One Person Company Registration

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Know More About One Person Company Registration

The Companies Act of 2013 created the concept of One Person Company Registration to provide limited liability to individual entrepreneurs with innovative technological business concepts. 

A One Person Company  will enjoy the same advantages as a standard Limited Liability Company. A person who lacks a co-founder to launch a firm can form a One-Person Limited Liability Company and benefit from the provisions of the Companies Act of 2013. Someone who wants to test his business idea may establish a One Person Company.

Once he determines that the initiative is viable, he can approach venture capitalists for investment in equity share capital and convert the company into a standard Private Limited Company. The Registrar of Companies governs companies, the Ministry of Corporate Affairs, Government of India, and the governing law is the Companies Act of 2013.

One-Person-Company-Registration

If you are an individual with ambitions for long-term growth and expansion, One Person Company Registration is your best option.

 

One Person Company registration in India is conducted exclusively online. If you want to register your business, Business Setup in India is the team for you. Register your OPC company with us online today, and you’ll be operating a registered company within 10 business days.

Minimum Requirements to register a One Person Company:

DirectorsOne Director
ShareholdersOne Shareholders
NomineeOne Nominee
Authorised Share CapitalRs.1
Paidup Share CapitalRs.1
  • Required one director and one nominee. Individuals must serve as directors and nominees, and they need to be majors. Individuals can only register one OPC. Now, an NRI or foreign national can form a One-Person Company in India if they meet the residency requirements (i.e., They have to be there in India for a period of 120 days during the previous year).
  • Authorized Share Capital is the maximum share capital that can be invested in a firm.
  • Paid-up Share Capital is the maximum amount of Share Capital that can be deposited into the company's bank account.
Directors Documents
    1. Directors PAN
    2. Directors ID Proofs
      Aadhaar Card or Voter ID or Passport or Driver's License
    3. Directors 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
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.

One Person Company Registration Benefits:

Limited Liability:

The member of the company has limited liability. The Director or Shareholder is not personally responsible for the company’s debts. For instance, when a company defaults on the repayment of a debt or loan, the personal assets of the Director or Shareholder are protected. They can only recover the loan amount by selling the company’s assets.

Control of Ownership:

Since only one member in a Person Company exists, the individual has complete control over the company’s ownership. It is a one-person company, and whatever decisions they make are final. As there would be just one shareholder in this company, they are not needed to consult with other shareholders.

Employee Attraction:

Attracting Talented People Talented employees prefer Company organizations over Partnership or Sole Proprietorship. By offering Employee Stock Options, a company can retain talented workers. Employees of reputable companies can readily obtain low-interest loans from banks.

Director Dual Role:

The Director may also be an employee. He can rent or lease his property to the company and collect rent, grant the company a loan and receive a loan from the company, and provide the company with goods or services in exchange for payment.

Separate Entity:

Members of the Company may come and go, but the company itself cannot, indicating that the members and the company are distinct entities. A company can own and sell assets in its name, sue, and be sued in a court of law.

Easy Exit Option:

The member of the company can quickly leave by signing a Share Transfer Form. Members of Listed Companies can readily sell their shares on the Stock Market. For Private Limited Companies, a change in ownership is accomplished by transferring shares and completing Share Transfer papers.

Register your Company with us for less! Start here & Save! Contact Now!

Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!

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How to Register a One Person Company

The three-step One Person Company Company Registration process is outlined here.

Through eMudhra - One Hour Job
Digital Signature Certificates

We shall apply for Class-III DSCs online using the eMudhra Portal. The OTPs will be created on your Aadhaar-enabled mobile numbers, we will submit the identical OTPs, and the system will send you a link to the video recording by SMS and email. The eMudhra team will approve the DSC following the submission of your video recording. Then, we will retrieve the DSCs from ePass Tokens and utilize them to sign incorporation documents.

