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One PersOn COmPany
ONE PERSON COMPANY REGISTRATION
INTRODUCTION
One person company is a unique concept introduced by the ministry of corporate affairs in order to encourage the small traders and entrepreneurs. With passage of time, the opc company mode of business organisation is all set to become the most preferred form of business organization especially for small entrepreneurs. The one person company concept holds a bright future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers.
ADVANTAGE OF ONE PERSON COMPANY REGISTRATION:
ONLY ONE SHAREHOLDER:-
Only a natural person, who is an Indian citizen and resident in India, shall be eligible to incorporate a One Person Company Registration.
DIRECTOR:-
OPC Registration must have a minimum of 1 Director; the Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors.
FREEDOM FROM COMPLIANCE:-
One Person Company Incorporation also gets freedom from complying with many requirements as normally applicable to other private limited Companies
DOCUMENT REQUIRD
DOCUMENTS REQUIRED FOR ONE PERSON COMPANY INCORPORATION:
Self attested copy of Identity Proof of Director (Copy of PAN Card)
Self attested copy of Address Proof of Director (Voter ID/Aadhar Card/Copy of Passport/Driving License/Electricity Bill/Telephone Bill)
Self attested copy of Bank Account Statement/Electricity Bill/Mobile Bill of director
Passport size Photograph of director Copy of current Electricity Bill/Water Bill/House Tax etc for the premises proposed to be used as registered office of the company
If Property is Rented, then Rent Agreement and NoC signed from owner of property.
INFORMATION REQUIRED WITH REGARD TO ONE PERSON
COMPANY
Director (& Nominee) Detail:
Educational Qualification
Profession/Occupation of Director with area of Operation
Citizenship along with Residential Status of Director
Place of Birth of Director
Permanent & Present Residential Address of Director
Contact Number of Director
E-mail Id of Director
Company Detail:
Preference wise proposed names of the Company with Significance of the name
State in which Company is to be registered
Authorized and Paid Up capital of the Proposed Company
Main Object of the Proposed Company
Division of paid Up capital among the Subscribers.
Number of Proposed Directors
Details of Nominee person.
Number of Proposed Shareholders
WHAT YOU GET
• Unique Director Identification Number (DIN) for Life time
• Digital Signature Certificate (DSC)
• Reservation the name for your company
• Certificate of Incorporation (COI)
• Rubber Stamp of the company
• PAN Card of the company
• Proper Incorporation file
• Draft Copies of MOA & AOA
• Bank account opening documents
ADVANTAGE
Advantage of Single Person Company :
· Separate Legal Entity: One Person Company is a legal entity separate from its members.
· Limited Liability.: In a Sole Proprietorship firm, the personal assets of the proprietor can be at risk in the event of failure, but this is not the case for a One Person Private Limited Company, as the shareholder liability is limited to his shareholding.
· Legal Status: The structure of OPC is that similar to Private Limited Company. Hence OPC also enjoys the corporate status which helps the entrepreneur to attract quality workforce and helps to retain them by giving corporate designations, like directorship.
· Free Compliances: OPC form of company is very easy to manage. Only few filings are to be made with ROC and they are exempted from conducted Annual General Meeting. The Board Meetings can be conducted for every six months.
TIME DURTION
5-15 days (Subject to ROC Response) after receipt of all the necessary Documents, The breakup of the Number of days is as follows
Activity Days
Taking Digital Signature of Directors 1-2 DAY
Taking Directors Identification Number (DIN) 1 DAY
Reservation of the name of the Company 0-3 DAYS
Preparation of other documents such as MOA,AOA, Forms etc 0-1DAYS
Filling of documents with Authorities 1 DAY
Getting Final Certificate of Incorporation 3-7 DAYS
Total Number of Days 5-15 DAYS
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