One Person Company Registration

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One Person Company

Starting From ₹9,999*
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Overview - One Person Company

The concept of the One Person Company was created with the adoption of the Companies Act, 2013, to encourage small traders and entrepreneurs who have the potential to start their own firm and establish their own identity. One of the most appealing aspects of starting a One Person Company is that it only need one person to get started. An entrepreneur can be in charge of their own destiny.

The J.J Report established the One Person Company to empower entrepreneurs by allowing them to give shape to their ideas. The government of India has introduced the concept of OPC in response to advancements in the usage of information technology and expansion in the service industry.

Highlight
Easy incorporation

In terms of starting a business, a sole proprietorship is the most straightforward option.

Minimal cost

When compared to other types of businesses, the cost of forming a sole proprietorship is quite low.

Lesser compliances

There are fewer legal compliances in terms of incorporation, operation, and taxation as compared to other business formations.

Independent control

Because Sole Proprietor is the sole owner of his company, he has complete control over its activities.

Single Promoter

This is the only type of company that may be promoted by a single person.

No corporate tax liability

Unlike other business formations, sole proprietary entities are not subject to India’s direct tax regulations, which require them to pay a flat corporate profit tax.

Minimum Requirements to Incorporate a Company
Minimum Two Person

To function as the initial director/shareholders, register your firm with only one owner. A One Person Company can only be formed by an Indian citizen. For the single owner, a Nominee is also necessary.

Registered Address

For incorporation, the firm requires proof of registered address as well as a letter of authorization from the owner of the registered address. A registered address might be given instead of a residential address.

Capital Requirement

Invest as per the requirement of your business, and there is no minimum or maximum capital requirement as such prescribed in law. However, the govt fee for company registration is based on the capital.

Benefits of One Person Company(OPC)
LIMITED LIABILITY

Regardless of the business’s obligations, the directors’ personal property is always safe. Only the company’s investment is destroyed in OPC, but the directors’ personal assets are preserved.

EASY TO RAISE FUNDS AND LOANS

The Operating Partnership Corporation (OPC) is one of the simplest business organisations to manage. Only a small percentage of ROC filings are required to be filed with the Registrar of Companies.

FULL CONTROL OVER THE COMPANY

The information aids in quick decision-making and execution. Despite this, the OPC has the authority to appoint up to 15 directors to official positions without providing them with any compensation.

GREATER CREDIBILITY

An OPC must have its records audited at least once a year, and it has credibility with vendors and financing institutions.

EASY TO SELL OPC

Because of the minimal documentation required, OPC Company is easy to sell.

CONTINUOUS EXISTENCE

Because an OPC has its own legal identity and would pass on the nominee director, it would continue to exist.

Documents / Information Required

The documentation requirements for company registrations are straightforward and practical. Under MCA, you must have the following documents:

For Company

Documents of the Company's Director
  • PAN Card of directors
  • Aadhar Card of directors
  • Passport size Photo of directors
  • Address Proof ( Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).)
  • Proof of Identity (Driving License, Voter ID card, Passport (Anyone).)
Proof of the Company's Registered Office Address
  • NOC form landlord
  • Latest electricity OR any other utility bill in the name of the owner
  • Rent /Agreement (If Rented)
Steps & Procedures

Complete Roadmap of Process of One Person Company Registration.

1

Fill the above Form and make the payment

2

Our Tax expert will reach you soon after query

3

Submit or Upload The Required Documents

4

Will Create DSC & the DIN Number of Directors

5

MOA and
AOA Drafting & Submitted to the ROC

6

Congratulations! You've registered your company. Cert. will mailed
Frequently Asked Question

How long it will take to incorporate one person company?

Fintore India can form a one-person corporation in 7 to 15 days. The length of time it takes to incorporate will be determined by the client's submission of required paperwork and the speed with which government approvals are granted. Please choose a unique name for your business and make sure you have all of the necessary documentation before beginning the incorporation procedure.

Who is a nominee in a one person company?

A nominee is a person who, in the event of the subscriber of the One Person Company's death or disability, will take his place. The name of the person must be specified in the Memorandum of Association of a One Person Company.

What is Authorized capital fee?

A company's authorised capital is the maximum number of shares it can issue to its shareholders. To issue shares in a company, companies must pay the government an authorised capital fee. Companies must pay a minimum of Rs.1 lakh in permitted capital fee.

can OPC become a member of a another private limited company?

Yes, the Act has not made any restriction for a One Person Company to become a member of another Private Limited Company.

Do you provide services in kolkata ?

Yes, Fintore India is an online platform that serves all of India. No matter where you do business, all you need is an internet connection on your phone or computer, and we'll take care of the rest.

Do i need to physically present for the process ?

No, you do not need to be physically present for the process; Fintore India is an online catering platform; all you need is an internet connection on your phone/computer and the relevant paperwork, and we can do the task regardless of where you are in India.

Customers reviews

4.5/5
The team is so professional that they explained me the details and procedures that needs to start my business in a very ease language and Terms My business finance paper work is being handling by the Fintore teams.
Animesh
Ui/Ux Designer
Wonderful experience. From very starting to the end, they cordinated well. I have been struggling at filling my income tax returns but they guided me real well. Special thanks to Abubakar
Nisha Singh
Teacher
I'm impressed with their time-saving features. Thanks to Fintore and it's team for guiding and coordinating through out the process of GST registration. They are the best. Highly recommend.
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