Through MCA Portal - 5 to 7 Days
Incorporation

We will prepare the documents you provide in the order, i.e., PAN, ID Proof, and Address Proof, as a single document. We will also prepare the Form DIR-2, Form INC-8, Verification under Rule 25 of the Companies Incorporation Rules 2014, draft the main objects of the company, and prepare the eSprice+ Form, eMOA, eAOA, and eAGILE+ Form and upload them to the MCA portal upon payment of the required fee.

Through eMail - 1 Day
Certificate of Registration

After review, the MCA officers will approve the application and email you the Certificate of Incorporation. MCA will also send you DIN approval letters via email, and NSDL will send ePAN and eTAN to you via email. Additionally, your company's PF and ESI registration numbers will be automatically generated alongside your Zero Balance Company Current Account. We will also email you the MOA, AOA, and other documents.

What All You Get
  • Certificate of Incorporation
  • Articles of Association
  • GST Registration
  • Import Export Code
  • Digital Signature Certificates
  • Company PAN
  • MSME Registration
  • Commencement of Business
  • Director Identification Numbers
  • Company TAN
  • PF Registration
  • Company Resolutions
  • Memorandum of Association
  • Company Bank Account
  • ESI Registration
  • Company Agreements

Why Business Setup in India?

Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.

We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.

We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.

Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.

No Hidden Charges

We believe in transparent and straightforward pricing. The price displayed is the price paid. There are no additional fees associated with business registration.

Rapid Service

You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days.

20 Years of Expertise

Our staff has over 2 decades of experience, making us specialists in our industry. Take the stress out of establishing your business, and rest easy knowing you have the assistance you need to thrive.

Reliable Service

Today, our customers expect exceptional service. Because of this, we are very pleased that 99 percent of our customers have rated us as "Great" or "Excellent" on Google.

Simplicity

The entire procedure, from ordering to utilizing your company registration license, is designed to be as simple and direct as possible to aid in the growth of your firm.

Privacy and Protection

Customer confidentiality and safety come first. We safeguard your financial, business, and personal information to the utmost degree.

What Comes Next Following One Person Company Registration?

Congratulations on the Registration of your OPC Company! Most entrepreneurs do not know what to do once the OPC Company has been registered. The other mandatory registrations and statutory compliance requirements of an OPC Company are listed below.

OPC Company Conformity

Appointment of First Auditor Within 30 Days

You must appoint a First Auditor of the Company within 30 days of the date of incorporation and file Form ADT-1 with the MCA within 15 days of the appointment, or a maximum penalty of Rs. 3,900/- will be payable.

Business Commencing Within 180 Days

You must file Form INC-20A with the MCA declaring the deposit of Share Capital amount within 180 days of Incorporation; otherwise, the MCA will strike off your company. A few banks also require you to submit this form, failing which they will not activate your Company's Current Account.

Chairman KYC On or before April 30

Every director who has been issued a DIN by the end of the financial year and whose DIN status is "Approved" must submit form DIR-3 KYC by the 30th of April of the following fiscal year. Failure to file costs Rs. 5,000 per director, and the MCA will deactivate their DIN.

Board Meetings

Every company is required to conduct a meeting of its Board of Directors once per quarter.

Annual Report Within 180 Days of the End of the Fiscal Year

Each OPC Company must file its Annual Report on Form AOC-4 with the MCA within 180 days of the end of its fiscal year.

Annual Return Within 60 Days of Six Months from the end of the Fiscal Year

Every OPC Company must submit its Annual Return on Form MGT-7 within 60 days of the end of its fiscal year.

Form 1040 Return

Every company must file its annual Income Tax Return on Form ITR-6 by the 30th of September.

TDS Return

Every company required to file TDS returns must do so within 31 days of the end of each quarter to avoid incurring penalties.

PT Return

Every company must file its Monthly PT Return on or before the 15th day of the following month to avoid incurring penalties.

GST Returns within 20 days of the quarter's end

Any company required to file GST returns using QRMS must do so by the deadline or face penalties.

Different Registrations

Registration for GST

If you are a taxable dealer in the sale of Goods or the provision of Services, you must register for GST.

