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One Person Company (OPC) Registration Online

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One Person Company (OPC) Registration Online - Process, Procedure, Document Required, Fees, Eligibility, Duration

Generally, one person company is a company that can be mainly incorporated by only one person. You are required to start thinking of the name when you are thinking about starting one person company in a most effective manner. This one-person company can be formed under the company that can be limited by shares or guarantee. It is mainly considered to be the salient feature of OPC.

One Person Company

In general, the One Person Company is the latest concept that brings great relief for various entrepreneurs. Through the Companies Act 2013, this One Person Company has been introduced in India. You need to know the fact that, Section 2(62) defines One Person Company as a company that should consist of only one person as a member. That member must be both the director and shareholder at the same time.

Impact of One Person Company:

The extraordinary benefit of establishing a One Person Company is that the owner is mainly responsible for all affairs. The company matters consist of less liability and enjoy more benefits as same as that of the private limited company. According to the rule of One Person Company, the owner is considered to be the most powerful authority.

Advantages of being small scale industries:

One Person Company can let you experience more benefits offered to SSI – Small Scale Industries such as easy funding from the bank. OPC consists of more number of benefits under foreign trade policy and some other related policies.

Easy funding:

One Person Company can be able to raise funds via financial institutions, angel investors, venture capital and much more. It is a company as a private company. OPC can able to raise funds and hence graduate itself to a private limited company.

Separate legal entity:

One Person Company is a separate legal entity and able to execute everything that the entrepreneur can able to do.

One Person Company - Get Expert Advice

One Person Company - Get Expert Advice

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One Person Company (OPC) Registration Online Frequently Asked Questions

1. OPC must have only one person as the member 2. The capital amount required should be Rs. 1,00,000 3. The OPC member is having the right to change the nominee with due intimation to the registrar at anytime 4. One Person Company can be formed as a company limited by guarantee or limited by share capital 5. One person can able to form up to only one OPC 6. Director identification number and digital signature certificate is mainly required 7. OPC can be formed by Indian resident and citizen
- Statutory Audit can be done by Practicing Chartered Accountant. - Minimum 2 board meetings are needed to be conducted - Statutory registers and minutes maintenance - Form MGT-7 filing for annual return - Form- AOC-4 filing for financial statement - ITR filing - Auditor Appointment - Annual Filing is required to the Registrar of Companies
1. ID Proof of Partners 2. Address Proof of Partners 3. Residence Proof of Partners 4. Photograph 5. Proof of Registered Office Address 6. Digital Signature Certificate
Generally, it takes around 7-10 working days for Registration of OPC after completion of the all above requirements
According to Section 2(62), One Person Company must have only one person as a member. That member should be both the director and shareholder as per rule.
In general, it will take around 5 to 6 working days to register a One Person Company after completing the above requirements.

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