One Person Company Registration
The first move towards building an empire!
Online Trademark Registration in India
6000+ Startups and MSMEs Served
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6000+ Startups and MSMEs Served
OVERVIEW
What is One Person Company?
To grasp the concept of a One Person Company (OPC), it’s essential to understand the identity it establishes. Registration grants corporate status along with numerous benefits for its members and directors. Unlike a Private Company, which requires a minimum of two members, an OPC allows for a single individual to enjoy these advantages. This structure was introduced through the Companies Act, 2013, to address the limitation of requiring multiple members and to enable a sole proprietor to benefit from the OPC model. The registration process for an OPC is streamlined through online filing and procedures.
An OPC is characterized by having just one shareholder who holds 100% ownership of the company. To ensure continuity and perpetuity, it is mandatory to appoint a nominee who will assume ownership in the event of the owner’s death or incapacity. Essentially, a One Person Company functions as a type of Private Limited Company.
BENEFITS
Benefits of One Person Company Registration
Separate Legal Existence
A One Person Company (OPC) acquires the status of a distinct legal entity. This registration ensures that the OPC is separate from its owner, unlike a sole proprietorship. An OPC can hold assets in its own name and engage in contracts independently. The company's operations are separate from those of the owner, which is a key advantage of registering as an OPC.
Limited Liability of Owners
One advantage of registering as a One Person Company (OPC) is its status as a separate legal entity, which ensures that the liabilities and obligations of the company do not extend to the personal assets of the sole member. The member’s liability is confined to the unpaid portion of the capital they have subscribed to. Even in the event of liquidation, the member’s personal assets are safeguarded, except in specific circumstances outlined by law.
Lower Compliance Requirements
A One Person Company enjoys exemptions from many regulatory requirements that apply to private companies. For example, it is not obligated to hold General or Board Meetings. However, if there is more than one director on the board, then holding Board Meetings becomes mandatory.
Separation of Management and Ownership
Although an OPC is owned by a single individual, the owner can appoint a director to handle the responsibilities of operating and managing the company. The operational tasks are delegated to the director(s), allowing the owner to focus on generating profits and pursuing other ventures. Nonetheless, in a One Person Company, the shareholder retains full control as the sole stakeholder.
ONLINE REGISTRATION
Documents Required for Online OPC Registration
PAN Card
PAN Card of shareholder, nominee, and Directors.
Photograph
Latest Passport size photograph of Shareholder, Nominee and Directors
Rent Agreement
Rent Agreement of the registered office should be provided, if any
Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholder, Nominee, and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholder, Nominee, and Directors.
NOC from owner
NOC from owner
One Person Company Name Format and Formulation
Unique Name
Helps in easy approval of name, and to create distinct identityOne Person Company name should be unique as it forms the company brand, preferably a coined word.
Business Object
The OPC name format shall have the second part of name suggesting the business activity of the company.
Constitution Type
Name of the company must end with “(OPC) Private Limited” as a suffix.
ONLINE REGISTRATION
Start Your LLP – Quick and Easy!
1. Answer Quick Questions
- Pick a package for LLP registration that best fits your requirements
- It takes less than 10 minutes to fill in our questionnaires
- Provide basic details & documents required for LLP registration
- Make payment through secured payment gateways for LLP registration fees
- You are assisted by our experts throughout the process
2. Relax While Team of Experts Get It All Done
- Assigned Relationship Manager
- Procurement of Digital Signatures (DSC)
- Certificate of LLP Incorporation
- Application for LLP Name Reservation
- Application for Director Identification Number (DIN)
- Application for PAN and TAN
- Drafting of LLP agreement and other required documents
3. Wow! LLP Registration was Easy
- Your business is registered, get-set-grow!
- All it takes is 15 – 18 working days to register and incorporate your LLP in India*
THE PROCESS
How Long does It Take?
Day 1 - 2
- Application for Digital Signature Certificate
Day 3 - 5
- Checking LLP Name availability
- Application for Name Reservation under “LLP-RUN”
- Reservation of LLP Name
Day 6 - 10
- Drafting the LLP incorporation document
- Filing application for LLP registration
- Application for DIN allotment of Designated Partners
- Certificate of LLP Incorporation
Day 11 - 14
- Application for PAN and TAN of LLP
- Drafting of LLP Agreement
Day 15 - 18
- Payment of Stamp Duty
- Filing of LLP Agreement
- Government processing time
Most suitable for professionals and services businesses
LLP Incorporation offers a blend of operational flexibilities and limited liability
protection to owners. It also qualifies for DIPP registration to
avail the Startup India scheme benefits