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One Person Company

₹ 7,999/-

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One Person Company Registration

 
one person company in rajasthan

Incorporation means the formation of a new company. The corporation may include a company, a business, a start-up, a non-profit organization, a micro, small or medium enterprise. MCA governs the corporate affairs in India under the Companies Act. 1956, 2013 and other related Acts, Rules, and Bills. MCA also offers many services to the company owners. The Ministry is mostly concerned with the regulation of the Companies Act,2013. It is also involved in the Companies Act, 1956, and Limited liability Act, 2008. One person company is managed by a single owner. One person company is operated by a single person who acts both as a director as well as the stakeholder. One person company has limited liabilities and serves as a separate legal entity. 

One person company Registration process

 

Apply for Digital Signature Certificate: The First Step is to obtain the Digital Signature Certificate (DSC) of the proposed Director which required the following documents:

  • Address Proof
  • Aadhaar card
  • PAN card
  • Photo
  • Email Id
  • Phone Number

Apply for Director Identification Number: Once the Digital Signature Certificate (DSC) is made, the next step is to apply for the Director Identification Number (DIN) of the proposed Director in the SPICe Form along with the name and the address proof of the director. Form DIR-3 is the option only available for existing companies. It means with effect from January 2018, the applicant need not file Form DIR-3 separately. Now DIN can be applied within SPICe form for up to three directors.

Name Approval Application: The next step while incorporating an OPC ( One person company registration fees is low) is to decide on the name of the Company. The name of the Company will be in the form of “ABC (OPC) Private Limited”.

There are 2 options available for getting the name approved by making an application in Form SPICe 32 or by using the RUN Web service of MCA by giving only 1 preferred name along with the significance of keeping that name. However, with effect from March 23, 2018, Ministry has decided to permit two proposed Names and one re-submission (RSUB) while reserving Unique Names (RUN Service) for the Companies.

Once the name is approved by the MCA we move on to the next step.

Documents Required for OPC: We have to prepare the following documents which are required to be submitted to the ROC (Registrar of Companies):

a. The Memorandum of Association (MoA) which are the objects to be followed by the Company or stating the business for which the company is going to be incorporated.

b. The Articles of the Association (AoA) which lays down the by-laws on which the company will operate.

c. Since there are only 1 Director and a member, a nominee on behalf of such person has to be appointed because in case he becomes incapacitated or dies and cannot perform his duties the nominee will perform on behalf of the director and take his place. His consent in Form INC – 3 will be taken along with his PAN card and Aadhar Card.

d. Proof of the Registered office of the proposed Company along with the proof of ownership and a NOC from the owner.

e. Affidavit and Consent of the proposed Director of Form INC -9 and DIR – 2 resp.

f. A declaration by the professional certifying that all compliances have been made.

Filing of forms with MCA: All these documents will be attached to SPICe Form, SPICe-MOA, and SPICe-AOA along with the DSC of the Director and the professional, and will be uploaded to the MCA site for approval.

After uploading, Form 49A and 49B will be generated for the PAN and TAN generation of the Company which has to be uploaded to MCA after affixing the DSC of the proposed Director.

Issue of the certificate of Incorporation: On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.

Why registering a company is important

  • It serves a separate legal body. 
  • Taking loans in the name of the company and invest in another company. 
  • The Director of the company can enjoy all the related tax benefits. 
  • The company acquires the power to hold, take and dispose of the property from the time of its formation. 
  • To build a podium to deal with great suppliers, industries, and customers. 

Basic Knowledge of One Person Company

Limited Liability

OPC has limited liability as it is a Separate Legal Entity. It can buy and sell property, The death, insanity, incapacity or insolvency of its shareholder/director does not affect the existence or business of the Company in any way.

Single Owner

The ownership in the case of the company is defined by the shareholding by the personnel involved. The ownership is in the hand of a sole member in the case of One Person Company and not divided with any other person.

Share Transfer ability

If the single-member wants to transfer his entire shares in the company to another individual, all the provisions with respect transfer of shares will also apply. OPC is effectively a company that has only one shareholder as its member

Lesser Compliance

One Person Company in rajasthan requires lesser compliances as compared to Private Limited Company or Public Limited Company or any other kind of business registration and no required of opc audit if your turnover below 40 lacs

Advantages And Disadvantages of OPC

 

Benefits of One Person Company-

  • The biggest advantage of a One Person Company Registration is that the identity of the company is different from the identity of its owner. That is, if the company gets caught in a legal dispute, then the case will be on the company and not the owner of the company.
  • Its other advantage is that it has low liability.
  • It involves little paperwork, which makes the whole process easy.
  • One Person Company is very beneficial for small traders, as the businessman can start a company without any additional shareholder.
  • OPC Registration has proved to be very helpful in boosting the economy of European countries.
  • One Person Company has limited liability. 
  • It does not involve big investments. 
  • It is easier to make decisions as only one person has to do it. 
  • One person company Registration is a separate legal entity. it is easy to get bank loans and other facilities. 

Disadvantages of One Person Company-

  • Its biggest disadvantage is the complicated operation of its registration.
  • A person who registers an OPC cannot register another company of the same type, nor can a nominee in any company that comes under the OPC.
  • OPC cannot be involved in any transaction which is of a non-financial nature.
  • A minor person can neither be a shareholder nor become a nominee in such a company.
  • The One Person Company in Jaipur cannot be subsequently changed to a company which falls under the company under Section 8 of the Act (a non-profit company).

Our Process

01

Sent the required business details for opc registration and information on our E-mail.

02

Choose one of our packages and pay online with different payment modes available.

03

After Fee, we will then apply for Digital Signature Certificate and Director Identification Number.

04

We will then test your crowd repute availability and company name approval.

05

Our Team then make the Memorandum of Association and Article of Association .

06

We will file the Incorporation documents and get you certificate applying PAN and TAN.

Document Required

PASSPORT SIZE PHOTOGRAPH

IDENTITY PROOF

DIGITAL SIGNATURE

ADDRESS PROOF OF BUSINESS

FAQ (Frequently Asked Questions)

 
One person company is managed by a single owner. One person company is operated by a single person who acts both as director as well as the stakeholder.
Any individual in India can register for one person company. Foreigners cannot register One person company.
There can be one director for one person company and maximum of 15 directors.
Yes, director and shareholder can be the same person in a one person company.
Director Identification Number(DIN) is a 8-digit unique number allotted to a person who intends to be the director of the company. It is issued by the Central Government.
It serves a separate legal body. • Taking loans in the name of the company and invest into another company. • Director of the company can enjoy all the related tax benefits. • Company acquires the power to hold, take and the dispose of the property from the time of its formation. • To build a podium to deal with the great suppliers, industries and customers.
The documents required for One person company are: 1.PAN Card for Indians and passport for foreigners. 2.Passport for NRI’s 3.Passport Size photographs 4.Address proof and rent agreement in case of rented property 5.Electricity and water bills. 7.No Objection Certificate (NOC) from the landlord 8.Digital Signature Certificate (DSC) signed by directors and stakeholders. All the documents should be self attested.
It takes around 2 to 3 days for the completion of one person company registration.
No, the process is done online and you don’t need to be physically present during the one person company registration.
Yes, a bank account is required for one person company registration.