One Person Company (OPC) Registration Services in India

One Person Company Registration

Meaning Of One Person Company

According to Section 2(62) of Companies Act, a one-person company is a business entity which has only one individual as its member. Moreover, the company’s members are nothing but either the subscribers to the company’s MOA (memorandum of association) or its shareholders.

Therefore, an OPC can be defined as a company which has a single shareholder as its member.

One Person Company (OPC) registration is a new concept that surpasses the limitations of resources, time and mediums to get more partners for the execution of business plans and enables us to promote the incorporation of micro-businesses & accomplish our entrepreneurial dreams.

OPC can also be considered as the combination of Company and Sole proprietorship. OPC can be registered as a one-person company under Section 2(62) of the Companies Act, 2013 and the rules thereto. The absence of complexities that comes with multiple partners, motivates many people to incorporate an OPC to start their business. Besides, Limited Liability also bolsters the incorporation of OPCs.

Rationale Behind One Person Company

An individual can easily transform the business idea into a corporate form.
Limited Liability
OPC can be solely carried out by the same person.
Limited resources are adequate in OPC.
No minimum paid-up share capital under the Companies Act, 2013.
No perpetual succession

Benefits of One Person Company Registration

Limited Liability
Independent Existence
Less Tax Burden
Quicker Actions
No requirement of minimum capital contribution
Compulsory Audit is required only when the Contribution exceeds 25 lakhs or the Annual Turnover exceeds 40 Lakhs

Major Condition For Incorporation Of OPC

Person Incorporating an OPC & Nominee of Such OPC Shall Be –

Natural Person; &
Indian Citizen; &
Resident of India

Note– Here A Person Is To Be Called Resident Of India If He Has Stayed In India For A Period Of Not Less Than 182 Days During Immediately Preceding One Calendar Year.

No Person Shall Be Eligible To Incorporate More Than One OPC.
No Person Shall Be Eligible To Become Nominee In More Than One Such Company (OPC).
If A Person Is Already A Member In An OPC, And After This, He Becomes A Member In Another OPC Under His Being A Nominee In That OPC; Then He Shall Make Arrangements Within A Period Of 180 Days For Fulfilling The Condition As Referred In Abovementioned Point No. 2.

Documents Required For Incorporation Of A One Person Company

Companies Act, 2013 has listed the following requirements for the incorporation of a Pvt. Ltd. company

Minimum One Directors

Member: Member is a person who buys and holds shares in a company having a share capital. They become a member once their name is entered on the register of members. Director: A director is a person who leads or supervises a particular business of a company.

PAN Card

Self-attested PAN Card of Members and Directors.

Identity Proof of Directors

Self-attested ID proof of Members and Directors (Anyone out of the following -Valid Passport/Voter ID/Aadhar Card/Valid Driving License)

Address Proof of Directors

Self-attested Address Proof of Members and Directors and Should Not be Older than 2 Months (Anyone out of the following – Bank Statement/Electricity Bill/Telephone Bill/Mobile Bill)

Passport Size Photo

2-2 Passport Size Colored Photos of Members and Directors.

Business Address Proof (Owned/Rent/Leased)

NOC from the Owner of Property/Property Papers (Title Deed)/Utility Bill (Either Electricity Bill or Mobile Bill or Telephone Bill) (Should Not be Older than 2 Months)

Requirement Of Information

Authorized and Paid-up Share Capital of the Proposed Company. Explanation: A Company can be started with any amount of capital. There is no need for a minimum amount of capital of Rs. 100,000.
Place of Birth and Duration of Stay of Sole Member, Nominee and Director at Present Residential Address.
Occupation of Sole Member, Nominee and Director.
Proposed Object/Business of the Proposed Company.
Educational Qualification of Sole Member, Nominee and Director.
Email IDs and Contact Number of Sole Member, Nominee and Director.

→

FILE YOUR ITR

→

SAVE YOUR TAXES WITH US

→

START BUSINESS

→

OPTIMIZE YOUR INCOME WITH US

Have Any Question?

We Work Very Professionally And Have 15+ Years Of Experience

Get your business registered today

Testimonials

What Our Clients Says

The team at TaxDunia is simply outstanding! Their strategic approach and dedication consistently exceed our expectations. They are a true asset to our organization.

The entire process of starting from filing the return till refund is completely smooth & seamless. I strongly recommend to try their services once & you never turned back. I have been a happiest & loyal customer since last 5 years. Thank you.

Knowledgeable and professional consultants who go above and beyond. Truly impressed!

Professional, reliable, and knowledgeable. They are my go-to for income tax advice.

Their consultancy services have saved me both time and money. A trustworthy partner indeed.

They provide personalized attention and ensure all income tax filings are done accurately.

Partnering with TaxDunia has been instrumental in the growth of our startup. Their team provided invaluable insights and expertise that guided us through critical decision-making processes.

Working with TaxDunia has been a game-changer for our startup. Their consultants have a deep understanding of the industry and were able to tailor their advice to our specific needs.

Professionalism and expertise define their income tax and GST services. Highly recommended!

Let a Dedicated Tax Expert Do Your Taxes For You. Get A Consultation

Signup our newsletter to get update information, insight or news

Why Choose Us

We Provide High-Quality Tax Service

Pretium quis fringilla purus a auctor nulla egestas eros sed consequat fusce. Lacinia litora interdum rutrum cursus lacus libero nec congue.

Best Taxation Service

Mattis lorem blandit condimentum nostra tristique suspendisse nibh.

Business Strategy & Growth