One Person Company Registration

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ONE PERSON COMPANY REGISTRATION
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ONE PERSON COMPANY REGISTRATION INTRODUCTION One
person company is a unique concept introduced by
the ministry of corporate affairs in order to
encourage the small traders and entrepreneurs.
With passage of time, the opc company mode of
business organisation is all set to become the
most preferred form of business organization
especially for small entrepreneurs. The one
person company concept holds a bright future for
small traders, entrepreneurs with low risk taking
capacity, artisans and other service
providers. ADVANTAGE OF ONE PERSON COMPANY
REGISTRATION  ONLY ONE SHAREHOLDER- Only a
natural person, who is an Indian citizen and
resident in India, shall be eligible to
incorporate a One Person Company. DIRECTOR-  OPC
Registration must have a minimum of 1 Director
the Sole Shareholder can himself be the Sole
Director. The Company may have a maximum number
of 15 directors. FREEDOM FROM COMPLIANCE-  One
Person Company Incorporation also gets freedom
from complying with many requirements as normally
applicable to other private limited Companies.
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HOW IT WORKS
DOCUMENT REQUIRD DOCUMENTS REQUIRED FOR ONE
PERSON COMPANY INCORPORATION Self attested copy
of Identity Proof of Director (Copy of PAN
Card) Self attested copy of Address Proof of
Director (Voter ID/Aadhar Card/Copy of
Passport/Driving License/Electricity
Bill/Telephone Bill) Self attested copy of Bank
Account Statement/Electricity Bill/Mobile Bill of
director Passport size Photograph of
director Copy of current Electricity Bill/Water
Bill/House Tax etc for the premises proposed to
be used as registered office of the company If
Property is Rented, then Rent Agreement and NoC si
gned from owner of property.  
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INFORMATION REQUIRED WITH REGARD TO ONE PERSON
COMPANY Director ( Nominee) Detail Educational
Qualification Profession/Occupation of Director
with area of Operation Citizenship along with
Residential Status of Director Place of Birth of
Director Permanent Present Residential
Address of Director Contact Number of 
Director E-mail Id of Director   Company
Detail Preference wise proposed names of the
Company with Significance of the name  State in
which Company is to be registered Authorized and
Paid Up capital of the Proposed Company Main
Object of the Proposed Company Division of paid
Up capital among the Subscribers. Number of
Proposed Directors Details of Nominee
person. Number of Proposed Shareholders
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• WHAT YOU GET
• Unique Director Identification Number (DIN) for
  Life time                                         
           
• Digital Signature Certificate (DSC)
• Reservation the name for your company
• Certificate of Incorporation (COI)
• Rubber Stamp of the company
• PAN Card of the company
• Proper Incorporation file
• Draft Copies of MOA AOA
• Bank account opening documents

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ADVANTAGE Advantage of Single Person Company
 Separate Legal Entity One Person Company is
a legal entity separate from its
members.   Limited Liability. In a Sole
Proprietorship firm, the personal assets of the
proprietor can be at risk in the event of
failure, but this is not the case for a One
Person Private Limited Company, as the
shareholder liability is limited to his
shareholding.   Legal Status The structure of
OPC is that similar to Private Limited Company.
Hence OPC also enjoys the corporate status which
helps the entrepreneur to attract quality
workforce and helps to retain them by giving
corporate designations, like directorship.   Free
Compliances OPC form of company is very easy to
manage. Only few filings are to be made with ROC
and they are exempted from conducted Annual
General Meeting. The Board Meetings can be
conducted for every six months.
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TIME DURTION 5-15 days (Subject to ROC Response)
after receipt of all the necessary Documents, The
breakup of the Number of days is as follows
Activity Days
Taking Digital Signature of Directors 1-2 DAY
Taking Directors Identification Number (DIN) 1 DAY
Reservation of the name of the Company 0-3 DAYS
Preparation of other documents such as MOA,AOA, Forms etc 0-1DAYS
Filling of documents with Authorities 1 DAY
Getting Final Certificate of Incorporation 3-7 DAYS
Total Number of Days 5-15 DAYS
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FAQ'S Q1.      What is One Person Company? One
Person Company a new company structure, contains
the benefits of sole proprietorship and corporate
status. It has only one member, as the Member cum
Director and a nominee. Q2.      How can register
a One Person Company? One Person Company can be
registered like Private Limited Company, where
all the rules and regulation are laid down by the
Ministry of Corporate Affairs. Q3.      How much
capital do I invest to start a One Person
Company? The minimum capital requirement is Rs.
1,00,000/- but this amount differ from your
investment. Authorized capital and investment are
not one and the same. You can invest as many as
you can, but when you want to incorporate a
company legally, it has to be started with Rs.
One lakh as capital. Q4.      How many Directors
can we have in One Person Company? A minimum of 1
is required while starting a One Person Company,
but you can have up to 15 Directors for your
OPC. Q5.      Who can be a nominee for a One
Person Company? Nominee can be anyone, such as
your spouse, father, mother, daughter, brothers,
sisters etc., but they should hold proper
identity proofs such as PAN card, Voter id or
Passport or Driving License etc., in order to be
appointed as Nominees for One Person Company.
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Q6.      Who is Director of a Company? A Director
is the person who manages and control the affairs
of the company. A Director is the brain of a
Company. They occupy a pivotal position in the
structure of the company. Directors take the
decision regarding the management of a company
collectively in their meetings known as Board
Meetings. Q7.      How can I change a nominee for
my company? A Nominee can be changed with the
proper intimation and filing of necessary forms
with Registrar of Companies Q8.      Can Foreign
Direct Investment allowed for One Person
Company? No, FDI is not allowed for One Person
Company, if it does then it will lose its very
nature of One Person Company. Q9.      Who cannot
form a One Person Company? A Minor, Foreign
citizen, Indian Non resident, a person
incapacitate to contract are restricted from
Forming a One Person Company. Q10.   Can a One
Person Company converted into Private Limited
Company? Yes, it can be converted into Private
Limited Company, if the One Person Company has
exceeded the threshold limit by filing necessary
forms.  
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  Q11.   How can a One Person Company converts
itself into Private Limited Company? One Person
company can convert itself to Private Company,
when the paid up capital exceeds Rs. 50 lacs or
its average turnover exceeds Rs. 2 crores for the
relevant period. Q12.   How many types of OPC are
there? There are 3 types of OPCs A company
limited by shares A company limited by
guarantee An unlimited company