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One Person Company Registration
A registration provides corporate status and many benefits to the members and directors. In the case of a Private company, at least two members are required which is not the same in the case of OPC. To eliminate this drawback and allow a single person to reap the advantages of One Person Company, this sort of a company structure is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process.
One Person Company feature is such that it has only one shareholder who owns 100% stake of the company. 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. One person company is a type of Private Limited Company.
Why Should You Choose Munshi G & Co. for Registering Your One-Person Company?
- Expert Team of Qualified CA, CS, and Lawyers
- Dedicated Relationship Manager and On-call Support
- The entire New Company Registration Process is Managed Online
- Quick Turnaround and Economical Pricing
- Thousands of Happy Customers Across All States of India
- Empowered with Secured Technology
- Avail exclusive partner offers on web hosting, payment gateways, etc.
Process to register OPC online
Day 1 - 2
- Review of documents and information provided
- Application for Digital Signature Certificate
Day 3 - 6
- Checking Name availability
- Drafting of MoA, AoA & other required documents
Day 7 - 9
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
Day 10 - 12
- Government processing time
Documents Required for Online OPC Registration
01
PAN Card
PAN Card of shareholder, nominee, and Directors.
02
Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholder, Nominee, and Directors.
03
Directors Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholder, Nominee, and Directors.
04
Photographs
Latest Passport size photograph of Shareholder, Nominee and Directors
05
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
06
NOC from Owner
No Objection Certificate to be obtained from the owner(s) of the registered office
07
Rent Agreement
Rent Agreement of the registered office should be provided, if any
Benefits of One Person Company Registration
Limited Liability of Owners
One of the benefits of registering OPC lies in the separate legal entity of the company where the liability and obligations are not charged over the personal assets of the sole member. The liability of a member is limited to the unpaid amount of the capital subscribed by the member. Even in the case of liquidation, the personal assets of the member are protected, except in certain specified cases.
Separate Legal Existence
A One Person Company would obtain the status of a separate legal entity. Such OPC registration ensures that the entity is separate from the owner, unlike a proprietorship firm. OPC can own the assets in its own name and enter into a contract with the parties. The actions of the company are independent of the owner. This is the main benefit of OPC registration.
Separation of Management and Ownership
While the shareholders are the owners of the business, the management decisions are made by the directors of the company. This helps the business to benefit from professional management without diluting ownership for the promoters and shareholders.
Lower Compliance Requirements
A Single Person Company is benefited with an exemption to many compliances unlike a private company. Compliances like holding General and Board Meeting, etc. are not applicable to OPC. However, Board Meeting must be held if more than one director is on Board.