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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.Â
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.
If you are an individual with ambitions for long-term growth and expansion, One Person Company Registration is your best option.
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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:
| Directors | One Director |
| Shareholders | One Shareholders |
| Nominee | One Nominee |
| Authorised Share Capital | Rs.1 |
| Paidup Share Capital | Rs.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.
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.
How to Register a One Person Company
The three-step One Person Company Company Registration process is outlined here.
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
Different Registrations
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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