One Person Company (Pvt Ltd) Registration Online In India
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How To Register A One Person Company?
It is very easy and simple to register a One Person Company with the below mentioned steps.
Our experts will help you in understanding your business structure.
Step 2
Our experts will help you in picking up the right company name.
Step 2
Our experts will draft the company MOA and AOA according to the requirements.
Step 3
What is One Person Company?
Incorporation of One Person Company was published as a good rectification over the sole proprietorship. Only the residents of India who were born here are eligible for the One Person Company Registration. An OPC is perfect for anyone who wants to run a business by himself or herself, think to have effective control over the overall operations of the business, and works in a structured framework.
One person company is one in which best one individual is the member. It can be registered with a minimum capital of just Rs 1 Lakh. Earlier, if the paid capital of One Person Company exceeds fifty lakh rupees or its average annual turnover during the relevant period exceeds 2 crore rupees, it will cease to be entitled to continue as a One Person Company. Now, the Government has removed the limit of paid-up share capital and turnover for the conversion of OPC which is mostly done by the startups.
Benefits of One Person Company
Good reputation and credibility in the market: In India, OPC is a Private Limited Company, which is the most popular and leading business structure in the business sector. Various Govt. Agencies, Corporate Customers, and vendors prefer to trust and deal with Private Limited Company rather than proprietorship firms.
Limited liability Protection to Directors Personal Assets
Private Limited Company Registration – A Complete Guidance : The various startups need to buy loans to establish their business and take things on credit. In the case of normal partnerships, the property and personal savings would be at risk because a business is not able to repay its loans. At the same time, in one person’s private limited company, the personal assets of the director are safe, only the investment gets lost.
Assist for Testing of Business Model and Enables Funding : The OPC business helps the startup entrepreneurs to test their business models, and build up a marketable product, to approach venture capitalists for funding and easily convert OPC into a multi shareholder Private Limited company.
Documents required to register a Private Limited Company
| Requirements for Private Limited Company | Indian Directors |
|---|---|
|
Identity Proof |
Aadhar card/Passport / Voter
Identity Card / Driving
license. |
|
Residential Proof |
Bank Statement/Mobile
Bill/Telephone Bill/
Electricity Bill |
|
PAN Card |
Mandatory |
|
Registered Office
Proof |
Electricity bill/ Gas bill |
Company Registration Process
Step 1:- Application of DIN & DSC
Step 2:- Approval of the name
Step 3:- MOA & AOA Submission
Step 4:- Apply for Incorporation Certificate
Step 5:- Need to apply for TAN, PAN, and Bank Account
Step 6:- For Current Account Opening
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Help Center
FAQ’s about One Person Company
A. OPC company registration can be done only by Resident Person. The term “Resident Person” here means a person who has stayed in India for a period of not less than 182 days during the immediately preceding financial year. Criteria of 180 days have been reduced to 120 days to allow Non-Resident Indians to operate OPCs in India and enjoy the unlimited benefits of a One Person Company (OPC).
A. The capital to start your own OPC is around 1 Lakh, but no need to be paid-up. So, this means you actually don’t need any investment to begin your business.
- A. Easy to Make Decisions In a Company With a Single owner
- Limited Liability Protection
- Better image and credibility in the marketplace
- Easy to raise funds
A. There are no tax benefits are available as the tax rate is flat 30%,.
A. No not at all, you can show your rented home or own residential address as the registered office address of the company.
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