Import Export Code (IEC) registration is required if you deal in importing or exporting goods or services.

FSSAI Registration

You must apply for a Food License from the Food Safety and Standards Authority of India if your business specializes in Food, Catering, Hotels, or Restaurants.

IPR Registration

Suppose you wish to protect your business name, brand, literary work, or invention. In that case, you must file an application for Trade Mark, Copyright, and Patent with the Indian department of Intellectual Properties.

Business Tax Registration

Companies registered in India must pay a professional tax, which is not mandatory in every state; only 17 states require it.

Stores & Businesses Registration

Shops and establishments are required to register with the relevant state labor department.

MSME Registration

Registration is required to receive the benefits of The Ministry of Micro, Small, and Medium-Sized Enterprises Act.

Local Trade License

The new business must apply for a local business license from the local municipality or municipal corporation.

DOT License

DOT License As a mandatory requirement, BPO companies must obtain a DOT license from the Department of Telecom, and this License is available only to Private Limited Companies.

Mining Permit

The company engaged in mining must obtain a Mining License, which is a requirement for all Mining Companies.

PF Registration

If your company is subject to the PF Act, you must obtain PF Registration. Now that MCA provides PF Registration along with Incorporation, you are no longer required to submit a separate application; however, you must enroll employees once the threshold limit is exceeded.

ESI Registration

If your company is subject to the ESI Act, you must obtain ESI Registration. Now that the MCA provides ESI Registration and Incorporation, you are no longer required to apply separately; however, you must enroll employees once the threshold limit is exceeded.

PASARA License

You must obtain a license under the Private Security Agency Regulation Act if your business provides security guards. This application must be submitted to the respective state's Department of Homeland Security.

ISI Mark

If your company manufactures electrical equipment, you must acquire an ISI Mark.

Drug License

If your company manufactures and distributes pharmaceuticals, you must obtain a Drug License from the office of the state's Drug Controller.

Let's Deal With Your Confusions

DIN is the abbreviation for Director Identification Number. Following the incorporation of the Company, every director will be assigned a unique Director Identification Number. With this DIN, he or she can register an unlimited number of businesses.

A DIN holder is required to submit his KYC to the MCA annually by the 30th of September or face a penalty of Rs. 5,000/-.

DSC is an abbreviation for Digital Signature Certificate. Shareholders must possess a Class-III Digital Signature Certificate in order to register their organization.

There are various organizations that issue Class-III DSCs. These organizations are referred to as DSC Certifying Authorities. We have formed a partnership with eMudhra Tamil Nadu. eMudhra is one of India's most prominent Digital Signature Certifying Authorities.

Approved share capital is the maximum amount of capital that shareholders are permitted to invest in the Company. In actuality, this is the permitted investment limit for Equity Share Capital.

Paid-up share capital is the amount of money shareholders deposit into the Company's bank account towards share capital.

Now, a business can be registered with a minimum share capital of Rs. 2/-or investment of Rs. 1/- from each shareholder.

A CIN is an identification number assigned to a company by the Ministry of Corporate Affairs when they are issued the Certificate of Incorporation.

It might serve as the Company's identification number.

If we apply for direct incorporation without a Certificate of Name Availability, the process could take between three and five business days. Occasionally, it can be implemented in a single day.

However, it is recommended to apply for a company name before incorporation, which may take between 10 and 15 days.

Yes!

No, you cannot register a company on your own since Professionals such as a Company Secretary or a Chartered Accountant must digitally sign the application forms alongside a Director before your Company can be registered.

Now. For a two-person private limited company, the minimum share capital is Rs. 2/-, while for a one-person private limited business, the minimum share capital is Rs.

One!

Yes!

Yes, if they were required to stay in India for 120 days during the previous fiscal year.

In India, an individual can only incorporate one Person Company.

At Business Setup in India, we simplify the process of starting and running a successful business. Our expert team offers comprehensive services, from legal support to accounting and business advisory, tailored to meet the needs of entrepreneurs and companies.

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