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*Above mentioned government fees is calculated on minimum capital of Rs 1,00,000.
Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh
In India, the concept of One Person Company (OPC) was presented to support the individual entrepreneurs through the introduction of the Companies Act, 2013. As the name suggests, only one member can incorporate One Person Company in India whose liability will be limited as that of private companies.
A single person was not able to start a Company; previously as at least two Directors and Members are required to establish a private company whereas in a Public Company, three Directors and seven members are required. But now as per Section 62 of the Company’s Act 2013, a company can be formed with just one Director and one member. It is another form of a private company. Register an OPC company in India with help of Company Vakil.
For registration of one person Company, one must have an in-depth knowledge of its features and facilities. For this, one can consult the services of Company Vakil. It offers services in company registration like registration of Pvt. Limited Company, LLP Registrations and OPC Registrations. Get a consultation for registration of one person company in India by arranging an appointment with Company Vakil..
Following are the requirements that are needed to be complied with for starting the One Person Company.
The chief advantage of One Person Company (OPC) is that there can only be one member to start an OPC. It is a separate legal unit proposing limited liability shied to the promoters as well it has continuity of business and easy to incorporate. Apart from enjoying a recognition and prestige as a separate legal entity, OPCs has following advantages:
Even if the One Person Company allows a single person to operate the company’s day to day activities, at the same time, it has several drawbacks as mentioned below. Everyone looking to incorporate One person Company must keep these limitations in mind before registration.
Company Vakil has really transparent and efficient system to register an OPC in a minimum time span. One can easily connect with any of the associates of Company Vakil through their website.
Obtain Digital signature certificate (DSC) - The first and the foremost step is to get the Digital Signature Certificate (DSC) of the proposed Director. It requires the following documents:
Following is the process that is followed to get the company registered as One Person Company:
Introduction of the concept of One Person Company has brought a revolution in the corporate sector of the country. While incorporating an OPC, one needs to get it registered to ensure the efficiency of the company. Following are the major reasons to register the One Person company in India:
All the Documents are required only in scanned form, you can attach the document in the form after payment or email it to us on [email protected] . Feel free to get in touch for any query.
Company Vakil have reliable services to introduce you to the all the major requirements and registration process of One Person Company.
Registered Office Proof
No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)
Latest Bank statement/ Utility bill in the name of director which should not be older then two months
ID Proof and Passport size photo
Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License and Latest passport size photograph
DSC (Digital Signature Certificate) & DIN (Director Identification Number)
PAN & TAN Number
MOA & AOA
DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company are required to apply for the digital signature (DSC), it is necessary for digitally signing the electronic incorporation documents.
Directors Identification number is a unique eight-digit number which is a mandatory requirement for all the directors of the company. Ministry of corporate affairs allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.
Once we obtain the DIN and DSC of the directors, a list of 1 to 6 proposed names of the company will be will be submitted to MCA for approval. We will conduct a prior search for your name availability through our unique search portal. We get your company name approved subject to availability and naming guidelines.
After the stage of Name Approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to you. During which, we will apply for PAN and TAN of your company.
We are India`s one stop tech legal registration platform aimed on making legal registrations efficient and affordable to end user, i.e. individuals, entrepreneurs or business owners.
Company Vakil with the help of technology and experts such as lawyers, Chartered accountants, company secretary makes registration error-free and seamless.
We provide variety of services such as Company registration, trademark registration, copyright, udhyog aadhar , GST registration, Import Export Code Registration, Trademark Renewal etc and Company Vakil highly specializes in OPC registration in India.
Legal Experts at your Fingertips – At Company Vakil all your queries are handled by experts at every stage, we have a team of lawyers, chartered accounts and company secretary to help you till your service is fulfilled
Money Back Guarantee – Company Vakil believes strongly in Customer satisfaction, and all our associates and professionals make sure you are provided with all the information required at every stage. Yet if you are not satisfied with the service provided we shall refund you the money.
Seamless Process – Through Company Vakil we try to make the process of registration as convenient and seamless as possible. With options like trademark and company search bar it is a breeze for a user to search the right name for their company.
Customer Redressal – We at Company Vakil give upmost importance to customer’s satisfaction, that said we have a customer redressal team setup that outranks every other legal portal in the country, with an option to chat with our CEO if our team fails to fulfill your query.
OPC i.e. One Person Company is a blend of both Sole Proprietorship and Private Limited Company and enjoy certain benefits of both types of organisation.
DSC is Considered as an Identity of a Director, its an Electronically Encrypted Signature unique to a particular person and has been made Mandatory by MCA for the Director of a Company.
Authorised Capital is the maximum Amount of Equity Share that can be Issued by a Pvt. Ltd. Co. and Paid UP Capital is the total amount of Shares issued to the Shareholders. Authorized Capital can be Raised anytime after Commencement of a Company to issue more Shares to the Shareholders.
OPC can be Incorporated with any amount of Capital but no Proof for the same is required during Incorporation Process, Stamp Duty i.e. Govt. Fees has to be paid on Shares issued i.e. Authorised Capital (minimum Shares have to be of Rs. 1,00,000).
The Address of the Registered office needs to be of India. It can be on an Industrial, Residential or Commercial Premises where Communication from MCA can be received.
Yes a Foreign National or an NRI can be a Director in an OPC but can’t be a share Holder in it.
For Incorporation of an OPC a Director and a Nominee is required. Director is the one who is the member that Leads, Promotes and Supervises the actions of an OPC but a Nominee is a member who shall on the Death or incapacitation of Promotor member become the member of the OPC.
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