One Person Company Registration in India

QuickBiz Offer a professional service which can get your new business off to a flying jump. We are Compliance and finance officers for your business. Here you find easy and affordable online company registration and range of essential services.

One Person Company Registration

All you need to know

One person company (OPC) is new concept emerged by Companies Act, 2013. One Person Company means a company run by a single person both as a director as well as member. Only one person holds the complete 100% stake of ownership. It is one of the easiest forms of corporate entities to manage. OPC is the combination or we can say hybrid form of sole proprietorship and corporate form of business.

 

OPC has lesser compliances to be done as compared to private limited company. In case of private company at least 2 members are required to form a company whereas it is not the case with OPC. Only single person is the owner of the company. OPC does away the hassles of finding the proper partner for starting a business as the registered entity. It requires only one person who will act as a member, shareholder, and director. To maintain the character of perpetuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his inability.

 

Quickbiz Filing is efficient business platform which helps in incorporation of company, compliance, advisory and consultancy services. Quickbiz Filing employs qualified company secretaries and chartered accountants which provides timely delivery of services to its customer. The process of Private Limited Company incorporation & registration is easy, cheap and quick at quickbizfiling.com. You may get in touch with our compliance manager on 09643203209 or email info@quickbizfiling.com for free consultation.

 

One Person Company Registration Fees

Select State

BASIC

5299 (All Inclusive)
  • Digital Signature Certificates
  • Director Identification Numbers
  • Name Approval with SPICe
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe
  • MOA & AOA
  • PAN
  • TAN
  • GST registration
  • INC 20A Filing
  • Appointment of 1st Auditor
  • SSI/MSME Registration​r

STANDARD

7999 (All Inclusive)
  • Digital Signature Certificates
  • Director Identification Numbers
  • 1 Separate RUN application for Name Approval​
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe
  • MOA & AOA
  • PAN
  • TAN
  • GST registration
  • INC 20A Filing
  • Appointment of 1st Auditor
  • SSI/MSME Registration​
Popular

PREMIUM

19399 (All Inclusive)
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Separate RUN application for Name Approval
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe
  • MOA & AOA
  • PAN
  • TAN
  • GST Registration
  • INC 20A Filing
  • Appointment of 1st Auditor​
  • SSI/MSME Registration​
  • 1st Income Tax filing upto turnover of Rs. 50 Lakhs
  • 1 Year TDS Filing upto 500 entries
  • 1st Annual Filing upto turnover of Rs. 50 Lakhs
  • 25 Copies of MOA
  • 25 Copies of AOA
  • 10 Copies of Share Certificate
  • Company Seal

Advantages of a One Person Company

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Separate Legal Entity

A One Person company is a separate legal entity which possess all the rights to sue or to be sued. An OPC enjoys the benefit of separate legal identity which means that assets and liabilities of the business are not the assets and liabilities of the Directors or shareholders.

Fund Raising

Just like private limited company, OPC attracts various angel investors and venture capitalists that helps them to expand and raise their funds for the growth of their business.

Enhanced Credibility in market

A registered one person company is considered more trustworthy as compared to the non-registered ones. The particulars of the company are available on a public database, which improves the credibility of the company as it makes it easy to authenticate the details. Vendors, suppliers and investors trust them over the other business structures. As a result, it enhances the brand value of the company amongst the customers and other investors and suppliers.

Minimum Compliances

OPC has been exempted from various compliances which are mandatory for private limited company. It has to do all the annual compliances but does not have to hold AGM every year.

Limited Liability

If the company goes into liquidation, the personal assets of the members will not be used to pay off the liability of the company. Their liability remains limited only upto capital subscribed and unpaid by them.

Perpetual succession

The company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its member or shareholder. It continues as a legal person until it is legally dissolved.

List of Documents for Company Registration

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • Two coloured Photographs of shareholder, nominee and directors
  • PAN card of shareholder, nominee and directors
  • Identity Proof (Copy of Voter ID / Driving License/ Passport)
Registered Address Related Documents
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  • Proof of registered office address (Electricity Bill or any other utility bill for the address proof of the Registered Office. If premises is rented then utility bill, rent agreement or sale deed and an NOC from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well)

How to Incorporate One Person Company

One Person Company Registration Process in 5 steps
  • 1.Application of DSC
  • 2. Selection of suitable name
  • 3. MOA & AOA Submission
  • 4. Get Incorporation Certificate of Company
  • 5. Get PAN & TAN of Company

FAQs On One Person Company

Get answers to all your queries

Only Indian citizens can register for OPC as per guidelines of Ministry of Corporate Affairs (MCA).

As the name suggests only one director is required to start the OPC.

No, there is no requirement for minimum paid up capital but subscriber should hold one share for registration. And also there is requirement to have INR 1 lakh as the authorised capital of the company.

A person who is of the age of 18 years or more and is Indian citizen can become nominee. In the event of death or disability of the subscriber, the nominee assumes his position.

Yes any person can be appointed as nominee subject to the condition he/she holds the correct PAN in his/her name.

Director Identification Number is a unique number allocated by the Ministry of Corporate Affairs to Individuals on whose name the application is made, allowing an individual to be a Director in any Company or Designated Partner in an LLP.

Authorised capital means the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount which is raised by a company till now i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not more than the authorized capital.

Yes, OPC can be registered for multiple businesses subject to the condition that it is mentioned in the MOA of the company. The company can mention more than one business which is related from the same field.

Yes, nominee of the company can be changed at any time with due intimation to ROC.

No, NRI/Foreigners cannot register OPC in India. The subscriber should be Indian citizen.

No, you don’t need to present physically as new company registration is a fully  online process and all documents are filed electronically, You just  need to send us scanned copies of all the documents & forms required.

Yes, OPC van be easily converted into either private or public limted company.

When paid up capital of the OPC exceeds INR 50 lakhs or the average annual turnover during the relevant period exceeds 2 crore rupees, OPC has to be mandatorily converted into  private limited company.

If the OPC is having more than one director than the company must conduct board meetings. The books of accounts are needed to be audited by independent auditors. It shall also file form AOC-4 and MGT-7 as part of annual compliances.

Have Questions? Need Help of an Expert

Call us at: +91 91066 57 573 or Email us: support@quickbizfiling.com

×