Nareshv and Associates

One Person Company

Expert assistance at your fingertips

Steps

1. Fill out the Form

Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our nareshv & associates CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

2. List of Documents Required

1. Passport or PAN card
2. Passport size photo
3. Specimen signature
4. No objection certificate
5. Rental agreement
6. Address proof of directors
7. Identity proof of directors For NRIs and foreign nationals, a passport
8. Voter ID
9. Drivers License
10. Updated gas or electricity bills
11. Bank account statements, and phone bills for mobile or landlines
12. A sample signature.

3. Registration Procedure

Step-1:
    Checking of OPC Company Name Availibility.
Step-2:
    Application for OPC Name Reservation.
Step-3:
    Obtaining Digital Signature of OPC Owner/Director.
Step-4:
    Preparation of One Person Company -OPC MoA and AoA.
Step-5:
    Filing of OPC Registration Process with Requisites Document at ROC office.

4. Advantages

Limited Liability
Existence Continues
Greater Credibility
Ease In Funding
Registration With Least Requirements
Benefits Of Small Scale Industries
Acknowledged As A Trustful Separate Legal Business Structure

5. Benefits of One Person Company

One Person Company (OPC) registration in India offers several advantages such as limited liability protection, ease of formation, and complete control to the owner. As the sole owner and director of the company, you can enjoy the benefits of a private limited company structure while retaining complete control over your business. OPC also provides easy access to funding and better credibility in the market. With our expert guidance, enjoy a seamless OPC registration process and comply with legal requirements. Register your OPC now and take the first step towards building your dream business.

6. . Requirements of One Person Company

To register a One Person Company (OPC) in India, you need to have only one person as the owner and director of the company. Additionally, the owner should be an Indian resident and must have a PAN card. The company should also have a unique name and a registered office address in India. OPCs are required to maintain proper books of accounts and file annual financial statements with the Ministry of Corporate Affairs. With our expert guidance, ensure a hassle-f

One Person Company

What is One Person Company?

OPC or One Person Company is a type of a company formed by a single person who is the director and owner of the company. According to the Company’s Act, 2013, OPC Registration in India in India is a type of sole proprietorship business structure in the form of a company which provides complete authority to the owner to run the business as limiting his duties and financial liabilities for the business.

Frequently Asked Questions

1. How to choose the unique name for the company?

The first and the foremost step in obtaining One Person Company Registration is to reserve and get approved the name of the company. The proposed or reserved name should not hold any word which is prohibited as per Companies Act, 2013.

2. Can I change the registered address of the company after shifting to a commercial space?

Yes, You can. It is a very easy process, that too if the new address is inside the same city the process of changing the address can be made within hours.

3. What is CIN number of One Person Company?

CIN Number is a short form of Corporate Identity Number and it is a unique 21-digit alphanumeric number given to all types of business companies such as One Person Company, Producer Company, Section 8 Company, Limited Company, Private Limited Company,and Nidhi Company registered in India.

4. Could One Person Company be incorporated in the regimes of the Companies Act,1956?

As OPC is a new business concept introduced in the Companies Act, 2013, it could not be incorporated under the earlier Acts.

5. What type of OPC can be incorporated?

According to section 3(1) and (2), OPC can only be formed as a private limited company. Such a company may either be: 1. a company limited by guarantee; or 2. a company limited by shares; or 3. an unlimited company.

6. Who can form or incorporate a OPC?

According to Rule 3(1) of the Companies (Incorporation) Rules 2014, only a person who is residing in India and an Indian Citizen shall be eligible to start or form an OPC.

7. Who can become a nominee of an OPC?

According to Rule 3(1) of the Companies (Incorporation) Rules 2014, only a person who is residing in India and an Indian Citizen shall be a nominee for an OPC.

8. Is One Person Company structure suitable for small business?

Yes! Absolutely, the One Person Company is suitable for small businesses whose turnover should not exceed Rs. 2 crores.