- [email protected]
- Bengaluru, India
ONE PERSON COMPANY (OPC)
One Person Company Incorporation in Just 7 days.
OPC is a company that can have only one member as a shareholder and minimum one member as Director.
OPCs are allowed to have a maximum of 15 directors.
6 Quick Steps to Register a One Person Company
1. DSC
Digital Signature Certificate is required to verify & authenticate documents and applications.
2. DIN
Unique Directors Identification Number allotted by MCA to intending Directors.
3. Name Approval
A desired unique company name with suffix “(OPC)” is reserved on the MCA portal.
4. Signatures
Forms for physical signature are sent to Director & Nominee. A scan copy is uploaded on MCA.
5. SPICe+
A single integrated web form for multiple services. The application is uploaded on MCA.
6. Incorporation
Your OPC is successfully incorporated. You may open a current account with any bank.
Checklist of Documents to Get Started
For Director & Nominee
- Director's photograph scan
- Director's PAN card & Aadhar card scan
- Passport or Voters ID or Drivers License scan
- Latest Bank Statement with transactions or latest Postpaid/Utility bill in the name of Director.
For Registered Office Address
- Rental or Lease agreement if premise is rented or leased
- Address proof - Latest tax paid receipt or sale deed if premise is owned by Director
- Latest utility bill
- No objection letter from owner of premise
What's Included in the Package?
- Certificate of Incorporation
- Company PAN Card
- TAN Certificate
- DSC Token
- DIN Number
- MoA & AoA
- Free GSTIN
- Free MSME
- Free EPF
- Free ESI
Check OPC Name Availability For Free
When to Choose an OPC?
- You are a single founder and want to let it be with that way.
- You want to start small and own all the shares
- You don’t plan to raise funds in near future
- You want your Business to be inherited by someone after you by way of nomination
- You don’t want to invest more than 50 lakh
- Your business is solely dependent on your skills & talents.
Eligibility Criteria For Director & Nominee
- The Director must be a natural person
- The Director must have completed age of maturity that is 18 years of age
- There is no bar over the nationality of the director. A foreign national may be a director of a company with condition that there must be one Indian resident director.
- The Director should have active DIN and Digital Signature
Ineligibility Criteria For Director & Nominee
- Is of unsound mind by a court of competent jurisdiction and the finding is in force
- Is an undischarged insolvent
- Has applied to be adjudicated as an insolvent and his application is pending
- Has been convicted by a court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence
- Has not paid any call in respect of shares of the company held by him/her, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call
- An order disqualifying him/her for appointment as director has been passed by a court in pursuance of section 203 and is in force, unless the leave of the court has been obtained for his/her appointment in pursuance of that section
7 Big Advantages of One Person Company
A One Person Company can be incorporated within 7 days, thanks to the recent introduction of SPICe forms. SPICe form allows to complete the entire process of incorporation in through one form. As a result, after incorporation all the incorporation documents, PAN & TAN are received over email. This helps the company to open bank account and start business operations immediately.
The One Person Company is considered as a separate legal entity. In the eyes of the law, a company is a person, having a common seal, and perpetual succession.
In an OPC, one person holds the entire share and has complete authority over the operation of the business. The liability of the person will be to the extent he has invested in the business.
The OPC will become the owner of its assets, and the members will not have any insurable rights in the assets of the company.
One person company business structure enjoys corporate status which helps the entrepreneur to attract quality workforce and retain them by giving corporate designations.
In an OPC, Directors’ remuneration, rent and interest are a deductible expense which reduce the
profitability of the Company and ultimately brings down taxable income of your business.
OPC is completely controlled and managed by the Single Owner. It leads to quick decision making and execution. The sense of belonging motivates to grow the business further.
One Person Company have a lesser compliance-related burden such as No prerequisite to holding annual or Extra-ordinary General Meetings.
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Reasons Why Customers Like Us
TURNAROUND TIME
We deliver within the promised turnaround time and help you with quick business setup.
EXPERIENCE
All our in-house professionals possess at least 10+ years of industry experience.
PRO-ACTIVE
Our team proactively initiates the process & follows up for approval of application forms.
SUPPORT
Our team follows industries' best practices and aims to provide personalized solutions.
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Quick Contact
MR. REGISTRATION
established in 2016, Developing a broader, more holistic, startup-centered approach that focuses on facilitating ease of setting up business in India.
Head Office
- HAL, Bangalore, India
- [email protected]