One Person Company Registration

1.      Ask a QuestionBecome a Partner for E-Invoicing has been reduced to 10 crores from existing 20 crores respectively.Limit for E-Invoicing has been reduced to 10 crores from existing 20 Latest news:   Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact Home / Registrations / One Person Company Registration Easy Online One Person Company Registration with Finaccle. ✓ Get One Person Company registration within no time ✓ Enjoy hassle free One Person Company registration processing with Finaccle ✓ Finaccle lays a groundwork for your business. BOOK A FREE CALL NOW Your name Your email Your phone Service State   GET FREE QUOTE TODAY! THREE STEPS FOLLOWED BY FINACCLE 1. Collect the documents relevant for registration. 2. We shall apply for registration on your behalf. 3. You can get registration in no time. Introduction One person company (OPC) in India is one of the easiest forms of corporate entities to manage. One person company is a hybrid of Sole-Proprietorship and Corporate form of business. One Person company Registration opens up new business opportunities for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. The One Person Company (OPC) was introduced by the Companies Act 2013 to assist entrepreneurs who are capable of starting a business on their own by allowing them to form a single person organisation. A  registered one-person company (OPC) is a limited-liability entity with only one owner. This individual is a shareholder as well as a director. The liability of the owner is limited to the amount of capital he has invested. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability towards their contributions to the enterprise.

2. Benefits Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact Easy to Obtain Funds: As OPC is a private company, it is simple to raise funds from venture capitalists, angel investors, incubators, and other sources. Legal Status: The OPC is granted its own legal entity status by the member. The OPC is a separate legal body that protects the single person who has incorporated it. Less Compliance: The Companies Act of 2013 exempts the OPC from certain compliance requirements. The cash flow statement does not have to be prepared by the OPC.  Easy Management: Since a single person can establish and run the OPC, it becomes easy to manage its affairs. Perpetual Existence: The OPC has the feature of perpetual succession even when there is only one member.   Contact us Fill the form to contact us Your name Your email Your phone Service  Get started now! Disadvantages Suitable for only small business: OPC is well suited to the structure of a small firm. At any given time, the OPC can have not more than one member. To obtain more funds, OPC cannot add more members or shareholders. Thus, with the expansion and growth of the business, more members cannot be added. Ownership and management: Since the sole member can also be the director of the company, there will not be a clear distinction between ownership and management. The sole member can take and approve all decisions. The distinction between ownership and control is becoming increasingly blurred, perhaps leading to unethical commercial activities. Restriction of business activities: The OPC cannot carry out Non-Banking Financial Investment activities, including the investments in securities of anybody corporates. It cannot be converted to a company with charitable objects mentioned under Section 8 of the Companies Act, 2013.   Features ✓ A natural person cannot become member of 2 OPC at a time ✓ Minor cannot become member or nominee of OPC and even cannot hold share with beneficial interest in OPC ✓ Only a natural person who is an Indian citizen whether resident in India or otherwise shall be eligible to form OPC.

3. ✓ Company shall put the word (OPC) with name of the company like ABC (OPC) Private Limited ✓ OPC, like a private or public limited company, also have a distinct identity from its shareholder or directors Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact ✓ Voluntary conversion to private limited is now possible at any time. Eligibility ✓ Minimum 1 Director ✓ Maximum 1 shareholder/ 1 Nominee ✓ Director and Shareholder may or may not be the same persons ✓ DIN of the directors ✓ Digital Signature of shareholder and directors Documents required ✓ Name of the director and nominee ✓ Consent of the nominee ✓ Passport sized photograph ✓ E-Mail ID ✓ Contact Number ✓ Identity Documents: Aadhar Card Pan Card Passport (In case of foreigner) ✓ DSC (Digital Signature Certificate) of the Director ✓ DIN (Director Identification Number) of the Director ✓ Address proof of the premises: If Rented: The Rent Agreement or Consent letter/No Objection Certificate If Owned: SMC Vera bill/Light bill (Not older than two month). ✓ Description of proposed business activity in few words ✓ Proposed and actual capital contribution Process 1 Verification of documents

4. 2 Application for Name Approval (online RUN WEB Application on MCA Portal) Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact 3 Obtaining DSC (Class-2) and DIN as required above. However, in new companies DIN can be obtained within SPICe + facility 4 Incorporation of company along with filing of e-MOA and e-AOA 5 Providing you Certificate of Incorporation 6 Filing of Commencement of business certificate after 180 days. GET FREE QUOTE TODAY! Glossary Certificate of Incorporation The title of the document filed in many states to create a corporation. Also known as the articles of incorporation or corporate charter. Directors The individuals who, acting as a group known as the board of directors, manage the business and affairs of a corporation. Limited Liability Limited liability is a form of legal protection for shareholders and owners that prevents individuals from being held personally responsible for their company's debts or financial losses. Name Reservation A procedure that allows a corporation to obtain exclusive use of a corporate name for a specified period of time.   Why Finaccle ✓ Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients. ✓ You get all Financial, taxation, Accounting and legal solution under one roof. ✓ For your one person company, we submit an application for name approval. We draft the MoA (Memorandum of Association) and AoA (Articles of Association). ✓ We shall keep you informed about the status of your OPC Registration.

5. ✓ We file the incorporation documents with the MCA for you. The PAN and TAN are allocated simultaneously. Registrations  Compliance  Accounting  Advisory  Knowledge Centre  Contact FAQ Can a person be a member of more than one OPC? Does public invitations are allowed? How do I convert an OPC to a Private limited company? Is there any tax advantage on forming an OPC? Who cannot form an OPC? BOOK A FREE CALL NOW What they say about us Quick response to any query. Excellent services and Extremely polite and professional staff. Abhishek Taliya, 3Tee Elastic Private Limited Latest blog posts More blog posts info@finaccle.in Top Services Shortcuts Address 602, Empire State Building, Ring Flexible Accounting GST Registration About Us Terms of use     

6. Private Limited Registration Trademark Registration All Services Compliance  Privacy Policy Road, Nr. Udhna Darwaja, Surat, Gujarat - 395002 Registrations  Accounting  Advisory  Knowledge Centre  Contact Phone +918866252846 +918460275778 Copyright © 2022 Finaccle