WHAT IS ONE PERSON COMPANY REGISTRATION?

With the introduction of the One Person Company in the Companies Act 2013, you can incorporate a Company with only one person. In case of Private Limited Companies, minimum two Directors and at least 2 members are required. Public Companies have a minimum requirement for 3 Directors and 7 members or more.

But as per Section 2(62) of the Company Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of company with lesser compliance requirements than that of a private company.

One person companies (OPC) are created with a single member, making them easy to register. With FINLAWCITY, you are able to convert your business from sole proprietorship to an OPC.

OPC REGISTRATION PROCESS IN INDIA

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STEP 1 : SELECT COMPANY NAME

The first step is to finalize a brand name and company legal name. Consult with a professional so you can make sure the company name is available on the Ministry of Corporate Affairs (MCA) website.

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STEP 2 : DIGITAL SIGNATURE CERTIFICATE (DSC)

All proposed directors of the Public Limited Company must have a digital signature that will be used to file the online company registration application. One can also use the same DSC for signing documents.

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STEP 3 : DIRECTOR IDENTIFICATION NUMBER (DIN)

Director Identification Number (DIN) is a unique Identification Number which is allotted to every person who intends to become a director in a company. Applications for the allotment of DIN can be made in the Spice+ form at the time of company's registration.

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STEP 4: NAME APPROVAL

For name approval, an application is filed in the prescribed Form SPICE+ Part A with the Ministry of Corporate Affairs.

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STEP 5 : SUBMISSION OF FINAL INCORPORATION FORM (SPICE+) ALONG WITH MOA & AOA.

After name approval, one needs KYC and other prescribed documents of Directors& Shareholders. After submission of Spice+ form to MCA one will get Certificate of registration along with PAN & TAN.

As per the recent amendment, a new form has been introduced named as AGILE Submission of this form will provide registration of EPFO, ESIC & GST of the Company.

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STEP 6 : BANK ACCOUNT OPENING

Open your bank account for your business and take the necessary steps to launch it.

Benefits

1. SINGLE OWNER
OPC is avoiding slow decision making due to the hassle of voting. They have appointed up to 15 directors with no shares granted as they are simply facilitating administrative functions.
Corporate entities are often difficult to manage, require paperwork, and compliances. However, OPCs offer a low-maintenance option that is easy to manage with less paperwork and fewer compliances.
OPC registration is a great way for businesses to get started without having to put up a lot of money up front. There is no minimum capital requirement, but the maximum Authorize capital of One Person Company shall not exceed Rs 50 lakhs at any point in time.
OPC's have a greater credibility among the vendors and lending institutions because they are required to have their books audited annually. This gives the OPC the ability to track their finances and ensure that they are meeting all of the requirements set by their clients.

Get a free consultation for Private Limited Company registration by scheduling an appointment with Finlawcity.

Contact Us

WHY CHOOSE US

1. EXPERT PROFESSIONALS
FINLAWCITY, has a team of qualified and experienced Chartered Accountants and Company Secretaries, our team of Chartered Accountants and Company Secretaries has the experience to make your company registration process hassle-free.
FINLAWCITY provides you online company registration service that offers you free advice and reliable assistance to complete your company registration in India. We also offer an online payment service to make the process easy, simple and convenient.
We know that start-ups often have a limited budget and we work hard to keep costs low. We offer competitive pricing with no hidden fees and our service is streamlined from start to finish.
Our 100 % technology driven platform will save you time and money as we have a team of professionals who are well versed with their job.
We at FINLAWCITY ensure start-ups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery start-ups prefer us to do Company registration for them.
Finlawcity offers a free consultation for One Person Company registration in India. To schedule an appointment, call 09711717331 or fill out the online form.

Requirements

Services

MINIMUM ONE DIRECTOR

Services

MINIMUM ONE SHAREHOLDER

Services

MINIMUM ONE NOMINEE IS REQUIRED.

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NO CAPITAL REQUIREMENT

Documents Required

Pan Card

Pan Card

Pan Card of Shareholders & Directors

Photograph

Photograph

Latest Passport size photograph of Shareholders & Directors.

Identity Proof

Identity Proof

Aadhar Card/ Voter ID / Passport / Driving Licence of Shareholders & Directors.

Address Proof

Address Proof

Latest Telephone Bill / Electricity Bill / Bank Account Statement of Shareholders and Directors.

For Registered Office

For Registered Office

Rent agreement Utility bills-telephone, electricity, and municipal (Not older than 2 Months) NOC From Owner.

Frequently Asked Questions

What Is a One Person Company?
One Person Company is one of the most popular ways to register a company with MCA in India. The Legal Consequences are that the One Person Company is a type of business structure registered with MCA to give a separate legal existence to the business different from its directors and shareholders.
A One Person company in India requires a minimum of 1 director and 1 shareholder. The company must also have a registered office in India.
A digital signature certificate (DSC) is an encrypted signature that is saved on a pen drive. It makes the online registration process easy by signing ROC form or PDF.
A Director Identification Number (DIN) is a unique number assigned by the Ministry of Corporate Affairs to individuals on whose name the application is made. This allows an individual to be a director in any company.
Anyone over the age of 18 can be a director, provided they have a DIN (Director Identification Number).
When a company is formed, it has to specify the maximum amount of money that it can raise by issuing shares. This is known as the authorised capital. The actual amount of money that the company has raised by issuing shares is known as the paid-up capital. Paid-up capital is always less than or equal to authorised capital.
Yes, a One Person Company can carry multiple businesses if it is mentioned in the company’s MOA and approved by a registrar. The company can mention more than one business operating within the same field. For e.g. - A OPC can be registered as an e-commerce platform that sells clothes, shoes, and accessories. However, the business activities must be inter-related, and the nature of business should be similar.
All directors must provide identity and address proof, as well as a copy of the PAN card. No-objection certificate must be submitted by the Owner of the registered office premises.
It is safe to register your company online with a trusted company like FINLAWCITY. You will be able to complete the registration process quickly and easily, and you will be able to access your account securely. You will also be able to manage your account and view your company's information online.
Our team of professionals at FINLAWCITY can help you register your company within 7-10 working days, anywhere in India. We offer free consultation so that you can find the most suitable options for your business.