation.

    What is included in our Package

  • DSC for 1 Director.
  • DIN for 1 Director.
  • Memorandum of Association(MOA) and Article of Association(AOA).
  • Registration of Company and Certificate of Incorporation.
  • PAN, TAN, PTRC, PTEC, PF and ESIC Registration of Company.

    • Procedure for Applying

  • Fill Information.
  • We'll love to know about your company in our eazy to fill forms.
  • Make Payment.
  • Select the product as per your need and proceed to payment.
  • Mail Documents.
  • Our Experts will assist you with any queries about documents.
  • Sit Back and Relax.
  • Our passionate team will process your application in fastest time.

    • FAQ's

    We can incorporate an OPC in 7-15 days. It depends on the government approvals. Although at ABC OutSource we make sure its as fast as possible by continuously following up with the authorities.

    The Extra fees that you may incur includes Stamp Duty charges and Authorised Capital Fee charges. From cost saving perspective it is advisable to keep the Authorised Capital less than 15 Lakhs.

    No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of OPC. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.

    There is no automatic applicability. Provident Fund (PF), GST law applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.

    This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.

    18 + years above age any person can become director in a company.

    No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year one man companies have to file very basic returns with ROC office.

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