ONE PERSON COMPANY
One Person Company for the Modern Entrepreneur.
Forming an One Person Company will provide businessmen much flexibility in management, attains benefits and status like Private Limited Company, which means they will have limited liability, legal protection for business, access to credits, bank loans, access to markets etc., all in the name of separate legal entity.
Normally, naturally born Indian, who is a resident of India, can only obtain the advantages of a One Person company. We require two persons to register One person company, one is Member cum Director and the other person would be a Nominee.
One Person Company
checklist to Start a One Person Company
Register your One-Person Company with just a single individual to act as the initial director/shareholders. However, another individual to be nominated as the nominee of a single shareholder of the company
Invest as per the business’s requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty is calculated on the authorized capital and the location of the registered office of the company.
New & Unique Name
The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding the name of your startup.
Documentation for One Person Company Registration
Documentation plays a significant role in the Registration of an OPC in India. The primary documents of all shareholders and directors such as PAN, ID Proof, and address proof are submitted along with evidence of the Company’s registered address.
Select Name of the One Person Company
The name of every Company should be unique and must not violate the name of any other company or someone else trademark. We assist you by conducting a detailed search in the MCA and Trademark database for a possible match of the name.
DSC for Promoter of One Person Company
DSC (Digital Signature Certificate) is equivalent to the physical or paper signature under the information technology act. For Registration of an OPC, all the applications to ROC are filed in digital format signed by its proposed director. The Incorporation Process for OPC
Name Approval for the One Person Company.
The name of the company should be eligible as per the law. To seek the name approval of your company from the ROC, we file an online run application; this is also known as company name registration. The application for name availability is generally disposed of by the ROC within 1 to 2 days.
Filing of Spice Plus Form to ROC for Company Incorporation
After the name’s approval, the spice plus form is submitted to the ROC for the issue of the certificate of incorporation of the Company. The promoters documents, proof of registered address, MOA & AOA are the mandatory attachments of the Spice Plus Form. The entire company registration process is online, =
Certificate of OPC Incorporation
The final stage for the OPC Registration is the Issue of the Certificate of Incorporation of the Company after the verification of the application for OPC Registration is filed in Spice Form. The issue of the registration certificate of the company is conclusive proof of the Registration of One Person Company
Documents to incorporate an One Person Company
Frequently Ask Questions
A natural person who is an Indian citizen and resident in India: – (a) Shall be eligible to incorporate a One Person Company; (b) Shall be a nominee for the sole member of a One Person Company.
One Person Company can be started with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorized Capital Fee] during the incorporation of the OPC. There is no requirement to show proof of capital invested during the incorporation process
With old route it takes around 12 to 16 days but With New form INC 29 the total time to register a One Person Company is 8-10 working days.
No, an NRI or Foreign National cannot be a Shareholder in a One Person Company.