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One Person Company (OPC) Registration

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One Person Company (OPC) Registration

One Person Company (OPC) Registration is a business entity in which there is only one owner with limited liabilities who can act both as a shareholder as well as the director. In India One Person Company (OPC) was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity.

If an OPC exceeds a turnover of over Rs. 2 crore or has a paid-up capital above Rs. 50 lakhs, it must be turned into a private or public limited company within six months. In a Private Company, a minimum of two Directors and Members are required whereas during a Public Company, a minimum of three Directors and a minimum of seven members. one person couldn’t incorporate a corporation previously. Incorporate your Business Now: Fast, Easy, and 100% Online Process with Pricetoservice. Get Expert Support But now as per Section 2(62) of the Company’s Act 2013, a corporation is often formed with just 1 Director and 1 member. it’s a sort of a corporation where the compliance requirements are lesser than that of a personal company.

OPC Documents Required

Advantages Of One Person Company (OPC) Registration

  • Single Shareholder and Director can be same person.
  • Separate Legal Entity and Limited Liability
  • Minimum 1 Nominee is mandatory (Indian Resident)
  • Maximum 15 Directors allowed
  • A person can be member in only for one OPC. Means a Person can’t start more than one OPC.
  • IF OPC crosses a turnover of over Rs 2 crores or has a paid-up capital more than Rs 50 lakhs. It must be converted into a private or public within 6 months.
  • Annual Statutory Audit compulsory by Practicing CA
  • Separate Legal Entity and Limited Liability
  • Annual ROC Filing is Mandatory
  • Eligible to apply for Startup Recognition

Documents required for One Person Company Registration

The director of the OPC should submit the scanned transcripts/ copies of the following documents mandatory for OPC registration-

  • PAN card or Passport(NRIs and Foreign Nationals)
  • Scanned transcript of Driver’s License or Voter’s ID
  • Updated gas or electricity invoice/Bank account Statement/Mobile or landline phone invoice
  • Specimen signature or impression
  • passport-sized photo

Please Note: The first 3 documents should be self-attested by the OPC director. All the documents for a foreign national or an NRI must be notarized (if residing in India or a non-Commonwealth country at present) or apostilled (if living in a Commonwealth country at present). Under the guidance of the Ministry of Corporate Affairs

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Frequently Asked Questions - FAQs

  • How can I register a One Person Company?

    A One Person Company Can Be registered as a Private Company that has only One Person as Share Holder. And all the rules and regulations are under Ministry Of Corporate Affairs. Documents Required For Register One Person Company

  • How much capital do I invest to start a One Person Company?

    The minimum capital requirement is Rs. 1,00,000/- but this amount can differ from your investment. Authorized capital and investment aren’t one and therefore the same. you’ll invest as many as you’ll , but once you want to include a corporation legally, it’s to be started with Rs. One lakh as capital.

  • What is One Person Company Registration fees ?

    The Total Cost for One Person Company Registration fees may come around Rs.8,000/- To 10,000/- which includes Government Fees, Stamp Duty and other fees. Exclude service tax.

  • How to Change Nominee for my 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. A Nominee can be changed with the proper intimation and filing of necessary forms with Registrar of Companies.

  • Can I Convert One Person Company 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.

  • How many Directors can allowed in One Person Company?

    A minimum of one is required while starting a One Person Company, but you can have up to 15 Directors for your One Person Company

  • One Person Company should conduct Annual Board Meeting?

    No, a One Person Company does not required to hold Board meeting like Private Limited Company. But they can conduct Board Meeting once in every half year calendar, Each Meetings gap shall not be less than 90 days.

  • What happens when death of member of the One Person Company?

    If the member dies, the nominee undertakes the affairs of the company and within 15 days of time, the company has to intimate the Registrar of Companies by filing Form INC-4 with prescribed fee.

  • Can a Member Have Multiple OPC Memberships ?

    Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days.

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  • How to Register OPC ?

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