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One Person Company (OPC) Registration

One Person Company (OPC)

One Person Company can be formed the company act 2013. It is the most modern form of business in India. The concept of one Person Company in India was started by Dr. Jammu- jamaye Irani in his report on company law dated as on 31 may 2005. He suggested that such a unit should be provided with a simple system through exemption so that an entrepreneur can get the procedural regarding matters that do not force to decrease the time, energy and resources. It became the companies ACT 2013 after obtaining the permission of the president of the INDIA.

The concept of One Person company was introduces to support entrepreneurs so that a person’s economic unit is improved and he is able to start own business. Only one member can be in the OPC. Whereas a one person company like a private limited company is a separate legal entity from its promoter. Promoters have no impact on the company and the business continues for a long time. OPC is taking advantage in a big way with developing India’s overall economy.

One person company is more suitable for small businessmen who have less capital to build a company. You can prepare its outline under the companies ACT2013 and register it legally under this ACT. It encourages to more people to start a business. A One Person Company can be converted into private limited company when paid-up share capital exceeds Rs. 50 lakh or turn over crossed Rs. 2 corers.

At Bizz Solvo provide you the facility of hassle-free One Person Company registration. Registration of One Person Company by our team is done legally by online process with utmost care.

Know the basics

Exemption for an OPC

Documents Required For One Person Registration

  • Passport size photograph
  • Copy of PAN card
  • Copy of Aadhar card
  • Sale deed(if owned)
  • Address proof (Bank statement /mobile ,telephone bill)
  • Copy of rent agreement (if rented)
  • Copy of property papers (if owned)

Process of registration for One Person Company

  • 1.Apply for DSC

    The first step is to obtain the digital signature certificate (DSC) of the proposed director which required the following documents

    • Address proof
    • Aadhar card
    • PAN card
    • Photo
    • Email ID
    • Phone no.
  • 2.Apply for DIN

    To apply for the director identification no. (DIN) OF the proposed director in SPICE from with the name and the address proof of the director.

  • 3.Name Approval Application

    An application for the reservation of a suitable name must be made in form no. INC-1

  • 4.Application for Incorporation of OPC

    An application must be filed with the registrar of company (ROC) within whose jurisdiction the registered office of the company is proposed to be situated in form no. INC-2.

  • 5.Signing of Memorandum & Articles of Association

    The MOA & AOA of the company must be signed by the sole member who also the subscriber to the memorandum, who must give details of his name, address, description and occupation in the presence of at least one witness who must also attest the signature and must also sign and give his details.

  • 6.Affidavit of Subscriber & the Director

    The affidavit must be submitted by sole member who has subscribed to the memorandum and named in the articles in form No.INC9

Advantages of Choosing OPC

  • 1.Legal Standing

    The member grants the OPC a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status. The member is not personally liable for the company's loss; instead, his or her liability is limited to the value of the shares that he or she owns. Therefore, the OPC and not the member or director may be sued by the creditors.

  • 2.Easy Access to Funding

    One person company in India can easily raise money through venture capital, angel investors, incubators, and other sources because it is a private company. Getting money is now simple.

  • 3.Less Conformity

    The One Person Company (OPC) is given some exemptions from compliance requirements under the Companies Act of 2013. The OPC is not required to prepare the cash flow statement. The secretary of the company is not required to provide any annual reports and maintain any account books.

  • 4.Easy Integration

    And one person company in India can be easily integrated without any legal hassles. A member also serving as a director should provide the approval for integration. There is no minimum paid up capital requirement.

  • 5.Easy to Manage

    Administration of the OPC can be made simple by allowing a single person to both find and lead it. Making decisions is straightforward, and it happens quickly. The member can easily pass both ordinary and special resolutions by writing them down in the minutes book and getting just one other member to sign them. Because there won't be any internal disputes or delays, managing the company will be easy.

  • 6.Constant Repetition

    The OPC has the function of perpetual succession even with only one member. A nominee must be chosen by the single-member when incorporating the OPC. The candidate will take over operation of the company in the event that a member passes away.

Attractive Plans

BASIC
19999
  • 1 Name Approval
  • 2 DSC
  • 2 DIN
  • 1 Lakh Authorised Capital
  • MOA, AOA
  • Incorporation Fee
  • Stamp Duty, PAN, TAN
  • GST Registration
  • Udyam Aadhar
  • ESI, PF Registration
  • Incorporation KIT
  • Commencement of Business Certificate
  • 100+ Letter for your business
  • Business Running Module
  • Office Road Map
  • Management Work & Responsibility
STANDRED
34999
  • 1 Name Approval
  • 1 DSC, 1 DIN
  • 5 Lakh Authorised Capital
  • MOA, AOA
  • Incorporation Fee
  • Stamp Duty, PAN, TAN
  • GST Registration
  • Udyam Aadhar
  • ESI, PF Registration
  • A Class Trademark Registration
  • Incorporation KIT
  • Commencement of Business Certificate
  • 100+ Letter
  • Business Running Module
  • Office Road Map
  • Management Work & Responsibility
  • Management Road Map
  • 6 Month GST Filings (GSTR-1 GST3B)
  • Marketing Management
  • Marketing Frame Work
  • Accounts Frame Work
  • Employee Agreement
  • 10+ Legal Website Policy
  • 20+ Legal Partner Agreements
PREMIUM
58999
  • 1 Name Approval
  • 1DSC
  • 1 DIN
  • 10 Lakh Authorised Capital
  • MOA, AOA
  • Incorporation Fee
  • Stamp Duty, PAN, TAN
  • GST Registration
  • Udyam Aadhar
  • ESI, PF Registration
  • A Class Trademark Registration
  • ISO Certificate
  • Incorporation KIT
  • Commencement of Business Certificate
  • 100+ Letter Format
  • Business Running Module
  • Office Road Map
  • Management Work & Responsibility
  • Management Road Map
  • 12 Month GST Filings (GSTR-1 GST3B)
  • ITR Filings
  • Marketing Management
  • Marketing Frame Work
  • Accounts Frame Work
  • Employee Agreement
  • 10+ Legal Website Policy
  • 20+ Legal Partner Agreements
  • Office Technical Setup
  • Co-Worker Technical Working Setup
  • Co-Worker Internal Setup & Training
  • 50+ Personal Email Letter Format
  • 50+ Department Email Letter Format
  • 3 Month Employee Training by Professional