Your OPC Registration is just a click away.
(Price inclusive of all charges)
(Note: This fee doesn’t apply to the companies whose registered offices are situated in the States of Madhya Pradesh, Punjab, and Kerala. Please contact us to know the price for these states.
Rs. 3,999 /-
What is OPC Registration?
One Person Companies are governed by the Ministry of Corporate Affairs (MCA) in India. As per Section 2(62) of the Companies Act, 2013, one-person companies are those companies whose:
- Only one person as its member (shareholder).
- Member of the company is nothing but subscribers to its Memorandum of Association, or its shareholders.
Why One Person Company Registration is Beneficial?
One Person Company is a new and unique concept that has been introduced in the Companies Act, 2013. Before the enforcement of the Companies Act, 2013, a single person was not eligible to incorporate a company. One Person Company is the best business structure for the new and small single entrepreneurs who are planning to start their business operations. An individual can become a single member (shareholder) and single director in its One Person Company.
Minimum Requirements to Register a One Person Company in India.
- No. of Member (Shareholder) – 1 Member (Shareholder)
- No. of Director – 1 Individual (director and shareholder can be same person)
- No. of Nominee – 1 Individual
- Authorised Share Capital – Rs. 1 Lakh (minimum)
- Paid-up Share Capital – Any Amount
Time period of processing of application of One Person Company Registration.
Ministry of Corporate Affairs (MCA) usually takes 10 to 15 working days (excluding Saturday, Sunday, and Gazetted holidays).
Documents Required for One Person Company Registration.
Below is the list of documents required for the One-Person Company Registration in India.
- PAN Card of the proposed Director of the Company.
- Aadhar Card of the proposed Director of the Company.
- Voter ID / Passport / Driving License (any one) of the proposed Director of the Company as identity of the director.
- Passport Size Photos of the proposed Director of the Company.
- Contact Details (Content numbers and email IDs) of the proposed Director of the Company.
- Occupations of the proposed Director of the Company.
- Birth place of the proposed Director of the Company.
- Telephone Bill / Electricity Bill / Bank Account Statement, having residential address, (not older than 2 months) of the proposed Director of the Company as address proof of the director.
- Sale Deed or Rent/Lease Deed (if rented), NOC and Utility Bill (i.e., Electricity Bill / Water Bill / Property Tax Receipt, any one, not older than 2 months) as proof of register office address of the Company.
- Area of business activity.
- Proposed name of the Company.
Cost to Pay for Registration of a One-Person Company and what will you get.
Prices charge by myaccountants.in for One Person Company Registration is very reasonable and normal, for this we charge Rs. 5,499/- (inclusive of Govt Fees).
Note: This fee doesn’t apply to the companies whose registered offices are situated in the States of Madhya Pradesh, Punjab, and Kerala. Please contact us to know the price for these states.
- Digital Signature of director with 2 years validity, along with ePass USB token.
- Director Identification Number (DIN Number).
- Certificate of Incorporation of the Company.
- PAN and TAN of the Company.
- Employees Provident Fund (EPF) Registration.
- Employees State Insurance (ESI) Registration (if required and having employees 10 or more).
- MSME Certificate.
- Current Bank Account.
- GST Registration (if required).
How myaccountants.in will help you to get your One-Person Company Registered in India?
myaccountants.in has knowledgeable and experienced team members to guide you and resolve your query related to everything about One Person Company Registration. You can follow the steps given below to get register your One Person Company through us.
Step 1. Book your service by making payment for selected service and you can ask queries related to the service in case of any doubt.
Step 2. After receipt of your payment, our team member will contact you to understand your requirements and guide you to send the required documents.
Step 3. An application is submitted for obtaining the Digital Signature Certificate. Simultaneously proposed name reservation request will send with MCA for approval.
Step 4. Once the name reservation request is approved by the MCA, company incorporation documents i.e. Memorandum of Association (MOA), Article of Association (AOA), and Other Documents are drafted. These incorporation documents need to be signed by all the proposed Directors and Shareholders.
Step 5. Our team will start the process of filing incorporation documents with the Registrar of Companies (ROC) for company registration and follow off the status of the company registration.
Step 6. After the successful process of the application by the Registrar of Companies (ROC), our team will send you all documents related to your company i.e. Certificate of Incorporation, PAN, and TAN of the company on your email ID.
Some General Doubts Related to One Person Company Registration.
Q 1. What is authorized and paid-up Share Capital?
Ans. Authorized Share Capital is the maximum value of equity shares that can be issued by a company and Paid-up Share Capital is the number of shares issued by the company to its shareholders and paid by them. Authorized Share Capital can be increased at any point of time after incorporation to issue additional shares to the shareholders.
Q 2. What is the difference between One Person Company (OPC) and a Private Limited Company?
Ans. In general, there is no difference between One Person Company (OPC) and a Private Limited Company. In a Private Limited Company minimum of 2 members (shareholders) and 2 directors are required for its incorporation, whereas in One Person Company (OPC) only a single individual can be a member and director of the company.
Q 3. What is the difference between One Person Company (OPC) and Sole Proprietorship?
Ans. In the case of One Person Company, a single person runs a company having its liabilities limited by shares he/she hold. Hence in One Person Company, there is separate legal existence of the Company from its member/director. Whereas in the case of sole proprietorship the proprietor is itself an entity and there is no separate legal existence between the owner and his/her business.
Q 4. Who can become a nominee and what is the role of the nominee in One Person Company?
Ans. Nominee can be any Individual Person (i.e. Spouse, Children, and Relative of Member) and the role of the nominee is, he/she will become a member of the company in case of death or incapacity of an original member of the company.
Q 5. What is the Memorandum of Association (MOA) and Article of Associate (AOA)?
Ans. A Memorandum of Association (MOA) is a legal document that defines the relationship of the company with its shareholders and it specifies the objectives for which the company has been incorporated. It is the Supreme Document of any Private Limited Company. The company can not do work beyond its objectives mentioned in MOA.
Article of Associate (AOA) is a document that contains rules and regulations for the internal management of the company and it also specifies the duties, rights, and powers of the management of the company. Directors can not do the work beyond the power defined in AOA.
Q 6. What is Director Identification Number (DIN)?
Ans. DIN is a Unique Identification Number allotted by the Ministry of Corporate Affairs (MCA). It Identifies the director and the companies in which he/she is a director. All the Directors must have a valid and active Director Identification Number and it is mandatory to complete KYC of directors to stay active its DIN every year.
Q 7. How much capital need to invest initially?
Ans. There is no minimum amount of capital required to invest in the company initially but it is advised to invest such an amount of money to meet up the requirement of the bank to maintain minimum account balance criteria.
Q 8. Can One Person Company be registered at a residential address?
Ans. Yes, there are no restrictions on the registration of one person company at the residential address.
Q 9. How many days it will take to register a One Person Company?
Ans. myaccountants.in will take registration of One Person Company in 10 to 15 working days (excluding Saturday, Sunday, and Gazetted holidays) but this is subject to the processing of application and documents filed for registration with Registrar of Companies (ROC).
Q 10. What are the Compliances needed to be fulfilled by a One Person Company?
Ans. Company require fulfilling certain compliance once it incorporates. The company requires appointing a Statutory Auditor (Chartered Accountants) within 30 days of its incorporation. Income Tax Return, Accounts of the Company (Form AOC-4), Management Report (MGT-7) need to file on annual basis. Apart from this compliance there are some other compliance like Filing of Commencement of Business Form (INC-20A) once and Director KYC on annual basis.