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ONE PERSON COMPANY (OPC) Registration

Start-Up

Rs 19,000

(for Resident Indian Citizens only. )
  • Name Reservation
  • Company Registration
  • Stamp Duty
  • 1 Digital Signatures
  • 1 Director Identification Numbers
  • MOA and AOA
  • PAN and TAN
  • GST Registration
  • PF and ESI Registrations
  • Certificate of Commencement of Business
  • Bank Account Opening Support
Purchase Now
Start-Up +

Rs 25,000

(for Resident Indian Citizens.)
  • Name Reservation
  • Company Registration
  • Stamp Duty
  • 1 Digital Signatures
  • 1 Director Identification Numbers
  • MOA and AOA
  • PAN and TAN
  • GST Registration
  • PF and ESI Registrations
  • Bank Account Opening Support
  • Start-Up India Registration
  • Certificate of Commencement of Business
Purchase Now

One Person Company

When we possess a unique idea and ample resources to initiate a company, with the intention of retaining sole control over profits, opting for One Person Company (OPC) Registration emerges as the preferable choice. The introduction of the One Person Company (OPC) concept in India under the Companies Act of 2013 marked a significant milestone by simplifying legal formalities. This initiative aimed at promoting the corporatization of micro and small businesses, alleviating the burden on small entrepreneurs who would otherwise expend excessive time, energy, and resources on intricate legal processes. Consequently, this not only contributed to economic development but also fostered the creation of new employment opportunities.

Indian residents, specifically Indian nationals, can pursue One Person Company (OPC) Registration, and existing sole proprietorship businesses can undergo the process to convert into an OPC. The One Person Company serves as an incredibly convenient form of business entity, particularly for individuals unable to find a suitable partner or those who prefer not to share their business ideas and profits. Despite being in its early stages in India, the concept of OPC enjoys widespread recognition.

The One Person Company concept holds a positive future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers. The One Person Company (OPC) would act as a launch pad for such entrepreneurs to showcase their capabilities in the global arena. After One Person Company (OPC) Registration, it will get a legal personality unlike a Proprietorship and is registered under the Companies Act and is governed by the Company Law/Corporate Law. It has a separate identity but different from the owner of the One Person Company (OPC). Since a One Person Company (OPC) assumes its own personality, the rights and duties of a One Person Company (OPC) are different from those enjoyed by the Owners of the One Person Company (OPC). The shareholder of a One Person Company (OPC) is not its proprietors, but mere suppliers of capital. One Person Company (OPC) can sue and be sued on its own name.

Benefits of One Person Company (OPC) Registration

After One Person Company (OPC) Registration, there is provision for conversion to other types of legal entities by induction of more members and amendment in the Memorandum of Association. So in future if the One Person Company needs more support, it will be eassier. There is no need to chasnge the name at that time, because the name is already registered with Registrar of Companies.

Freedom in Decision Making

The One Person Company has only one Share Holder. Hence owner’s word will be the final decison. No other person can interfere in the Management of an OPC

Perpetual Succession

An incorporated One Person Company (OPC) is an entity with perpetual succession. The death of a proprietor does not affect the existence of the One Person Company (OPC).

All Benefits of a Private Limited Company

One Person Company is basically a Private Limited Company. It gives the individual entrepreneurs all the benefits of a company, which means they will get credit, bank loans, access to market, limited liability, and legal protection available to companies by virtue of acquiring the legal status and perpetuity.

Less Legal Compliance

The volume of compliance by a one person company is much lesser in terms of filing returns, balance sheets, audit etc. Compare to Private Limited Companies, One Person Company has relaxation on compulsory holding of meetings.

main principles

FAQ

What are the steps to register a Company in India?
  1. Obtain DSC (Digital Signature Certificate)
  2. Apply for DIN (Director Identification Number)
  3. Reserve your unique Name
  4. Form SPICe (INC-32)
  5. e-MoA (INC-33) and e-AoA (INC-34)
  6. PAN and TAN  Application
How much time will take to register a Company. ?
We Biswas Filing Service, will register a Company and Complete all procedures within 10 Working days after receipt of all documents
What are the documents required for company registration?
  1. PAN of all
  2. Passport / VotersID/ Driving  License of all
  3. Latest Bank Statement of All
For Registered Office
  1. Building Tax Receipt
  2. Latest KSEB Bill of Registered Office
What is MOA.?

MOA stands for Memorandum of Association whereas AOA means Articles of Association. Both these documents act as an important source of information for various shareholders and other stakeholders associated with a Company.

MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share Capital of the Company.  In short, it explains the relationship of a Company with the Outside world.

What is AOA. ?

<p><strong>AOA stands for Articles of Association</strong>&nbsp;are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC). When AOAs are in conjunction with the MOA, they are called the Constitution of the Company.</p>

What is DSC ?
DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required.
What is the Validity of Company Registration Certificate. ?

The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world

How do I check whether my company is registered or not ?
  1. Go to the MCA website.
  2. Go to ‘MCA Services’ tab.
  3. In the drop-down click on ‘View Company/LLP Master Data’.
  4. Enter the companies CIN.
  5. Enter the captcha code. Click on ‘Submit’.
  6. Now you will be able to view the exact status of your registration process.
What are the benefits of company formation in India. ?
  1. It protects you from personal liability for business risks and losses.
  2. Makes you look serious and attracts more customers.
  3. Creates better image and credibility in the market.
  4. Easier to get bank credit and investment from investors.
  5. Creates faith in employees and easy to attract talented manpower.
  6. It is very convenient to exit or sell the business, due to less documentation and cost.
Whether we receive any documents physically from Government after Registration.?
No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance
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