One Person Company Registration

Documents Required for One Person Company

  • 1. Copy of Income Tax PAN (Permanent Account Number) of Main Director and Nominee Director.
  • 2. Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of of Main Director and Nominee Director
  • 3. Latest passport size Photographs of Main Director and Nominee Director
  • 4. Registered Office Address Proof – Electricty Bill along with Rent Agreement / ownership proof of proposed registered office.
  • 5. Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of 1 Promoter and 1 Nominee Director with Present address.

ADVANTAGES OF ONE PERSON COMPANY

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited.

FREQUENTLY ASKED QUESTIONS

Only one shareholder is allowed in an OPC. Additionally, you need to have a nominee.

Voluntary conversion

When a One Person Company gets incorporated, it cannot convert itself to Private or Public company for a period of not less than two years from the date of incorporation. Means if you want to get converted voluntarily you have to wait for two years to over

Compulsory Conversion

When a One Person Company has a paid-up capital more or equal to Rs. 50 lakhs or, the Annual turnover for the relevant financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into Private Limited Company or Public Limited Company.
The minimum authorized capital to start should be Rs. 100,000 and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
With New form INC 29 the total time to register an OPC is 10-20 working days.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

No You can open a company to your residential address there is no requirement to have a commercial place to open up a company.

 

For Registered Office Address

 

Rent agreement along with latest rent receipt (in case the premises are rented)

House tax receipts (in case premises are owned)

Electricity bill

NOC from the Owner (Format will be shared once your company name approved)

Upfront Pricing, Simple Plans, & Superior Service


13999/Only Per/Year

Basic

  • One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates and company kit.
16999/Only Per/Year

Standerd

  • One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit and Sales Tax Registration.
22000/Only Per/Year

Premium

  • One person company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit and trademark registration.