One Person Company (OPC) Registration
2 DIN + 2DSC + Name Approval + COI + MOA + AOA + PAN + TAN
7,599* Contact Us
How To Register One Person Company ?
Obtain a Digital Signature Certificate (DSC).
Step 1
Obtain Director Identification Number (DIN).
Step 2
Prepare MOA and AOA.
Step 3
One Person Company
Online Company Registration in India at just Rs. 7,599/- (all inclusive)
One Person Company (OPC) is an unique entity where an individual can form a company. It combines the concept of a company with limited liability and succession, allowing a person to own and operate a company in their name, One Person Company (OPC) in India. It governs the registration and functioning of one person company in India. In comparison with a public company a private company should have at least two directors and two members however on the contrary, one person company registration doesn't need any group of people to be incorporated.
Benefits
Easy Access to Funding
One person company registration in India can easily raise money through venture capital, angel investors, incubators, and other sources because it is a private company. Getting money is now simple.
Easy Integration
And one person company in India can be easily integrated without any legal hassles. A member also serving as a director should provide the approval for integration. There is no minimum paid up capital requirement.
Constant Repetition
The OPC has the function of perpetual succession even with only one member. A nominee must be chosen by the single-member when incorporating the OPC. The candidate will take over operation of the company in the event that a member passes away.
Easy to Manage
Administration of the OPC can be made simple by allowing a single person to both find and lead it. Making decisions is straightforward, and it happens quickly.
Legal Standing
The member grants the OPC registration a separate legal entity status. The sole person who incorporated the OPC is protected by its distinct legal status.
Less Conformity
The OPC is not required to prepare the cash flow statement. The secretary of the company is not required to provide any annual reports and maintain any account books.
Documentation & Pricing
List of Documents Required For Company Registration
A. Documents of Directors/Shareholder
- Identity and address proofs of the owner/director(s).
- Address proof of the company's registered office.
- Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
- Consent to act as a director from the owner/director(s).
B. Documents For Registered Address
- Proof of Premises: Telephone, Electricity, Water Bill,
- NOC (No Objection Certificate) from the property owner of the registered office.
How to Register?
Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed director.
Step-1: Check the eligibility and documentation
Documentation plays an important role in online company registration in India. Primary documents of all shareholders and directors such as PAN, ID, and address proof are presented along with the proof of registered address of the company. For registered addresses, utility bills such as electricity bills, water bills, or registered address telephone bills are filed with the NOC from the owner of the premises. The list of required documents is provided above the list of documents required for your reference.
Step-2:Request DSCs and DINs for each director
The name of each company should be unique and should not infringe on the name of another company or any other trademark. We assist you by conducting a detailed search in the MCA and trademark database for a possible match to the name. Please refer to our detailed discussion on the name approval guidelines of company name approval guidelines for company registration.
Step-3:Submit a request for a name reservation Form Spice+ for company incorporation
DSC is equivalent to physical or paper signature under the Information Technology Act. For the registration of a company, all applications to the ROC are filed in digital format signed by its proposed director. The filing process of the company registration begins with the issue of a digital signature for the shareholder and director of the company.
Step-4:RoC issues an incorporation certificate with a PAN and TAN
RUN is the name of an online application, to be used to apply for ROC approval for the company's proposed name. The RUN application can be filed with two proposed names of the company in order of preference, with a note on the importance of the name and business activities.
Step-5:Open a bank account and start your business.Open a bank account and start your business.
After approval of the company name, we have to file a formal application for incorporation of the company as SPICE to ROC with appropriate documents as attachments. The documents to be attached to the Spice Form are the company's MOA, AOA, KYC documents of the promoters, and proof of address registered with the NOC from the landlord. The DSC of the promoters is then used to sign the application, which is then forwarded to a Chartered Accountant, Company Secretary, Cost Accountant, or a lawyer practicing in the High Court. The government filing fee for company registration depends on the company's proposed capital.
Step-6:Registration of The Company with ROC
After verification of the application for company registration, the final stage of company registration is to issue a certificate of incorporation of the company. The issue of registration certificate of the company is the conclusive proof of registration of the company by the ROC.
Step-7:Apply for PAN and TAN for your new business
Nowadays, the issue of PAN number and TAN automatically occurs at the time of incorporation of the company. A separate application is not required. The PAN number and TAN are printed on the certificate of joining, and after company registration, e-PAN and TAN letters are sent via email.
FAQs
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1. Do we need your Physical presence during Online Company Registration Process?
No, Private Limited Company Incorporation is a fully online process as all the documents and e-forms are to be filed electronically on MCA Portal. You just need to send us scanned copies of all the required documents & forms. So, your physical presence is not required at all. -
2. What is Digital Signature Certificate (DSC)
The DSC is an instrument which looks like a pen drive but it is nothing like a pen drive. It enables you to sign the documents like PDF electronically. -
3. What is the annual cost to run a private limited company?
You can expect an annual expenditure of around Rs.25000 which involves 3 important aspects: Accounting & Auditing, Annual Compliance & Misc. Compliance expenditure. -
4. What are articles of association (AOA) and memorandum of association (MOA)?
MOA & AOA contains all the rules, vision and mission of your private limited company, and defines the exact roles and responsibilities of shareholders and directors. -
5. How many Directors & hareholders can be a part of same company?
Minimum two directors are needed for a private limited company. The maximum members/ shareholders can be 200.
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